Cryptocurrencies

Almost every modern business relies on providing services and products in exchange for money. It is the method of income generation that keeps the business going. Many businesses rely on receiving cash payments from their customers at the time of service delivery. Take restaurants, barber shops or your local retail store, for instance. These businesses […]

ETHUSD Medium-term Trend: Bullish Resistance: $585, $580, $575 Support: $555, $560, $565 Yesterday, 30 May, the ETHUSD pair was in a bullish market. Ethereum had established itself above the $550 price level. Meanwhile, the MACD line and the signal line were above the zero line, indicating a buy signal. Also, the price was above the […]

BTCUSD Medium-term Trend: Bullish   Resistance: $7,800, $7,700, $7,600 Support: $7,200, $7,300, $7,400 On 24 May, the Bitcoin price broke the support level at $7,500 after several days of fluctuating below and above that level. The asset fell to $7,127 and resumed a range-bound movement. The range-bound movement resulted in a bullish breakout above $7,500. […]

ETHUSD Daily Trend – Bullish Distribution territories: $570.00, $580.00, $590.00. Accumulation territories: $550.00, $540.00, $530.00. Ethereum had been significantly suffering from the strength of the US dollar. ETHUSD yesterday declined sharply in value up to the point of touching the accumulation territory of $500.00. The buyers managed to stage a good come-back into the market […]

Malta has recently gained a reputation as the ‘Blockchain Island’, as the major cryptocurrency exchanges are inbound for relocation. The Malta Blockchain Summit has now raised the bar by inviting one of the ‘Founding Fathers’ of blockchain, W. Scott Stornetta Ph.D., to the November show, expected to become one of the largest blockchain and DLT […]

BTCUSD Long-term Trend – Bearish   Distribution territories: $11,000.00, $12,000.00, $13,000.00. Accumulation territories: $6,000.00, $5,000.00, $4,000.00. Bitcoin has been continuously witnessing a downward slide against the US dollar this week. The last time that the pair made a slight high was on May 20. The bears have had a greater advantage on the market over […]

ETHUSD Medium-term Trend: Bullish Resistance: $435, $430, $425 Support: $405, $410, $415 The ETHUSD pair had a bearish outlook yesterday. The MACD line and the signal line were below the zero line. From the price action, Ethereum had a bearish view but it commenced a range bound movement. Today, price of Ethereum is in a […]

At its zenith in early January 2018, the total market cap for all cryptocurrencies stood at over $800 billion, according to data gathered by CoinMarketCap. This was certainly quite the feat, as the total market cap stood at around $18 billion just a year earlier. Though cryptocurrencies are well off their year to date highs, […]

BTCUSD Medium-term Trend: Bearish   Resistance: $8,500, $8,400, $8,300 Support: $7,900, $8,000, $8,100 Yesterday, May 15, the BTCUSD pair traded above the $8,500 price level and, at the same time, the bearish trend line was broken. Secondly, the candlestick also closed on the opposite of the trend line. The price action also showed that the price retouched […]

ETHUSD Medium-term Trend: Ranging Resistance: $760, $750, $740 Support: $700, $710, $720 Yesterday, May 14th the overall trend of Ethereum was bearish. The price of the asset had fallen from the highs of $830, $767 and $735 as per the bearish trend line. However, at the time of writing, the MACD line and the signal […]