Gold futures for the month of December delivery, traded on the Comex division of the New York Mercantile Exchange, were little changed at $1,475.90.
Litecoin had a price spike yesterday, after the halving event that moved it above the $100. That was a short-term advance and sellers moved the price back below $100. Besides that, the price has respected the bullish trendline, and all indicators point to more advances.
Ethereum continues moving bullishly, but the current price is touching a resistance level at $236, so we have to observe how the price behaves there. Maybe another Bitcoin advancement would helo ETH to surpass that level. Buy the pullback is the motto here.
Ripple stalls. Besides most cryptos enjoying a bullish trend, XRP is moving weakly. Although some signs show it is in a bullish movement (higher highs and lows, the price above the +1 Bollinger line) the fact is the trend is very weak, and a pullback of the Bitcoin will trigger a much strong bearish response in this digital asset. There are better investment...
Bitcoin moving to its assault to its yearly highs. Just breaking the $12,000 barrier. All indicators point to a bullish trend with increasing momentum. We should be cautious because the price is too oversold and we already know how a bear candle can be in this market.
EURGBP Reacts on the Pivot Confluence Read more...
Yesterday, Litecoin was dominated by nervous sellers that drove the price to support levels. but, aided by its big brother, the bitcoin, it has overcome the situation and now we see that the price surpassed the descending trendline. The MACD is close to making a bullish transition and the price moving above the +1 Bollinger line is also bullish.
Ethereum is profiting from the bitcoin ride and moves in a bullish trend. MACD and price above the upward trendline testify that. The question is if it is worth putting our money in a shadow when you cand take the real thing.
Ripple is moving mostly sideways, but the current impulse of the Bitcoin made it move to the upside as well. The MACD is in a bullish phase and the price moving above the +1 Bollinger line. But the price is encountering resistance at these levels and the Stochastic show overbought. IN view of these conditions it wouldn't cause any surprise if the price retraced a...
Bitcoin has touched its +3 Bollinger band and its stochastics is in an overbought condition. The impulse is driven by fundamental factors( US-China War and the devaluation of the Renminbi), so it would be no surprise if it could move past $12,000 today.
GBPCHF Playing with the Pivot Levels Read more about our scenarios.
The price is still in the triangular structure, and the latest bullish candle low has not been violated. MACD is still bullish, althogh weakening( MACD histogram's bars shrinking). We think the Halving Event has created uneasiness, thus, increasing the selling pressure. For buyers: the price needs to create another bullish candlestick. Sellers should wait till...
AUDUSD - Watch the Broadening Triangle Read more...
XRP price moves below the ascending trendline and heads to the -1 Bollinger line, while Stoch and MACD turn bearish. Not a good outllook.
Reversal Week for the Bitcoin. See comments on the chart
BTC Futures creating an Engulfing Pattern
Reversal week for BTC. See the comments in the chart.
Gold futures for December delivery, traded on the Comex division of the New York Mercantile Exchange were up 0.9% at $1,444.95. Overnight, the United States President Donald Trump imposed additional tariffs on Chinese imported goods, escalating the trade tensions between the world's two largest economies.