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Foreign Exchange

BTCUSD Begins a Short-Term Retracement as Price Resumes its Upward Trend

07 Oct 2023 @ 22:02
BTCUSD begins a short-term retracement as the price resumes its upward trend. The price rose dramatically from the support level of $19569.000, resulting in the development of a bullish order block at $2475.000. This rising trend persisted until mid-April 2023, after which there was a big pullback that lasted until the bullish order block was […]
 

ETHUSD Enters Bullish Order Block Amid Reversal Signals to the Upside

07 Oct 2023 @ 21:32
ETHUSD enters the bullish order block amid reversal signals to the upside. Following a distribution phase seen in the supply zone of $2143.00, a reversal in the trend appeared on April 19, 2023. When this reversal first appeared, the price declined rapidly. This revealed the sudden presence of the bears. The decline continued afterward, though […]
 

BTCUSD Sets to Break a Diagonal Resistance as Price Resumes Its Uptrend

01 Oct 2023 @ 12:04
BTCUSD is set to break a three-month diagonal resistance as the price resumes its uptrend. In March 2023, a robust uptrend gripped the market as bullish investors surged in. This propelled BTCUSD to new highs. This upward momentum persisted for a month, culminating in a significant swing high at $31050.00.   However, after this peak, […]
 

ETHUSD Begins Correction Phase as Price Leaves the Oversold State

30 Sep 2023 @ 03:42
ETHUSD begins a correction phase as the price leaves the oversold state. A trend reversal occurred on April 19, 2023, after a distribution phase at the $2143.000 supply zone. The emergence of the trend reversal led to a change of character, which marked the beginning of the downward motive trend. In fractals, ETHUSD declined, invalidating […]
 

ETHUSD Begins Consolidation Phase as Price Struggles at Bullish Breaker Block

22 Sep 2023 @ 23:51
ETHUSD begins a consolidation phase as the price struggles at the bullish breaker block. The break in structure that occurred on August 17, 2023, led to an increase in the fear of market participants. ETHUSD kept experiencing depreciation as the bulls failed to defeat the bears. According to the MA Cross, the overall trend remains […]
 

ETHUSD Rises as the Price Bounces off the $1540.0 Support

18 Sep 2023 @ 19:19
ETHUSD rises as the price bounces off the $1540.0 support. The overall downward trend emerged as the price made a u-turn in February 2023. Following a short period of distribution, a markdown ensued, driving the price lower into the discount zone. A lower high formed on May 6, 2023, in a bid to drag the […]
 

BTCUSD Surges Upward As Price Breaches The Previous Low At $25235.00

18 Sep 2023 @ 17:25
A reversal occurred as the price hit the $19569.00 support level in March 2023. This was followed by an aggressive rally that brought the price of Bitcoin beyond the previous resistance of $24750.00. Owing to the aggressive rally from the $19569.00 support, a liquidity void formed below the $24000.00 psychological level. BTCUSD further rallied higher, […]
 

BTCUSD Keeps Declining as Price Crosses $28661.00 to the Downside

13 Sep 2023 @ 02:38
BTCUSD keeps declining as the price crosses $28661.00 to the downside. The market’s structure was previously bullish until the price began to crash alongside the falling trendline. The bullish trend commenced as the market bounced off the $15460.00 support in November 2022. The first impulse of the uptrend lasted for over ten weeks after the […]
 

Argentina Surpasses El Salvador in Bitcoin Adoption, According to Ark Invest

30 Aug 2023 @ 11:15
In the landscape of cryptocurrency adoption, El Salvador stands witness to widespread awareness of Bitcoin; however, its practical utilization remains relatively modest, barring some exceptions seen in popular tourist destinations. On a parallel note, Argentina’s economy grapples with escalating inflation rates, a backdrop that amplifies the surge in Bitcoin adoption within the nation...
 

People Are Anxious as Hong Kong Prepares to License Some Cryptocurrency Firms

12 Jul 2023 @ 09:55
Despite the euphoria surrounding the debut of crypto enterprises in Hong Kong, no local employees have been hired as of yet, said recruitment executives. Roughly 150 businesses submitted an application on June 1 for a regional crypto license that enables them to run a cryptocurrency trading platform in the area. Even up to $25 million […]
 
 
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