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Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market began the current strong bearish movement in April. This month (especially from early June), price consolidated till June 14, before the large pullback we are currently witnessing. The large pullback has put more emphasis on the dominant bearish bias; thus price is […]

BTCUSD Medium-term Trend: Bearish   Resistance Levels: $6,600, $6,700, $6,800 Support Levels: $6,400, $6,300, $6,200   Yesterday, June 13, price of Bitcoin fell to as low as $6,252.61. Today, the asset is making a bullish movement to the high of $6,488.55. On the whole, the overall trend is bearish. In order to determine the continuity […]

ETHUSD Long-term Trend – Bearish   Distribution territories: $800.00, $900.00, $1,000.00. Accumulation territories: $500.00, $400.00, $300.00.   A bearish outlook is still noticeable on the chart of ETHUSD. The pair has been suffering from selling pressure against the dollar over the past few weeks. The bears have been overwhelming the bulls, which allowed them to […]

SRT Marine Systems stock (LSE:SRT) has dipped amid a strong rally, and it is expected to recover, to continue the rally and go further upwards. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The Color that stands for each EMA is shown at the top left part […]

ETH/USD Medium-term Trend:Bullish   Resistance: $650, $700, $750 Support: $550, $500, $450 Yesterday, June 6, price of Ethereum was in a bullish trend. In the previous day, the price of Ethereum was in a bearish trend at a price of $604.36. It was assumed that if the asset falls, it might fall to the lows […]

BTCUSD Long-term Trend – Bearish   Distribution territories: $10,000.00, $11,000.00, $12,000.00. Accumulation territories: $6,000.00, $5,000.00, $4,000.00. The US dollar has been pushing against Bitcoin, flagship cryptocurrency. The last time BTC made a strong move was on May 5, as on that day, it was surged thanks to the bulls, to the point of touching the […]

ETHUSD Medium-term Trend: Bullish Resistance: $585, $580, $575 Support: $555, $560, $565 Yesterday, 30 May, the ETHUSD pair was in a bullish market. Ethereum had established itself above the $550 price level. Meanwhile, the MACD line and the signal line were above the zero line, indicating a buy signal. Also, the price was above the […]

BTCUSD Medium-term Trend: Bullish   Resistance: $7,800, $7,700, $7,600 Support: $7,200, $7,300, $7,400 On 24 May, the Bitcoin price broke the support level at $7,500 after several days of fluctuating below and above that level. The asset fell to $7,127 and resumed a range-bound movement. The range-bound movement resulted in a bullish breakout above $7,500. […]

ETHUSD Daily Trend – Bullish Distribution territories: $570.00, $580.00, $590.00. Accumulation territories: $550.00, $540.00, $530.00. Ethereum had been significantly suffering from the strength of the US dollar. ETHUSD yesterday declined sharply in value up to the point of touching the accumulation territory of $500.00. The buyers managed to stage a good come-back into the market […]

BTCUSD Long-term Trend – Bearish   Distribution territories: $11,000.00, $12,000.00, $13,000.00. Accumulation territories: $6,000.00, $5,000.00, $4,000.00. Bitcoin has been continuously witnessing a downward slide against the US dollar this week. The last time that the pair made a slight high was on May 20. The bears have had a greater advantage on the market over […]