Technical Analysis

DeFi Coin (DEFC) surged by over 175% last Wednesday alone, as the price rallied to $0.23 on Bitmart. On that day, the DeFi token jumped from a daily low of $0.08 to tap a high of $0.25, a jaw-dropping 300% single-day move. That said, DEFC did not stop there. Instead, the cryptocurrency surged by another 124% […]

Although the Binance coin may seem to be performing on a side-way market trend, yet, by the observation from the trend line, the price is falling slightly. Earlier this month the coin broke the support level of $380 and then rallied back towards $400. Then after this it broke the resistance of $400, it then fell to $358.18. […]

Amazon stock (NASDAQ:AMZN) is very bearish at the moment. The bearishness in the market is so overwhelming that it would be foolhardy to go long in this kind of market. Since December 2021, price has been trending steadily downwards while desperate bulls have been repeatedly trapped by transient, near-term rally attempts. Price is currently below […]

Microsoft Corporation shares (NASDAQ:MSFT) are strictly bearish. The market is choppy and ugly, not attractive to buyers. Most traders would be whipsawed here. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the right hand side of the […]

The price of XRPUSD has had several attempts to change direction to favour the bulls in April,  but the movement was short-lived. The Fibonacci retracement was measured at 0.65006 and the SMA at 0.6142, it seems like the price action is beginning to move below the SMA curve as it can be observed from the […]

GBP/USD price analysis, April 27, 2022 As at the time of writing this analysis, the price action is on a downtrend of 1.28321. It is quite a struggle between GBP/USD and the bear is having the upper hand over the bull. From the look of things, the price action is beginning to perform slightly below […]

Solana consolidates above $100 SOL/USD is in a downtrend Solana (SOL) Current Statistics The current price: $101.36 Market Capitalization: $51,901,058,136 Trading Volume: $1,876,922,199 Major supply zones: $280, $300, $320 Major demand zones: $160, $140, $120 Solana (SOL) Price Analysis April 18, 2022 Solana’s (SOL) price is in a downtrend as the cryptocurrency recovers above $100. Solana...

Updated: 25 April 2022 Bitcoin SV Price Analysis – April 25 Further increase in the bears’ pressure will decrease the price to break down the support level of $73 which may expose the price to $50 and $41 price level. In case the support level of $73 holds, the price may increase towards the resistance level […]

Barclays Plc stock (LSE:BARC) has been in a downtrend since November 2021. Even the rally that was seen in January 2022, has proven to be a temporary bullish effort in the context of a downtrend. The bearishness in the market should continue, as explained below. The ADX period 14 is not far from level 40, […]

Hsbc Holdings Plc shares (LSE:HSBA) are essentially bullish, though the current high is lower than the previous high above 550.00 that was seen in February 2022. That height of 550.00 would also be breached soon. The trend in the market is generally upbeat, in spite of the swing lows in the chart. Right now, price […]