Technical Analysis

ETHUSD Long-term Trend – Bearish     • Distribution territories: $200, $220, $240 • Accumulation territories: $120, $100, $80   After going through a specific trading range for a few days, Ethereum’s price dropped on April 25, during a process that weakened the cryptocurrency to the point it went under the $160 mark. The crypto’s […]

XRPUSD Medium-term Trend: Bearish     • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.31, $0.29, $0.27   On April 18, the XRPUSD pair was in a bullish trend. The bulls tested the $0.34 resistance level and were resisted. The bears broke the 12-day EMA and the 26-day EMA to reach the bearish […]

BTCUSD Long-term Trend – Ranging     • Distribution territories: $6,500, $7,000, $7,500 • Accumulation territories: $3,500, $3,000, $2,500   Bitcoin market valuation hasn’t been able to move strongly in the market as well as its counter currency i.e. the US dollar. Therefore, the cryptocurrency’s price value has continued to push around in range spots […]

Barclays shares (LSE:BARC) were recently not a good market, but things are now looking promising. There is a clear bullish signal in the market. Price broke the upper Trendline to the upside more than a few times, only to return below it. This time around, price has broken above the upper Trendline again, and it […]

HSBC Holdings stock (LSE:HSBA) has generated a clean, low-risk buy signal, following the recent discouraging conditions in the market. From November 2018 to February 2019, price consolidated seriously, and then fell lower in the following few months. Starting from the latter end of March 2019, a nice bullish trend has started. 4 EMAs are used […]

ETHUSD Medium-term Trend: Bearish   • Resistance Levels: $230, $240, $250 • Support Levels: $150, $140, $130   Ethereum’s price is in a bullish trend. On April 8, the bulls managed to bring ETH to a high of $187.98. The bulls faced resistance at the $184 level and as a result the price fell to […]

XRPUSD Long-term Trend – Bearish   • Distribution territories: $0.45, $0.50, $0.55 • Accumulation territories: $0.25, $0.20, $0.15   Roughly a week ago, XRP’s price was going down after it failed to break through the $0.40 mark during its bull run. Recently, the cryptocurrency traded at little over $0.35 for a few days, it has […]

Last night FOMC statement did not have a significant influence on the markets, investors were struggling to find anything bullish or bearish in the statement. Basically the Fed is not sure whether to raise rates, do nothing or cut rates. The committee is not concerned about a significant slowdown in economic growth. That would be […]

BTCUSD Medium-term Trend: Bullish   • Resistance levels: $7,000, $7,200, $7,400 • Support levels: $5,000, $4,800, $4,600   Yesterday, April 9, the price of Bitcoin was in a bearish trend. The price fall was as a result of the $5,300 resistance level. The bulls could not make further progress as a result of this hurdle. […]

Learn what makes both approaches to financial analysis so unique and which one might be the right for you in this brief guide. What images does the phrase “financial analysis” evoke in your mind? If it’s a series of complex chart patterns and technical indicators, then you would be glimpsing into the daily life of […]