Insights from Learn2.trade

[analyst75 12]

EURJPY Hovers Past Mid 129.00 Level As EURO Limits Losses After ECB

EURJPY Price Analysis – July 27

The EURJPY cross stays on track to recover the prior day’s loss after a rebound from the mid 129.00 level during Friday’s European session. The selling pressure in the yen keeps the recovery in EURJPY well and sound at the FX market weekly close. The ECB meeting has helped investors maintain an optimistic outlook on the EURO.

Key Levels
Resistance Levels: 132.00, 131.00, 130.00
Support Levels: 129.02, 128.00, 127.07
EURJPY Long term Trend: RangingIn a broader sense, a rise from level 121.61 is considered as a medium to long-term rising phase inside a long-term sideways trend. A further gain is expected as long as the weekly low at 128.59 support level holds.

On the other side, a drop beneath the level at 128.59 weekly low may reveal the 128.21-128.29 range (monthly low-levels Mar.2021) and then level 128.00. Even so, the continuous breach of the 128.00 level may imply that growth has been accomplished from the 121.61 level, refocusing attention on this low.
EURJPY Short term Trend: Ranging
At the moment the intraday bias in EURJPY remains slightly to the downside. The present rally may aim for a sustained rebound from 128.59 to 131.00 levels. To suggest short-term topping, a breach of 128.50 support level is necessary on the downside. Alternatively, forecast in the event of a retreat may stay bullish.

Nonetheless, a clear breach might see resistance next at the 131.27 level. Near-term support shifts to level 129.02, then level 129.62 which typically holds higher for retaining the initial risk. A breach may see a reversal to level 128.59 but with anticipated fresh buyers below.

Source: https://learn2.trade 

[analyst75 12]

GBP/JPY Continues Downward Move, Trades at the Overbought Region at Level 152.00

Key Resistance Levels: 150.000, 152.000, 154.000
Key Support Levels: 146.000, 144.000, 142.000

GBP/JPY Price Long-term Trend: Bearish
GBP/JPY pair is in a downtrend. The currency price is making a series of lower highs and lower lows. Today, the pair is approaching the overbought region at level 152.06. The selling pressure will resume in the overbought region. Meanwhile, on June 21 downtrend; a retraced candle body tested the 38.2 % retracement level. The retracement indicates that the Pound will fall to level 2.618 Fibonacci extension or level 143.37.

GBP/JPY – Daily Chart

Daily Chart Indicators Reading:
The pair is at level 47 of the Relative Strength Index period 14. This indicates that the pair is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping downward. The price bars are below the SMAs which indicates further downside.

GBP/JPY Medium-term Trend: Bearish
On the 4-hour chart, the pair is in a downward move. The pair is presently trading in the overbought region of the market. Meanwhile, on July 8 downtrend; a retraced candle body tested the 38.2 % retracement level. The retracement indicates that the Pound will fall to level 2.618 Fibonacci extension or level 145.37.

GBP/JPY – 4 Hour Chart

4-hour Chart Indicators Reading
The currency pair is above the 80% range of the daily stochastic. It indicates that the pair is in the overbought region of the market. The pair has been trading in the overbought region for the past three days. Sellers are likely to emerge in the overbought region to push prices down.

General Outlook for GBP/JPY
The GBP/JPY pair is in a downward move. The market is currently in the overbought region. The pair will soon resume selling pressure as the pair faces rejection at the recent high. According to the Fibonacci tool, the pair will reach the low of level 145.37.

 

Source: https://learn2.trade 

[analyst75 12]

DeFi Coin (DEFC) Consolidates for a Stronger Hold Higher

DeFi Coin (DEFC) Price Analysis – August 2

After last month’s fall paused on the approach to daily cloud base and subsequent positive finish, the DEFC continues to consolidate its position in early August as recovery sustains, buyers are adding additional evidence to cement reversal. On July 31, the team said it will lock in DeFi Coin Liquidity for a one-year contract within 72 hours. Locking liquidity not only protects trade volume but also demonstrates a commitment to the DeFi Coin Protocol.

Key Levels
Supply Levels: $2.186, $1.500, $1.277
Demand Levels: $0.661, $0.500, $0.075
DeFi Coin (DEFC) 12-Hour Chart: Ranging
The DeFi Coin (DEFC) will most likely rebound from the ascending trendline support around the $0.833 level before recovering to the $1.277 resistance level, according to the price most likely scenario. Alternatively, until a new fundamental catalyst arises to prompt a range breach, the DEFC could remain range-bound between $0.661 and $1.277.

