Technical Analysis

XRPUSD Long-term Trend – Bearish   • Distribution territories: $0.50, $0.55, $60 • Accumulation territories: $0.20, $0.15, $0.10   XRP has been on a bearish trend, as the crypto started its downward movements last week to hit the $0.35 mark. The crypto’s market price has since kept on declining, hitting a low of $0.30, below […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold has been making attempts to go upwards this month. The attempt started on November 13, when price reached the monthly low of 1195.90, and since then, price has gained roughly 5200 pips. This has generated a bullish signal in the market (both in the long-term and the short-term). The […]

BTCUSD Long-term Trend – Ranging   Distribution territories: $5,600, $6,600, $7,600 Accumulation territories: $3,000, $2,000, $1,000   The price of Bitcoin against the US dollar has been declining in the last few weeks, going from over $6,400 to little under $4,000 before recovering. Recently, the cryptocurrency’s price made a push past the $4,400 accumulation territory. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The bias is neutral in the short-term and bearish in the long-term. Last week, price swung upwards and downwards without having a directional movement. That is going to change this week, as a prolonged directional movement is expected, which would most probably favor bulls, […]

XRP Price Medium-term Trend: Bearish   Resistance Levels: $0.56, $0.58, $ 0.60 Support Levels: $0.36, $0.34, $0.32   Yesterday, the price of XRP was in a bullish trend. On November 28, the digital asset was resisted at the price of $0.40. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which […]

An unexpected announcement from Fed chairman Jay Powell sent the S&P 500 sharply higher yesterday. Powell said U.S. interest rates are near neutral. What he meant is rates will not rise as much as investors had anticipated. At first the reaction in the stock market was positive, higher interest rates hurt the economy, so the […]

ETHUSD Long-term Trend – Bearish   Distribution territories: $220, $240, $260. Accumulation territories: $100, $80, $60.   Ethereum’s price has been ranging in the last few trading sessions before the crypto market’s big fall, between the $180 and $160 price territories. The cryptocurrency featured short ups and downs at the time.   On November 18, […]

THERE IS NO MAGIC “Your trading methodology has to make sense for you even if it’s the opposite of what makes sense for other people. Choices made in developing your approach to trading should suit you personally to minimize internal conflict. Only then will you have the confidence to remain true to its development and […]

XRPUSD Medium-term Trend: Bearish   Resistance Levels: $0.56, $0.58, $ 0.60 Support Levels: $0.40, $0.38, $0.36   On November 21, the price of XRP was in a sideways trend. On November 20, the crypto’s price was resisted by the 12-day EMA and the 26-day EMA and fell to the low of $0.44. The digital currency […]

Eurasian Mining stock (LSE:EUA) has shot skyward, following a recent protracted ranging phase, which essentially became a base. The bullish breakout was so strong that it has generated a clean “buy” signal. The ADX period 14 is above the level 40, meaning that the momentum in the market is heavy. The DM+ is far above […]