• Bitcoin regains momentum back but still need to clear $6927 (last week’s high) before producing more gains. • The $6000 level is now acting as weekly support for Bitcoin Yesterday, Bitcoin reclaimed the $6000 level following a sharp surge from $5700. Today, BTC hits $6800 but the price has now dropped a bit to […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish Italy 40 is reaching bearish exhaustion as the market is said to be oversold. After the last bearish impulse on March 12, the market started consolidating above 15000. ITA40 is also in the oversold region as buyers […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Bearish Today, the market is going upward as against the US Wall Street 30 index downward move. The upward move could be temporary as the bear market has not shown any sign of reversal. From the […]
USDCHF Price Analysis – March 24 As the anti-greenback rally of the market is in the spotlight, USDCHF extends the losses of the prior day to 0.9722 level, down 0.75 percent, during the early hours of trading on Tuesday. After the Fed revealed unprecedented steps to purchase limitless quantities of Treasury bonds and mortgage-backed securities, […]
S&P 500 Price Analysis – March 24 As markets offer US dollars, likely in response to the Federal Reserve’s (Fed) open-ended asset purchasing plan, the S&P 500 futures are flashing green in Asia into the European session. The stock futures and yields are increasing as prospects of a large spending bill on coronavirus rise. The […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple is presently fluctuating between $0.12 and $0.17. The market appears to have reached bearish exhaustion as the coin reached the oversold region of the market. At a low of $0.12, XRP was oversold. Consequently, the bulls emerge to […]
Key Resistance Zones: 13600, 14000, 14400 Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: Bearish Germany 30 is in a bear market. Surprisingly, the index fell and was in the oversold region since February 28. The price is ranging and stuck in the oversold region. Buyers ought to have emerged to push […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Ranging Ethereum is still fluctuating between $100 and $140. Neither the bears nor the bulls have broken these key levels. Recently, the bulls bought at $120 price level. ETH made a positive move to break the $140 resistance level. Later […]
BitMEX states in its official blog post that on March 12 and 13 the exchange received numerous queries over the results of its insurance trust. It also defines what the insurance trust is, and why it is important. BitMEX declared, contrary to public opinion: This does not offset BitMEX operating expenses or add to BitMEX […]