However, the positive relative strength index (RSI) price divergence in the coin is still extending up to $1.500. This raises the probability of the coin rallying to rise in the medium run. A notable entry for the DEFC will be on a bounce off the ascending trendline at $0.833 or on a reach of the horizontal support level at $0.661 if a short decline occurs.

Source: https://learn2.trade 

[analyst75 12]

XAGUSD Attempt at Further Recovery Stays Beneath $26.00

XAGUSD Price Analysis – August 1

Silver has made another attempt to climb higher and has recouped some of its previous losses, but the XAGUSD pair still has a long way to go before the buyers are secure. As buyers observe the gap between central banks and mixed greenback over its peers during times of heightened risk aversion, Silver stays beneath $26.00.

Key Levels
Resistance Levels: $27.50, $26.75, $26.00
Support Levels: $25.00, $24.50, $24.00
XAGUSD Long term Trend: Ranging
On the daily chart, the main resistance levels to watch are $26.00 and $26.75 levels, which have restricted its upside since early July. The recent low level around the daily ascending trendline at $24.50 should provide instant support in the case of an unforeseen downturn.

If the $26.00 and $26.75 barrier fails to hold, silver prices may be ready to move further in the medium to long term. The market action has generally been consolidating beneath the $26.00 levels during the last few days. A steady rise towards the February 1 highs could be feasible if it breaks above the $27.50 mark.
XAGUSD Short term Trend: Ranging
On the 4-hour chart, silver appears to be constrained by a big technical hurdle at $25.80. If the barrier holds, XAGUSD is anticipated to find support near the $25.30 level, slowing the bears and expanding gains against the US Dollar in the short term, thanks to the 4-hour moving average of 13.

In the meantime, bears are unlikely to win the market. The upward range between $26.00 and $26.75 might be a potential upside goal. A persistent break below, on the other hand, could signal bullish exhaustion, putting the pair at risk of breaching the major $25.00 psychological mark.

 

Source: https://learn2.trade 

[analyst75 12]

Gold (XAUUSD) Consolidates Above $1,720, Further Selling Pressure Is Likely

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bearish
Gold price is in a downward move. On August 9, the XAUUSD fell to $1,677 low and corrected upward. Today, the market has risen to a level $1,756 and a further upward correction. Meanwhile, on June 17 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Gold will fall to level 1.618 Fibonacci extension or level $1,652.86. From the price action, the market is correcting upward to $1,755.

XAUUSD – Daily Chart

Daily Chart Indicators Reading:
The market has fallen to level 37 of the Relative Strength Index period 14. It indicates that Gold is in the downtrend zone and capable of falling on the downside. The 21-day SMA and 50-day SMA are sloping downward indicating the downtrend.

Gold (XAUUSD) Medium-term bias: Bearish
On the 4 hour chart, the Gold price has fallen and it is in a downward correction. Gold price is fluctuating between $1,720 and $1,780. XAUUSD is trading in the overbought region of the market. There is the likelihood of further downward movement of the Gold.

XAUUSD – 4 Hour Chart

4-hour Chart Indicators Reading
Gold is above the 80% range of the daily stochastic. It indicates that the market has reached the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.

General Outlook for Gold (XAUUSD)
XAUUSD price is in a downward move. Today, the price is correcting upward for a possible rejection at the recent high. According to the Fibonacci tool, Gold will further decline to the low of level $1,652.86.

 

Source: https://learn2.trade 

[analyst75 12]

USDCHF Slide Poised To Remain, Swissy Gains From Safe-Haven Status

USDCHF Price Analysis – August 24

During Tuesday’s European trading hours, the USDCHF maintain its decline and struck a low of 0.9117 after sliding from the prior day’s high of approximately 0.9178. Amid concerns about the coronavirus and a resurgence in the global economy, the Swiss franc gains on its safe-haven status. At the time of this post, USDCHF is trading at 0.9129.

