Technical analysis for Bitcoin
Technical analysis for Bitcoin
Bitcoin stays hopeful and continues to approach the level of $ 60,000.00. The breakdown of this level and updating the historical high will open the way to the next important
Forex Analysis & Reviews
Analysts of the Kraken crypto exchange: bitcoin will continue its growth to $ 90,000
New forecasts from the whales of the cryptocurrency market. More and more experts are inclined to the option of a correction and talk about overbought bitcoin.
Helpless bulls and the ban of the British bank HSBC to its customers to buy shares of MicroStrategy
The digital gold has resumed its growth, however, the bulls need to overcome the levels of $ 60,000 and $ 61,700.
What is next for Ripple's XRP?
XRP/USD has provided us a bullish signal after breaking the resistance of $1.06. This was noted in our last analysis with the cup and handle bullish pattern it had formed. Our target was $1.28-$1.33 and it has already been achieved and surpassed.
Bitcoin at major resistance close to providing new buy signal
Bitcoin was forming an inverted head and shoulders pattern as we explained in previous posts. Bulls need to break above the resistance at $59,000-$60,000 in order to activate the pattern. Yesterday price briefly broke out of resistance but soon after turned back below it. This false breakout is not.
Ethereum reaches our target from April 1st
On April 1st in our analysis we noted that our next target is $2,200 for Ethereum as price was recapturing $1,900. Yesterday price reached $1,197 just $3 from our target. Ethereum remains in bullish trend as price continues making higher highs and higher lows.
Litcoin confirms our bullish setup and makes new higher highs
In our previous analysis we noted that the back test after the triangle breakout in LTC/USD would be a bullish sign if prices bounced off the upper triangle boundary. Price is now trading at $259 having broken the $244 high made after the triangle break out.
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GBP/USD. Preview of the new week. Inflation in America may rise to 2.5%-2.6% y/y.
"Thanks" to the Fed's stimulus and trillions of dollars from the US government, inflation could jump to 2.5% in March. And this is far from the limit.
The attitude of institutional investors has changed dramatically to bitcoin
"Digital gold" has resumed its growth, however, the bulls now need to overcome the level of $ 61,700, which is the last local high.
Gold price finds it difficult to break above $1,755-60 horizontal resistance
Gold bulls have managed to recapture the $1,720-40 level and this was an important win for them in the battle to approach $1,800 again. Price has now stopped and has showed rejection signs at the horizontal resistance of $1,755-60.
Short-term bullish channel remains intact in EURUSD
EURUSD is trading around 1.19 and despite being a positive week, there seems to be no profit taking by bulls. This could be bullish for next week as price continues to trade inside the short-term bullish channel.
USDCAD rejected at resistance
USDCAD is still inside the medium-term downward sloping wedge pattern. Price got rejected this week at the upper wedge boundary and resistance at 1.26 and is now trading at 1.2532. Price is vulnerable to a move towards the lower wedge boundary as long as price trades below 1.26-1.2650.
XRP/USD forms a cup and handle bullish pattern
XRP/USD is trading around $1. Price has formed a cup and handle bullish pattern. Now we are in the handle phase of the pattern and if price breaks above $1.06 we will have the activation of this pattern.
April 9, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
Short-term outlook has turned into bearish after the GBP/USD pair could maintain movement below the price zone of 1.3820-1.3900 which corresponded to (61.8%-50%) Fibonacci zone.
The recent bullish trial for retesting should have given a valid SELL Entry as suggested in previous article.
April 9, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Around 1.1690, a high probability bullish trade could be taken around it, a bullish pullback should be expected towards 1.1850.
The current bullish pullback towards the price zone of 1.1850-1.1880 should be considered for bearish rejection and a valid SELL ENTRY.
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