Investing Advice

Alibaba stock (NYSE:BABA) has been engaged in what is best known as zigzag movement since January 2020. Price dipped from January to March, rose in April and May and has currently dipped again. Buyers have failed to prevent further dip as price is now staying below the EMA 21, while William’s % Range period 20 […]

The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was […]

Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Today, Bitcoin Cash is consolidating above $230 but characterized by small body candlesticks. On May 8, the bulls attempted to retest the $280 resistance but were resisted. BCH dropped to $230 low and resumed consolidation. Further upward move has […]

 Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bearish Ethereum has been trading above $200 after a rebound on May 7. However, the king altcoin suffered another setback after a breakdown yesterday. The coin dropped to $180 low but price corrected upward above $185. On the downside, ETH is likely […]

USDCHF Price Analysis – May 16 Through the early European session, the USDCHF pair exchanged with a slight positive bias, though missing any significant follow-through buying and staying constrained beneath weekly highs. Though the level of 0.9800 remains in reach as USDCHF trades inside the triangle gaining momentum for a probable breakout. Key Levels Resistance […]

Zoom Video Communications Inc. shares (NASDAQ:ZM) have begun to rally after a recent dip. The market is generally bullish and the bullishness has been on for a very long time: only that it is more pronounced right now. From December 2019 to April 2020, price went upwards. It pulled back in April and reached new […]

Amazon.com stock (NASDAQ:AMZN) is currently bullish; though the market is volatile. The current bullish started, following a strong downtrend in March 2020. Price nearly reached the great demand zone of 1600.00 before it rallied massively, now close to the supply zone at 2400.00, which would easily be breached as the market targets the supply zone […]

Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin has finally broken the $9,200 and $9,400 resistances as the market approaches the $10,000 resistance. Yesterday, price was hovering between $9,000 and $9,300 before penetrating the resistance zone. From the daily chart, Bitcoin has reclaimed the $9,500 […]

EURJPY Price Analysis –  May 8 Since the prior trading session, the common European currency has risen 77 basis points or 0.67 percent against the Japanese Yen. The currency pair on Friday surpassed the upward moving average of 5. While emerging upwards after a low-level rebound at 114.39, the selling bias in EURJPY stays far […]

Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin is still consolidating above $7,500 since March 23. The price action is characterized by small body indecisive candlesticks. The candlestick indicates that buyers and sellers are undecided about the next move of the coin. On the upside, if […]