Key Levels
Resistance Levels: 0.9240, 0.9200, 0.9150
Support Levels: 0.9080, 0.9050, 0.9000
USDCHF Long term Trend: Ranging
On the daily chart’s technical front, a clean break out of the 0.9117 low level could hasten the downturn. Take note of the 0.9018 low of August. If the price falls below 0.9117, the recent low of 0.9018 will be reached. The 0.9000 support zone is guarded by the latest low of 0.9018. To bring volume to the lows of the 0.9018/0.9000 zone, a fall at 0.9117 is required.

However, there are no obvious indicators of completion at this time. The next objective is the anticipated return from 0.9117 to 0.9150 when high-volume trading resumes. A big breakthrough of the 0.9170 resistance level, on the other hand, would be an early indication of a trend reversal and might bring attention to the 0.9200 upside zone.
USDCHF Short term Trend: Ranging
The intraday slope of the USDCHF remains in a range, implying a retest of the 0.9018 bottoms. A break of the minor barrier around 0.9150, on the other hand, would shift short-term expectations and neutralize intraday bias once more. Meanwhile, in order to resume consolidation and enter a new phase of expansion the intraday bias will be dragged back to 0.9200.

The downward slopes of the 5 and 13 moving averages, which are also in a bearish slide, provide additional support for recent near-term forecasts. The RSI is declining, and the short-term picture remains skewed towards August lows, with a breach below this level reinforcing bearish fears.

Source: https://learn2.trade 

[analyst75 12]

EURCHF Keeps Retesting Zones as It Continues to Range

EURCHF Price Analysis ­– August 24

EURCHF keeps retesting between the 1.0070 resistance key level and the 1.0700 support level. The market has been kept back by its bearish trend. This is due to price rejection between the two key zones. The EURCHF market has been battling to continue its bearish trend and has been retesting. Price is anticipated to gain a little bullish momentum as it maintains its accumulation level.

EURCHF Significant Zones

Resistance levels: 1.07700, 1.09050
Support levels: 1.07000, 1.08350

EURCHF Long Term Trend: Ranging

The market began to tumble and move in a bearish trend after a retesting of the 1.0905 resistance key level. After accumulating between the 1.08350 and 1.07700 key levels, this trend gained strength. Following that, the price breaks out in a bearish direction. There appears to be a pullback as the market begins to retest the key level of 1.0770. Several price rejections have occurred near this key level. Because of the price accumulation around this level, the EURCHF price may either gain more bullish strength or continue in its bearish direction.

However, the market has maintained a significant range between the 1.07700 resistance level and the 1.0700 support level. Price will continue to accumulate before a breakout can occur. The stochastic Oscillator on the daily chart gives a cross around the 50 level. This indicates market indecision as its ranges. This demonstrates that neither the bears nor the bulls were willing to make a decisive move lower or higher as the market continued to range, retesting key levels.

EURCHF Short Term Trend: Ranging

On the 4-hour chart, the market is still in a range and retesting key levels. As more dots are displayed on the Parabolic SAR (Stop and Reverse). This indicates a bearish continuation. The Stochastic Oscillator indicates an oversold condition, indicating that the market is likely to reverse near 1.07700. This reversal could be a retest of the key resistance level of 1.07700 or a break above it.
 

Source: https://learn2.trade 

[analyst75 12]

Bitcoin SV Price Pulls Back to Gather Momentum for Bullish Trend

Bitcoin SV Price Analysis – August 30

The price may break up the barrier at $185 level and the key resistance level at $217 may be tested when the bulls increase their momentum, further increase may push it to $233. Price may reduce to the support level of $148 and it may continue to the support level of $101 and $73 in case the bears oppose the bulls at $185 level.

Key Levels:

Resistance levels: $185, $217, $233

Support levels: $148, $101, $73

BSV/USD Long-term Trend: Bullish

On the daily chart, Bitcoin SV is bullish. The Bitcoin SV experienced a pullback towards the dynamic support level last week when it tested the resistance level of $185. The bulls are waking up again and the bullish momentum is restoring in to the BSV market. Yesterday, the price increased to test the previous high at $185 but later pull back. There is tendency that the price may increase further above $185 level.

BSVUSD Daily chart, August 30

The fast moving EMA remains above the slow moving EMA and Bitcoin SV is trading above the 9 periods EMA and 21 periods EMA on the daily chart as a sign of bullish trend. The price may break up the barrier at $185 level and the key resistance level at $217 may be tested when the bulls increase their momentum, further increase may push it to $233. Price may reduce to the support level of $148 and it may continue to the support level of $101 and $73 in case the bears oppose the bulls at $185 level. The Relative Strength Index (14) is at 60 levels with the signal line pointing up to indicate buy signal.

