All three major US indices are testing a key support level as we speak. Can price hold these levels and bounce off?
On other note, Chinese Stocks, particularly tech companies, have also seen some strong gains the past two weeks. Does that mean we could be forming a bottom on the Chinese markets? View our analysis now!
DOT is coming up to test some key resistance levels at 37 and 40 respectively. If we manage to break and hold these two levels, the price will look incredibly bullish . That will lead a buy signal which could push price even higher.
What week for Bitcoin! Literally, the moment September ended, BTC started to shine! We're not up 37% in less than a week! Despite, the strong price action on Bitcoin, the rest of the market is lagging behind.
It's another interesting week so far for the markets. The S&P500, and particularly tech stocks have seen quite a bit of volatility the past over the past few weeks. Here are the key levels to keep an eye on!
Despite equities performing poorly this week, top cryptocurrencies have so far held major support. Bitcoin & Ethereum has been testing the major support level for over a week now. It's good to see that price didn't fall along with equities as the dollar rises.
Price saw a decisive breakout on September 1st, breaking the major resistance level at 575. We even saw a re-test back down at this level last week. Now, it looks like the price is resuming off to the upside again.
S&P500 is having a pretty bad day! We were down almost 2.5% at one point. Now, we're having a bit of a pullback taking us back above 4365, a key support level. Is this just a re-test or is more downside installed for us?
Here's our weekly analysis on US indexes. This week is already quite an action packed week with the markets selling off sharply on Monday. We also got FED meeting coming up later this week which can really spice things up!
As we enter into a new week, the S&P500 index is close to a crossroads. The main level to keep an eye on is 4365.00. A consolidation move below 4365.00 will be viewed as very bearish. On the other hand, if the price holds this support level, we could see buyers jumping back in.
Ethereum tested the major support level twice. So far we're holding! The major support area ranges between 3100-2900. As long as we hold this level, we're still looking bullish. On the other hand, a bearish breakout below 2900 will be viewed a very bearish.
What a week for crypto! After Charles Hoskinson announced that smart contracts are gonna be rolled out soon, PRICE JUMPED! In just two days we went up by as much as 28% and closed the two days gain at an impressive 23%. Although it looks like a breakout could happen we must see a re-test resume off! The key level to keep an eye on is defiantly the red line. If we...
It's been an impressive past two weeks for Ethereum. We tested and held the key support level at 1700 three times. After holding the support the third time on July 20, we're now up more than 85%! In which we saw a breakout at 3000. We went all the way to 3200 before a pullback. Although a rejection is possible, it looks like a re-test resume off is...
What a week for Bitcoin! We opened the week just slightly under 40k. Now we're trading at 43.8K and as high as 45.5k earlier today! Despite these decent gains this week, we're still trading below the 200 MA. Although there's a good chance we might close above it tonight, it looks like we're gonna get rejected at the time of this post. This should be an...
EURUSD has been trading sideways since July of 2020. Since then, the price seems to be forming a triangle pattern. In which, we're once again testing the support level of the pattern. There are two main scenarios here. We either see a bullish reversal to test the top end of the pattern or a bearish breakout to the downside.