Share: Bitcoin price has breached the $30,000 psychological level, to trade at $30,150 at press time. Taking off like an arrow from the bow, the flagship cryptocurrency has recorded a steady streak of higher highs. Experts attribute to the … [Continue reading]
Chainlink Price Forecast: What to expect from LINK after 21% rally shatters multi-month hurdle
Share: Chainlink price has slipped past the 15-month resistance level, extending from $7.69 to $7.85. In the last four hours, $3.78 million worth of positions have been liquidated. A weekly candlestick close below $7.69 will invalidate the … [Continue reading]
Shiba Inu Price Prediction: SHIB can rally 7% if bulls can overcome critical resistance level
Share: Shiba Inu price has created a foothold, which could trigger a quick rally soon. A flip of the $0.00000694 hurdle is in progress and could catalyze a 7% run-up to $0.00000748. A daily candlestick close below the $0.00000684 support level will … [Continue reading]
Ethereum Price Prediction: ETH ponders steep crash to $1,000 as it encounters key hurdle
Share: Ethereum price created a multi-month ascending triangle pattern that breached the downside. ETH is currently retesting the $1,639 resistance level that has been pivotal for the past year. The theoretical forecasting method hints at a … [Continue reading]
Ripple Price Forecast: XRP price could rally 140% as the SEC “surrenders”
Share: Ripple price is in an accumulation zone for long-term investors. XRP buyers could be in for a treat if the inverse head-and-shoulders pattern plays out. A successful completion and breakout from the said technical formation could … [Continue reading]
Cardano price needs to close above $0.26 to confirm resistance is broken
Share: Cardano price continues to lag, trading sideways and living below $0.26 for almost two weeks as altcoins move north. Although momentum is rising, ADA downside potential remains high with a 5% slump in sight toward the floor price of $0.2397. … [Continue reading]
United States CFTC Gold NC Net Positions: $112.7K vs $71.4K
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
US Dollar DXY declines below the 20-day SMA, closes the week with losses
Share: The US Dollar struggles to find demand at the end of the week. Markets are digesting Powell’s words on Thursday. US Treasury yields are retreating and the odds of a hike in December declined. The US Dollar (USD) measured by the US Dollar … [Continue reading]
USD Index: Losses below 105.50 would suggest a bit more softness ahead – Scotiabank
Share: US Dollar trades mixed to lower on the day as US yields slip. Economists at Scotiabank analyze Greenback’s outlook. Weaker tone in the USD since the late September peak On the charts, the soft close for the US Dollar Index (DXY) on … [Continue reading]
Sterling is likely to remain beleaguered – Commerzbank
Share: Sterling came under depreciation pressure this week. Economists at Commerzbank analyze GBP outlook. The environment will remain tricky for Sterling Of course, things can change and inflation could fall more quickly over the coming … [Continue reading]