Technical Analysis

BTCUSD Long-term Trend – Ranging   Distribution territories: $7,000, $8,000, $9,000. Accumulation territories: $5,500, $5,000, $4,500   The price of Bitcoin against the US dollar has been coming up and down in the last few trading sessions, still within its range’s boundaries. The cryptocurrency’s price rose northwards from around $6,325 to see a high of […]

XRPUSD Medium-term Trend: Bearish   Resistance Levels: $0.56, $0.58, $ 0.60 Support Levels: $0.50, $0.48, $0.46   Yesterday, the XRP price reached the upper level of price range which is the $0.60 price level. The crypto had been range bound between the levels of $0.50 and $0.60. XRPwas bearish after the crypto’s price was resisted […]

Koovs stock (LSE:KOOV) is a bear market. The bear market started after the huge upwards spike that was witnessed in June 2018. It turned out that the upwards spike cannot be sustained. Since then, price has been coming downwards gradually, and it is now consolidating in the context of a downtrend.   Price has recently […]

Gulf Keystone shares (LSE:GKP) had been going upwards for most past of the year. However, there has been an ongoing downwards correction which started in October 2018. The correction is still in place till now… 4 EMAs are used for this strategy, and they are EMAs 10, 20, 50 and 200. The color that stands […]

GOLD (XAUUSD) Dominant Bias: Bearish Gold is bearish is the long-term, but neutral in the short-term. Since April 2018, price has shed 20,000 pips, reaching a yearly low of 1159.00. However, price has been ranging since the yearly low was reached in August, as speculators await breakouts of the price. There have recently been wild […]

BTCUSD Long-term Trend – Ranging     Distribution territories: $7,500, $8,500, $9,500. Accumulation territories: $5,500, $5,000, $4,500     On September 5, bitcoin’s price declined and breach the $6,800 territory, which saw it go down to a $6,000 mark on October 10. The cryptocurrency’s recent high on October 15 saw it surge upwards once more, […]

XRPUSD Medium-term Trend: Ranging   Resistance Levels: $0.50, $0.52, $ 0.54 Support Levels: $0.40, $0.38, $0.36   The XRPUSD pair had been on a sideways trend.The price bars, the 12-day EMA and the 26-day EMA are horizontally flat indicating that the crypto is in a sideways trend. On October 30, the crypto’s price made a […]

ETHUSD Long-term Trend – Ranging   Distribution territories: $300, $400, $500. Accumulation territories: $150, $100, $50.   Over the past few days, Ethereum’s price has been maintaining a price range around the $200 territory, without having a lot of volatility to it.   The crypto’s traders weren’t able to push its price over said territory […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish EURUSD is in a bearish trend – which started about 2 weeks ago. Price went downwards by roughly 160 pips last week, having gone down by 250 pips since October 15. Further bearish movement is anticipated, that would move price towards the support lines […]

THESE 4 TRAITS WILL MAKE TRADERS SUCCESSFUL If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you’re not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it’s not. In decades of working with billionaire hedge fund […]