BSV/USD Medium-term Trend: Bullish

Bitcoin SV is bullish on the 4 hour chart. The former resistance level of $148 is broken up and turned to support level. The buyers pushed up the price to test the resistance level of $185. The mentioned resistance level is yet to be broken up. The price is currently ranging within $185 and $148 levels.

BSVUSD 4-hour chart, August 30
 

Source: https://learn2.trade 

                 

[analyst75 12]

Bitcoin Cash (BCH) In a Sideways Move, Faces Rejection at $715

Key Highlights
BCH targets the high of $804
BCH/USD faces strong rejection at level $700

Bitcoin Cash (BCH) Current Statistics
The current price: $648.50
Market Capitalization: $13,457,887,724
Trading Volume: $2,976,721,816
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis August 30, 2021
Bitcoin Cash (BCH) has fallen to $648.67 low. Since August 16, BCH has been in a downward correction after the uptrend was stalled at level $715. Buyers have retested the resistance zones thrice but could not break above the recent high. Yesterday, BCH was repelled as the altcoin dropped to $641 low. BCH will rally above $800 if buyers overcome the $715 resistance. Today, BCH has fallen to the support above 21-day SMA. The market will resume upward if the support holds.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The altcoin is at level 54 of the Relative Strength Index period 14. It indicates that the crypto is in the bullish trend zone and above the centerline 50. BCH is above the 21-day SMA. A break below the 21-day SMA will cause the altcoin to resume a downward move. The 21-day and 50-day SMAs are pointing northward indicating the uptrend.

Conclusion
Following the recent breakdown, BCH is likely to resume an upward move. Meanwhile, on the August 29 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that BCH will rise to level 2.618 Fibonacci extensions or level $ 804.21.

BCH/USD – 4 Hour Chart
 

Source: https://learn2.trade 

                 

[analyst75 12]

XAGUSD Surges on Dismal US Jobs Report Amid Depressed Dollar

XAGUSD Price Analysis – September 5

Silver (XAG) is up 3.90 percent from the last session, assisted by the dismal NFP report, which came in below forecasts. XAGUSD reached $24.87, its highest level in a month, as per the technical analysis. The dollar stays depressed overall, extending weekly losses.

Key Levels
Resistance Levels: $26.00, $25.50, $25.00
Support Levels: $23.50, $22.87, $21.89
XAGUSD Long term Trend: Ranging
Long-term and mid-term bias is optimistic, and a climb towards $25.00 is expected if the broken $24.50 barrier level remains as support. On the other side, a break and closure below $24.50 would bring the $24.00 level back into focus. The pair is ranging and may go either way this week.

On the contrary, we’ll anticipate more downside below $24.50, with objectives of $24.00 and $23.50 on dollar’s strength. From a technical standpoint, a breakout south might happen in the next several trading days. In this instance, the XAGUSD exchange rate might find support at 23.50 percent and $23.00.
XAGUSD Short term Trend: Ranging
The recent breakout past $24.50 is expected to last through the coming trading sessions from a technical standpoint. In this case, the horizontal support level of $24.00 could provide support to the XAGUSD exchange rate in case of a retracement. The RSI stays overbought in the short term.

The pair is expected to find initial support at $24.50, however, further breach lower may go with a slide through taking it to the next support level of $24.00. On the positive, the pair is expected to hit its first level of resistance around $25.00, with a spike through taking it to $25.50.

Source: https://learn2.trade 

[analyst75 12]

Gold (XAUUSD) Is in a Downward Correction, Struggles Below $1.830 Resistance

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Ranging
Gold (XAUUSD) is in a downward correction after its rejection at the high of level $1,900. Today, the Gold is rising after falling to the low of $1,782. The upward move will be accelerated if price breaks above the moving averages. Besides, the uptrend is hampered at the resistance at $1,830. Previous price actions have been facing rejection at the $1,830 high. Meanwhile, on September 3 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise to level 1.272 Fibonacci extension or level $1,877.12.

XAUUSD – Daily Chart

Daily Chart Indicators Reading:
Gold is at level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend.

Gold (XAUUSD) Medium-term bias: Bullish
On the 4 hour chart, the market has fallen to its low at $1,783 as bulls buy the dips. Gold price corrected upward to the high of $1,801 but faces rejection. Meanwhile, on September 9 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Gold will rise to level 2.0 Fibonacci extension or level $1,816.87.

