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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 […]

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 […]

Tlou Energy shares (LSE:TLOU) are a ranging market, which would preferably be called a lone ranger. The sideways movement will continue for some time, and it would eventually result in a serious breakout. Price made a bullish effort in January 2018, dropped precipitously in February, and began to consolidate. The market has been ranging since […]

Petrel Resources stock (LSE:PET) is not an attractive market at all, and investors are advised to stay away until there is a clear directional movement. The market is quite rough and choppy, having zigzagged so far (in the past few months). Price is currently above the EMA 21 (a false signal), and will go below […]

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...