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Amazon shares (NASDAQ:AMZN) have gapped up as a result on an ongoing strong buying pressure in the market. This is a trend that is supposed to continue for most of this year. Price reached a significant low in December 2018, and then rose up, only to trade sideways later. The sideways movement ended in March […]

RPUSD Medium-term Trend: Bullish     • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.29, $0.27, $0.25   Yesterday, April 29, the XRP price was in a range bound movement below the 12-day EMA and the 26-day EMA. On April 26, a bullish candlestick broke the bearish trend line signaling the end of […]

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 […]

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 […]

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. […]

ETHUSD Long-term Trend – Bullish     Distribution territories: $190, $200, $210 Accumulation territories: $120, $110, $100     Ethereum’s price has been rising against the US dollar in the last few trading sessions of the week. The cryptocurrency is, however, still trading within the boundaries of a specific range.     On April 2, the […]