XAUUSD – 4 Hour Chart

4-hour Chart Indicators Reading
Gold is above the 50% range of the daily stochastic. It indicates that the market is in bullish momentum. Gold price is rising marginally. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Gold (XAUUSD)
XAUUSD’s price is a downward correction. Gold price is attempting to break above the moving averages. A break above the moving averages will accelerate the upward move. Buyers have two hurdles to jump over. The bulls will have to break above the moving average and clear the resistance at $1,830.
 

Source: https://learn2.trade 

[analyst75 12]

AUDJPY Faces the 80.760 Support Level in Its Downtrend

AUDJPY Price Analysis – September 13

AUDJPY faces the 80.760 key level as it slips downward. The market began an uptrend after price beat a retreat at the 78.200 support level. The market kept climbing upward till it reached 82.090, at which point the market was knocked down. On its way downward, however, AUDJPY now faces the 80.760 key level which is preventing it from falling further.

AUDJPY Important Zones

Resistance Zones: 81.500, 82.090, 82.900
Support Zones: 78.200, 79.460, 80.760

AUDJPY Long Term Trend: Bearish

The AUDJPY market for the past 3 months can generally be described as bearish. This is because, since the 16th of June 2021, price has been falling. Bears faced a confrontation in the fall, majorly at 82.900 and then at 80.760. However, when the market fell to 79.200 on the 19th of August, the downtrend was reversed and price began a fresh uptrend. The market grew 5.27% to reach 82.090, where AUDJPY met brutal resistance and started plunging again.

AUDJPY now faces the 80.760 key level again. The last time the price fell to this level, it took about 20 days to recover. The MA period 10 (Moving Average) has shifted to the top of the latest daily candle to push it further down. The Moving Average Convergence Divergence (MACD) is showing decreasing bullish histogram bars and its lines are converging towards the zero level. These emphasize the weight of bearish pressure in the market. But the 80.760 level will fancy its chances of keeping price up.

AUDJPY Short Term Trend: Ranging

AUDJPY 4-hour timeframe reveals that price has begun a ranging pattern below the 81.500 key level as 80.760 has been defending price. The MA period 10 remains above the 4-hours candlesticks, which is a sign of continuous market depression. The MACD Histogram has been all bearish since the 6th of September. Moreso, its lines are about to cross beneath the zero level. This shows that there is a tendency for the market to break lower from the 80.760 key level. When this happens, the price will fall to 80.100.

 

Source: https://learn2.trade 

                 

Edited September 15, 2021 by analyst75

[analyst75 12]

GBP/USD Is in Sideways Move, Battles Resistance at Level 1.4000

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

GBP/USD Price Long-term Trend: Ranging
Since September 3, GBP/USD is stuck at level 1.3891. The bulls have made three attempts to break the resistance at the recent high but to no avail. On September 3, the currency pair was repelled as it fell to 1.3726 low. The bulls bought the dips as the pair resumed an upward move. However, if the bulls break the overhead resistance, the pair will rise above level 1.4000. Meanwhile, on September 3 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Pound is likely to rise to level 1.618 Fibonacci extensions or level 1.4069.

GBP/USD – Daily Chart

Daily Chart Indicators Reading:
The currency pair is at level 56 of the Relative Strength period 14. It implies that the pair is in the uptrend zone and above the centerline 50. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move. The pair is stuck below level 1.3891

GBP/USD Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an uptrend. The upward move is repelled at the resistance of 1.3888. In the second uptrend, the pair is still facing rejection at the 1.3900 resistance zone. Meanwhile, on the September 10 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Pound is likely to rise to level 2.618 Fibonacci extensions or level 1.4188.

GBP/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The pair is above the 75% range of the daily stochastic. The market is in bullish momentum. It is approaching the oversold region. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for GBP/USD
Since July, GBP/USD has been in a range-bound move below level 1.4000. The pair has failed to break above the overhead resistance as the market continues range-bound movement below the resistance. The uptrend will resume if the overhead resistance is breached. According to the Fibonacci tool, the pound is likely to rise to level 1.618 Fibonacci extensions or level 1.4069.

