About meI'm Mona Asasi, with nearly 8 years of experience in global financial markets. As a financial market analyst and trader, and also financial Mentor.
Bitcoin price set up an ascending parallel channel on a three-day time frame after connecting the three swing highs and three swing lows since January 13. The last two times BTC dropped lower, it tagged the 200 three-day Simple Moving Average (SMA) and bounced off aggressively.
Bitcoin price slowly descends below the 200 three-day SMA, indicating a lack of...
SOL/USDT 4-hour chart:
Solana price would face resistance at the 61.8% Fibonacci retracement level at nearly $175 and the 78.6% Fibonacci retracement level at $220 before the bulls attempt to reach the bullish target.
but, if a spike in sell orders occurs, Solana price will discover immediate support at the lower boundary of the governing technical pattern at...
ADA/USDT 4-hour chart
An additional headwind may appear at $1.49 before ADA tags the upper boundary of the governing technical pattern. If Cardano price breaks above $1.50, a 32% upswing toward $1.98 could be on the radar.
However, if selling pressure increases, Cardano price will discover immediate support at the 50 twelve-hour SMA at $1.33, then at the 38.2%...
Ethereum price gained pace above the $2,100 and $2,200 resistance levels against the US Dollar.
ETH price is now trading well above $2,100 and the 55 simple moving average (4-hours).
There is a major bullish trend line forming with support near $2,200 on the 4-hours chart .
The pair could either decline heavily or it might start a new increase...
Depending on the 200d MA, and considering the long Bull flag, and on the other hand, looking at the economic outlook and the state of inflation and US interest rates and Possible weakness of the dollar index, we can consider the main movement of gold as an uptrend until almost the end of 2022, or even a few months earlier, Gold could be traded in the range of...
because of the fact that the the US Federal Reserve will start unwinding one pandemic-facility program boosted the dollar amid further tightening coming in the near-term, Gold benefited from the broad dollar’s weakness and settled at $1,890 a troy ounce. XAU/USD has staged a recovery in response to weak Nonfarm Payrolls figures.
The Confluence Detector shows that...
