Cryptocurrencies

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 […]

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 […]

BTCUSD Long-term Trend – Bearish   Distribution territories: $11,000.00, $12,000.00, $13,000.00. Accumulation territories: $7,000.00, $6,000.00, $5,000.00. Bitcoin has been consecutively witnessing bearish movements against the US dollar since the beginning of this week. Between May 5 and 6, the bulls were close to the distribution territory of $10,000.00 but were being slightly weakened...

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair trended downwards last week, testing the support line at 1.1850. Several attempts to breach the support line to the downside were not successful, and as such price bounced upwards by 100 pips from the line. The upwards bounce is seen as an […]

BTCUSD Long-term Trend – Bearish Distribution territories: $12,000.00, $13,000.00, $14,000.00. Accumulation territories: $8,000.00, $7,000.00, $6,000.00. In spite of lower highs than lower lows on the BTC/USD pair, the long-term trend chart has not been able to make a significant move away from a bearish outlook. On April 29, the pair declined a bit below the […]

Daily analysis of USD/CHF for May 7, 2018 USD/CHF This pair has normally been going upwards as EURUSD is going downwards. Price has gained over 800 pips since February 16 (it gained 130 pips last week). The great psychological level at 1.000 has eventually been reached and a lot of activity has started around that […]

ETHUSD Medium-term Trend: Bullish   Resistance: $760, $750, $740 Support: $690, $700, $710 The ETHUSD pair was in a ranging market yesterday. Price of the asset was ranging from the resistance level at $700 to the support level at $650. The MACD line and the signal line are below the zero line. Today, the ETHUSD […]