 

Source: https://learn2.trade 

                 

[analyst75 12]

Ethereum price breaks moving averages resumes downward
Ether targets the low of $2,082

Key Highlights

Ethereum ETH) Current Statistics
The current price: $2,908.05
Market Capitalization: $341,770,388,786
Trading Volume: $28,141,190,537
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis September 22, 2021
Ethereum’s (ETH) price has fallen below the moving averages suggesting a further downward movement of the crypto. The bears have also broken below the previous low at $3,026 to another low of $2,656. As the biggest altcoin falls below the previous low, further downsides are likely. Meanwhile, on September 7 downtrend; a retraced candle body tested the 50 % Fibonacci retracement level. The retracement indicates that Ether will fall to level 2.0 Fibonacci extension or level $2,082.71.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
The crypto’s price is now below the moving averages which suggest that Ether is in the bearish trend zone. The altcoin is capable of falling in the bearish trend zone. Ether is at level 40 of the Relative Strength index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The coin is above the 20% range of the daily stochastic. It indicates that the market is in the bullish trend zone.

Conclusion
Ethereum is likely to further decline as price breaks below the previous low at level $3,026. Nevertheless, the Fibonacci tool has further indicated a downward move to level 2.0 Fibonacci extension.

ETH/USD – 4 Hour Chart

 

Source: https://learn2.trade 

[analyst75 12]

Amid the bearish charge witnessed in Bitcoin (BTC) on Monday, El Salvador President Nayib Bukele revealed that the country bought the dip. El Salvador’s Bitcoin Law went into effect on September 7, making it the first sovereign nation to adopt the flagship cryptocurrency as legal tender.

President Bukele announced via Twitter that his government acquired an additional 150 BTC with the dip. He tweeted that:

“We just bought the dip. 150 new coins! El Salvador now holds 700 coins.

They can never beat you if you buy the dips. Presidential advice.”

BTC traded around $45,000 when Bukele made the announcement yesterday. However, the cryptocurrency has since dropped to the lower-$40,000 area, according to data from TradingView.

Meanwhile, ATM tracking website Coinatmradar.com recently revealed that the North American nation now has 205 crypto ATM locations, the third-largest by a country (behind the US and Canada).

The launch of the Chivo wallet, the country’s official crypto wallet, started with a rocky start. However, Bukele has assured that the Chivo app now operates in optimal capacity. Reports show that the full adoption of the Chivo app could cost remittance providers like Moneygram and Western Union over $400 million per annum.

Last Friday, Bukele tweeted that about 1.1 million Salvadorans now use the Chivo wallet, adding that: “we haven’t enabled 65% of phone models yet.”

Key Bitcoin Levels to Watch — September 21

BTC has fallen to a new monthly low of $40,140 following the industry-wide crash. The benchmark cryptocurrency now struggles to pick itself up and back to recent highs. Already, Bitcoin is on track to post a red monthly candle for September as it always has since it went mainstream.

BTCUSD – 4-Hour Chart

That said, we expect a steady rebound above the $44,000 mark and higher over the coming hours. Nonetheless, we could see a retest of the $41,000 mark if bulls fail to reclaim the $44,000 level soon.

Meanwhile, our resistance levels are at $44,000, $44,400, and $45,000, and our key support levels are at $43,000, $42,000, and $41,000.

Total Market Capitalization: $2.02 trillion

Bitcoin Market Capitalization: $816 billion

Bitcoin Dominance: 42.4%

Market Rank: #1
 

Source: https://learn2.trade 

[analyst75 12]

BITCOIN PRICE ANALYSIS: LONG-TERM HOLDERS REMAIN UNSHAKEN BY PRICE ACTIONBITCOIN PRICE ANALYSIS: LONG-TERM HOLDERS REMAIN UNSHAKEN BY PRICE ACTION

Azeez Mustapha

14 October 2021 | Updated: 14 October 2021

New reports from Glassnode show that despite the recent price surge in Bitcoin (BTC), long-term holders have shown no intention to liquidate and realize profits yet. The blockchain analytics provider also revealed that the percentage of BTC supply held for at least three months reached 85%, a new all-time high.

Citing data from Glassnode, famous Chinese crypto analyst Colin Wu illustrated the recent behavior of Bitcoin holders and their attitude towards the benchmark cryptocurrency. The analyst detailed that the percentage of long-term holders that have not moved their coins in over ten years stands at 12.3%. These tokens are deemed dormant for this reason.

