Due to the change in the price trend since March 8 and after hitting the strong support range of $25, it seems that Silver buyers are stronger in market which formed a trend bullish channel. However, if the power is rediscovered for the sellers, it is not unexpected to hit the support range and return back to this position.
Further to our previous idea, Ether crossed the bearish channel and now the bullish trend is shaped. We assume due to the uncertain market for Dollar, this might reach to the first target at 1700$ zone. Then probably moving to the next target at 1800$.
Further to the treasury yield movement last week, the risk taking movement in market was done for a week. Therefore crypt market was declining deeply which made a bearish channel for Bit and Ether. However by starting this week and slipping on bond rate, again market came back to the risky assets and coins started bullish trend and already left the bearish channel...
The power of politicians to crack down on currency cryptocurrencies is no greater
If you cross the specified line, expect to move to the tip of the arrow
More than 390 pips move in the direction of analysis in less than 3 days!
More than 390 pips move in the direction of analysis in less than three days!
The pair is still in a downtrend and will probably decline to the bottom of the channel due to the oil price rally and crossing the short-term range. After that, if Dollar strengthens, buyers expect the price to reach to the upper edge of the channel. Meanwhile, the 4-hours trend line will show not much strong resistance.
The pair is still in a downtrend and will probably decline to the bottom of the channel due to the oil price rally and crossing the short-term range. After that, if Dollar strengthens, buyers expect the price to reach to the upper edge of the channel. Meanwhile, the 4-hours trend line will show not much strong resistance.
price correction of the downzone and then goes to high zone in weekly time
However Gold started last week with bearish move, but tried to do some correction until the tension zone between $1780-$1790 This bearish intend might continue due to the hope of more support from new US administration for economy recovery and also having more liquidity in Coins these days. Therefore highly recommended to traders look for short to trigger in this market.
As we can see, GBPAUD is in a downtrend and reaching the support zone ahead will not be far from mind
Which way is it going EURNZD? As you can see, in the daily time frame, the price is on a downward trend and channel,We have seen a weakening of buyers of the euro against the New Zealand dollar in recent days. That's why the price, which has once again reached the ceiling of the channel, we are witnessing stronger sales than the ceiling of the...
Which way is it going EURNZD? As you can see, in the daily time frame, the price is on a downward trend and channel,We have seen a weakening of buyers of the euro against the New Zealand dollar in recent days. That's why the price, which has once again reached the ceiling of the channel, we are witnessing stronger sales than the ceiling of the...
Following the bitcoin-based ETF fund news in the Toronto Stock Market, the market sentiment for bitcoin is very positive. Right now, bitcoin is in the uptrend channel, which due to the reluctance of selling this asset by its owners, a strong upward move -to the target of 65 thousand and 70 thousand dollars- could be expected .
Further to the low interest of Central Banks around the world and due to the fact of highest momentum ever for last 6 months, BTC is in the first option of saving wallet for even Liquidity Providers globally. However, this momentum and hopes for economy recovery, shaped a big fear that "How much percentage to be left for it?!" Looking deeply thought the 4H chart...
After weeks of dollar gain in market, by confirming new administration in US and hopes for stimulus by new treasury secretory in White house, dollar started weakening since Wednesday and Gold with other valuable metals went on a high momentum rally after that. This rally crossed $1850 resistance zone and then passing long term down trend to move forward through...