OPEC+ LEAVES JANUARY OUTPUT PLANS UNCHANGED BUT REMAINS FLEXIBLE TO OMICRON-RELATED SHOCKS Yesterday the Organization of Petroleum Exporting Countries (OPEC), Russia and its allies, known as ‘OPEC+’, decided to stick to its original plan to increase oil supply by 400,000 barrels per day (bpd) despite the ongoing threat of Omicron on travel restrictions and the...
The Turkish lira crashed to another record low on Friday and shot to the 16.85-90 region against its American counterpart during the first half of the European session. The strong move up over the past two days or so comes after President Recep Tayyip Erdogan announced on Thursday to raise the minimum wage by 50% starting next year. Erdogan also said that the...
USD/TRY yesterday remains range-bound near $12.40 heading into Monday’s European session. The Turkish lira (TRY) pair snapped a two-day downtrend the previous day while staying past a weekly ascending support line. Given the MACD line teasing bullish cross, as the quote remains above the short-term rising support line, USD/TRY buyers are likely to aim for the...
One Month : The current Internet Computer price is hovering around $47.78 , following a considerable drop in May and June 2021. Our analysis forecasts that the coin could head upper to find interest price level around the $49-$50 level over the next month. Three Months – Assuming the Internet Computer price live can find a interest price level, we could see a...
Dogecoin price has been on a slow uptrend for the past month with some volatile moves. However, DOGE seems primed for a quick run-up into the liquidity pool before establishing a firm directional bias. Dogecoin price has bounced off the $0.226 support level twice over the past month and has risen roughly 22% to where it currently stands. While there was a massive...
VeChainThor public blockchain was launched with the goal of mass business adoption. The public blockchain has two tokens, VeChain and VeThor (VET) tokens. VeThor token is used to power transactions that take place on VeChain. The token is critical to the functionality of the blockchain. It is representative of the smart contract element of the network. The unique...
As per their official website, the BZRX protocol or BZX is an Ethereum based DeFi lending protocol where users can borrow, lend, and trade without relying on third-party banks. DeFi or Decentralised Finance is a branch of crypto that is focused on providing decentralised financial solutions to people looking for funds as an alternative to banks. Many people who...
Ripple price is consolidating inside a bullish pennant pattern, suggesting a massive move around the corner. From September 29 to October 10, XRP price rose 38%, creating the ‘flag pole’ section of the pennant pattern. This move was followed by a tight ranged movement that led to the formation of lower highs and higher lows, resulting in a pennant. This technical...
Ethereum price looks ready for a run-up to contest its previous highs at $4,172 as it is consolidating between the $3,900 and $4,200 barriers. Like Bitcoin price, ETH has corrected 11% from its swing high at $4,380. As long as the $3,900 support floor holds, Ethereum price will probably make a run up to new all-time highs. If the said support barrier gives way,...
Cardano developing a bear trap pattern, ADA poised for spike higher to $3 Cardano price is on its ninth consecutive week of weekly candlestick closes below the open – that’s a bearish near-term record no primary market cap cryptocurrency can match. But the constriction has been so prolonged that a breakout now could trigger some massive price spikes. Cardano...
EOS fell by 0.28% on Monday. Following a 3.64% gain on Sunday, EOS ended the day at $4.6320. A bullish start to the day saw EOS rise to an early morning intraday high $4.7226 before hitting reverse. Falling short of the first major resistance level at $4.7946, EOS slid to an early morning intraday low $4.4642. EOS fell through the first major support level at...
The 12-month price forecasts for GoPro Inc have a median target of 10.00, with a high estimate of 13.00 and a low estimate of 9.00. The median estimate represents a +13.51% increase from the last price of 8.81. GoPro is in a bullish channel offering fair price, more buyers are getting in and creating strong confidence level. - Our option for #GPro is BUY IT....
Currency markets were becalmed in early Asian trade on Monday. The only action was on the Emerging Markets with the Turkish Lira hitting an all-time low. Against the US Dollar, the TRY (Turkish Lira) hit a record low of 9.85 so far in early Asia. * Turkey 2021 inflation target raised to 18.4% from 14.1% * Miners lead losses in China, Russia as commodity prices...
Dent is trading in very clear bullish channel with very strong buying pressure curve which can increase the price and a interest rate at 0.0074, getting more buyers for DENT can also create more confidence level that make more flow to the market for price to spike. Dent price equal to 0.00726 USD, Based on our forecasts, a long-term price increase is expected to...
Injective Protocol looking very good for a long term investment, we can see a clear market confirmation for buyers, bullish channel created and the price will move higher to build stronger confidence levels so more buyers will join. Inverted hammer is a good bullish confirmation signal, also a bullish channel while there is a positive price action for creating 5...
After a breakout it is time for a nice and clear pull back to get more buying flow and increase volume, we need to wait for a 4H candle to close and confirm a bullish continue which will create a bullish channel. We are also expecting to see micro traders using high margin are joining big money players that lead to FOMO price action. ICP price at 47.10 USD, based...
Bullish curve is happening and we expect 50% to 80% price increase, news look good, buying flow is increasing and ICP market has a well confidence level at this price. Our option for #ICP is BUY IT. Please do your research before any trade or any investment, make your own decision, be patient and look long term wisely. - Please comment, like and follow if f...
What is head and shoulders ? The head and shoulders chart pattern is a popular and easy-to-spot pattern in technical analysis that shows a baseline with three peaks, the middle peak being the highest. The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. The pattern appears on all time...