Here is what you need to know on Monday, December 12: Markets seem to have turned cautious at the beginning of the week with participants staying on the sidelines ahead of this week's eagerly-awaited central bank policy announcements and high-tier … [Continue reading]
USD/JPY braces for 138.30 hurdle on firmer yields ahead of US inflation, FOMC
USD/JPY cheers upside break of three-week-old resistance to refresh intraday high. Yields remain firmer amid recession woes but light calendar on Monday, firmer Japan PPI readings probe the Yen buyers. US CPI, Fed’s signals for future rate hikes will … [Continue reading]
AUD/USD bulls flirt with 0.6800 as they seek validation from RBA’s Lowe, Fed
AUD/USD remains sidelined after closely missing the bearish weekly close. US Dollar gained on upbeat data, pre-Fed anxiety and geopolitical fears. Aussie Dollar cheers optimism surrounding China, RBA’s positive tone. No major data from Australia on … [Continue reading]
Binance exchange is not compromised, CZ confirms, normal “market behavior”
Binance exchange locked withdrawals on some accounts that were profiting off massively volatile coins. CZ explained on Twitter that this was normal market behavior and sometimes these things happen in free markets. The altcoins in question include … [Continue reading]
ATOM Price Prediction for December 11: Cosmos bulls eye a quick rally
ATOM price has signaled the start of a potential uptrend by producing a higher high above $9.89. A pullback into the FVG range, extending from $9.78 to $9.83 will be a buy sign, before a quick run-up to $10.56. A four-hour candlestick close below … [Continue reading]
Fantom price eyes breakout from multi-month consolidation, FTM holders could triple investment
Fantom price shows a consolidation below a trend line connecting the lower highs produced since May 23. A breakout from this setup could result in a minor move to $0.317, but depending on the momentum, FTM could rally 170%. A daily candlestick close … [Continue reading]
Bitcoin price will provide patient investors an opportunity to accumulate before $20,000
Bitcoin price shows a tight consolidation below the midpoint of an ascending parallel channel. A sweep of the range high at $17,433 will be a signal before sliding down to the $16,502 accumulation level. A four-hour candlestick close below $16,502 … [Continue reading]
Cardano price prediction for December 10: ADA bulls get one more chance
Cardano price hovers above the $0.310 support level and has a chance of a quick run-up. ADA bulls need to flip the $0.321 hurdle to kick-start a move to $0.379. A four-hour candlestick close below $0.299 will invalidate the bullish thesis. Cardano … [Continue reading]
XRP Price Analysis: Traders can long Ripple at this level for 20% gain
XRP price struggles to move above the $0.400 hurdle as volatility disappears. A retest of the FVG, extending from $0.368 to $0.363 is a good place to enter long position to realize 20% gains. Invalidation of this bullish outlook will occur if Ripple … [Continue reading]
Elon Musk says recession likely if “Fed raises rates again next week”
Elon Musk tweeted on December 9, highlighting his concerns about an incoming recession. Another hike in interest rate from the US Federal Reserve could kick-start a recession. Musk’s favorite crypto, Dogecoin seems to be stuck trading in a range and … [Continue reading]