Cryptocurrencies

BTCUSD Long-term Trend – Bullish     Distribution territories: $8,500.00, $9,500.00, $10,500.00. Accumulation territories: $6,000.00, $5,000.00, $4,000.00.   Bitcoin’s market value has seen a sharp and tremendous increase this week. The cryptocurrency made strong northbound movements after making corrections caused by the bears’ selling pressure. The bulls now seem to be in...

Ethereum Medium-term Trend: Ranging   Supply zones: $700, $750, $800 Demand zones: $350, $300, $250   Ethereum is ranging in the medium-term outlook. The bulls failure for further upward price push above the $506.65 in the supply area after retesting the broken support now demand zone at $491.74 returned the bears back to the market. […]

BTCUSD Long-term Trend – Bearish     Distribution territories: $7,500.00, $8,500.00, $9,500.00. Accumulation territories: $5,500.00, $4,500.00, $3,500.00.   Bitcoin’s price has been undervalued against the US dollar this week. The cryptocurrency saw its value rise last week The pair began falling on July 8 while it met some strong distribution territories that were difficult to...

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish In the long-term, the pair is bearish, and last week was bearish too. Price dropped by 140 pips, moved briefly below the support line at 1.1650, and then closed above it. This week, there could be a test of the support lines at 1.1650 […]

BTCUSD Long-term Trend – Bearish     Distribution territories: $8,000.00, $9,000.00, $10,000.00. Accumulation territories: $5,000.00, $4,000.00, $3,000.00.   Bitcoin’s market value was previously suffering a considerable against the US dollar, but this week it has been able to rebound. The rebounding effect notably started on June 29, last month. The bears have in the past...

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish in the long-term, and bullish in the short-term. Last week, after testing the support line at 1.1600, price went upwards by 150 pips, to test the resistance line at 1.1750. Price can still go further upwards towards the resistance lines […]

Ethereum Medium-term Trend: Bullish     Supply zones: $550, $600, $650 Demand zones: $350, $300, $250-   Ethereum remains in a bullish trend in the medium-term outlook. The formation of bullish candles at the 50.0 fib level was good confirmation for the bulls as price was pushed up to $482.12 in the supply area.   […]

ETHUSD Long-term Trend – Bearish     Distribution territories: $700.00, $800.00, $900.00. Accumulation territories: $300.00, $200.00, $100.00.   Ethereum hasn’t been able to recover from the selling pressure it has been enduring in its pair with the US dollar. Throughout last week, the crypto asset was declining in a ranging format to the extent of […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish, but price was not able to go downwards seriously last week. Thus the market is bearish in the long-term, but neutral in the short-term. A strong opposition was particularly met at the support line at 1.1550, after which price bounced […]

BTCUSD Medium-term Trend: Ranging   Resistance Levels: $6,150, $6,200, $6,250 Support Levels: $6,000, $5,950, $ 5,900 Yesterday, June 27, price of Bitcoin was in a range bound movement. Today, the range-bound movement continued. The cryptoasset has been fluctuating above the $6,000 price level for four days. From the weekly chart, price of Bitcoin had fallen […]