• Bitcoin’s bearish sentiment is suspended in a sideways following a nice recovery from $4000 • The $6000 resistance is a key breakout level for Bitcoin to start a short-term increase Bitcoin has remained in a consolidation mode for a while now after recovering from the $4000 (the current 2020 low) last week. Though Bitcoin […]
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. The index has fallen to the low of 8542 indicating that the market is oversold. The implication is that selling pressure has been overdone. It is presumed that the downtrend has […]
The ongoing global coronavirus crisis has caused the postponement of a further rally of crypto-assets and blockchain professionals. Formerly scheduled for between April 22-23, but now shifted up to September 28, the TEAMZ Blockchain summit— the biggest blockchain conference in Japan— was to be conducted. In an official statement, the organizers said: “The TEAMZ followed […]
EURUSD Price Analysis – March 16 Since trending as high as the 1.1236 level earlier in the day, at the time of writing, EURUSD has now come under some selling pressure and drops the price down to the 1.1172 level. In the second time this month, the US Federal Reserve is cutting the benchmark rate […]
USDWTI Price Analysis – March 16 Today, the price of WTI oil has fallen to the lowest since last Monday’s crash, bursting at $30 and $29 levels through round-figure confluences while ignoring external intervention. The oil sell-off activate overnight after Fed’s aggressive measures failed to calm down investors, with ongoing price war between major producers […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bearish Today, Ethereum is consolidating between levels of $100 and $140 after the last bearish impulse. The bulls pulled back price but could not push ETH above $140. Ether lacks buying at a higher price level. Meanwhile, the bulls defended […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Today, Bitcoin has been trading in a confined range of $4,500 and $5,500. The bears took the price to a low of $4,500 and were repelled. The bulls have earlier been resisted at the $5,500 and $6,000 […]
In the cryptocurrency sector, last Thursday was chaos. Despite Bitcoin values plummeting at their lowest point about 50 percent, and other digital assets deteriorating, the latest nose dive is arguably the worst in cryptocurrency history. In reality, as Brian Norgard pointed out, as an investor and former Tinder CPO, the speed of the fall make […]
GBPUSD Price Analysis – March 16 With the Fed’s surprise activity reminiscent of the US dollar bears, GBPUSD bounces off lows in an early attempt to rebound past the level of 1.2300 to 1.2412 and higher than 0.50 percent on Monday as it heads into open European and American session. During the early Asian session, […]
