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DOT/USDTPolkadot (DOT) has bounced off the support at $15.80, indicating that the bulls have not given up and they continue to buy at lower levels. The RSI is showing signs of forming a positive divergence, suggesting that the selling momentum could be weakening. The DOT/USDT pair could now rise to the downtrend line, which is likely to act as a strong resistance. If the price turns down from this level, the bears will again attempt to pull the pair below $15.80 and resume the downtrend. Conversely, if bulls drive the price above the downtrend line and the 50-day SMA ($21.14), the pair could rise to the overhead resistance at $23.19. A break and close above this level will complete a double bottom pattern. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
by Anthony123111
ETH/USDTEther (ETH) bounced off the psychological support at $2,500 on Feb. 22. The bulls have pushed the price above the breakdown level of $2,652, indicating strong buying at lower levels. The buyers will now try to propel the price above the moving averages. If they succeed, the ETH/USDT pair could rally to the resistance line of the symmetrical triangle pattern. The bulls will have to push the price above the triangle to signal the start of a new uptrend. Alternatively, if the price turns down from the moving averages, the bears will try to pull the pair below the support line of the triangle. If they manage to do that, it will suggest that the symmetrical triangle has acted as a continuation pattern. The pair could then drop to $2,159 and later to $2,000.
by gibsonlookey
ETHUSD Trading Analysis and Anecdotal InsightsOverall, ETHUSD price is stable around $3,000. If ETHUSD pulls back lower, it could get support near $2,900 in the short term. Instead, it could rise to the $3300-3600 level. The U.S. may come closer to regulating stablecoins. The proposed bill would introduce a new "qualified" designation for stablecoins that could be converted to U.S. dollars on a one-to-one basis as needed. These qualified stablecoins could only be issued by banks or non-bank institutions that meet certain requirements, including rules set by the Office of the Comptroller of the Currency. Issuers of eligible stablecoins must maintain at least 100% reserve asset backing, which will take the form of U.S. dollars or other assets in cash equivalents as deemed appropriate by the OCC. In most cases, these include highly liquid, short-term U.S. dollar-denominated debt instruments, such as U.S. Treasuries. One of the biggest concerns regulators have about stablecoins and stablecoin issuers is the quality of their backing and the potential for a "bank run" that could threaten the stability of the broader financial system. Under Gottheimer's bill, stablecoin issuers would either have to obtain a banking license or keep their reserves in segregated accounts at regulated banks. This would significantly reduce risk to users and the system as a whole, but it would also increase centralization and limit competition in the space. Interestingly, why do all the so-called "innovations" need to be tied to dollars? Oil, gold, cryptocurrencies, web 3.0, etc. Will you think deeply about it!
BITFINEX:ETHUSD
by Super_B_XinR
3
XAUUSD upward factorsThere are a number of factors that have emerged to trigger a rise in XAUUSD, the most likely one being the growing tensions along the Ukrainian border. Gold has attracted investors as a hedge against volatility. Russia's invasion of Ukraine would certainly be an event worthy of triggering potentially huge uncertainty in the market - and traders hate uncertainty. The impact of the Russia-Ukraine situation on gold is simple: if tensions increase, gold could be boosted, and vice versa. Another factor is that a hawkish Fed directly threatens market sentiment leading to a sharp deterioration in global risk appetite and a wave of selling, which is expected to cause panic later. Of course, smart investors in the market already have ways to deal with this, and those rich and powerful will never lose but will make more money from it.
OANDA:XAUUSDLong
by Super_B_XinR
8