Technical Analysis

S&P 500 market (SPI:SP500) looks promising for a great bullish run this year. There was an uptrend in the market until October 2018, when price began to plunge heavily, reaching a yearly low in December and bouncing upwards to resume a nice bullish movement. Where price bounced upwards, it was seen that it successfully closed […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $4,500, $5,000, $5,500 • Accumulation territories: $3,000, $2,500, $2,000   Bitcoin has been trading around the $3,500 mark over this week’s trading sessions, and has been maintaining the $3,500 and $4,000 as the boundaries to its range since December 21.   The cryptocurrency’s price has been […]

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   The XRP price is in the bearish trend zone as the price is range bound at the $0.33 price level. As the crypto’s price is ranging, the exponential moving averages are trending southward. The crypto’s price […]

ETHUSD Long-term Trend – Bearish   Distribution territories: $200, $220, $240 Accumulation territories: $90, $70, $50   On January 10, Ethereum’s price went through a notable decline after it was trading along the $160 mark. The cryptocurrency failed to push past said mark after trading between the $160 and $140 range, and ended up falling […]

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.36, $0.34, $0.32   The XRPUSD pair had been range bound for days but fell to the bearish trend zone yesterday.The crypto’s price was in a bullish trend that resulted in a price rally. The bullish trend was short lived […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $5,000, $5,500, $6,000 • Accumulation territories: $3,000, $2,500, $2,000   Bitcoin’s price has kept on seeing a significant number of weak price swings, a trend that’s been going on since the last week of 2018. The cryptocurrency has maintained the $4,000 and $3,500 marks as well-defined […]

Gulf Keystone stock (LSE:GKP) is a bearish market. The market has become bearish since October 2018, ending the preceding bullishness. The EMA 21 is sloping downwards and the price was recently below it. The Williams’ % Range period 20 was also recently in the oversold territory before the current upwards slope. The marker is trying […]

Facebook shares (NASDAQ:FB) are bearish. The bearish trend has been in place since the last several months, and this is a trend that is expected to continue in 2019. The ADX period 14 is slightly above the level 20, meaning the present momentum in the market is not great. The DM- is above the DM+, […]

XRPUSD Medium-term Trend: Ranging   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.36, $0.34, $0.32   On December 24, 2018, the 12-day EMA crossed over the 26-day EMA to trend horizontally. Similarly, within the same period, the XRPprice had been range between the levels of $0.34 and $0.38. The bears had not […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $5,000, $5,500, $6,000 • Accumulation territories: $2,500, $2,000, $1,500   Bitcoin’s price has been going through a series of ranging movements in the last few days, after it fell from a high seen on December 24. Currently, the flagship cryptocurrency’s trading has been seeing it range […]