The analyst further noted that the percentage of long-term holders that have not transferred their coins between two to three years and three to five years stands at 10% and 12.26%, respectively.

Finally, the highest percentage of long-term holders were those who have refused to move their coins between the last six months to twelve months, standing at 19.5%. That said, 85.14% of BTCs have not exchanged hands for at least three months, a new record high.

In July, Bitcoin struggled to keep its head above the $30,000 mark. Today, it has almost doubled this number, but investors remain steadfast in holding their coins.

Key Bitcoin Levels to Watch — October 14

As predicted in our previous analysis, BTC witnessed a sharp correction to the $55,000 – $54,000 pivot axis from the $57,500 level over the last 48 hours. This correction found immediate support from the $54,000 level, which triggered a rebound to a new five-month high at $58,500 earlier today.

BTCUSD – 4-Hour Chart

While the price currently rests around $57,500, we expect a bull run to the $59,000 resistance over the coming hours and days.

Meanwhile, our resistance levels are at $58,000, $59,000, and $60,000, and our key support levels are at $56,700, $56,000, and $55,000.

Total Market Capitalization: $2.40 trillion

Bitcoin Market Capitalization: $1.07 trillion

Bitcoin Dominance: 44.9%

Market Rank: #1

Source: https://learn2.trade 

[analyst75 12]

XAGUSD Price Analysis – October 19

Silver (XAG) positive fortunes faded around the $23.50 mark, with the price erasing its most recent thrilling bounce above the moving average of 13. During the Monday session, the commodity rose slightly and was last seen lingering near day highs in the $23.22 -$23.40 range.

Key Levels
Resistance Levels: $24.50, $24.00, $23.50
Support Levels: $22.87, $22.10, $21. 42
XAGUSD Long term Trend: Ranging
Today, the white metal has struggled and it’s unable to break above the top range of the surge around $23.50, it is currently trading in the red at $23.22 per ounce. Beyond the $23.50 mark, the bulls may regain a stronger grasp.

The XAGUSD pair is held by the rebound trend and the trend may remain in a recovery mode. A closing above today’s upper range, currently at $23.45, might signal a low rebound from the $21.42 level continuation of the rally that began in late September, paving the way for a break beyond the $23.50 barrier.
XAGUSD Short term Trend: Ranging
Silver (XAG) has a greater range on the 4-hour time frame from late September lows at a level of $21.42, suggesting potential upside. As a result, the metal continues to climb. It has already broken through the previous high of $23.00, signaling that the next upward phase is underway.

The pair is expected to find support at $22.87, and a break of that level might take it to the next level of $22.10 support. The pair is expected to hit its initial critical resistance around $23.50, with a break taking it to the next level of resistance at $24.00.

 

Source: https://learn2.trade 

[analyst75 12]

GOLD (XAUUSD) REBOUNDS ABOVE $1,757 SUPPORT, RESUMES UPTREND

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Ranging
On October 13, the Gold (XAUUSD) price broke above the moving averages and retested the 50-day SMA. This is an indication that the market is likely to rise on the upside. The uptrend is likely to resume on the upside after retesting the 50-day SMA. The market will rise to retest the $1,820 overhead resistance. XAUUSD will have an accelerated price movement if the resistance is breached. Gold price will retest the previous high of $1,920. On the other hand, the range-bound move will continue if Gold faces rejection at $1,820 resistance.

XAUUSD – Daily Chart

  Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend. Gold is at level 53 of the Relative Strength Index period 14. Gold is in the uptrend zone and above the centerline 50. Gold is capable of rising on the upside.

Gold (XAUUSD) Medium-term bias: Bullish
On the 4 hour chart, the Gold price rebounded above $1,757 support and rallied to the high of $1,800. The market has reached the overbought region of the market. Sellers have emerged to push prices down. Meanwhile, on October 13 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Gold will rise to level 1.618 Fibonacci extension or $1,818.70 .

XAUUSD – 4 Hour Chart

4-hour Chart Indicators Reading
Gold is below the 80% range of the daily stochastic. It is in a bearish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price has resumed an uptrend after breaking above the moving averages. The current uptrend is likely to reach a high of $1,820.Gold may face another rejection at the $1,820 resistance.
 

Source: https://learn2.trade 

[analyst75 12]

AUDUSD RISES PAST 0.7550 DESPITE RISING US T-BOND YIELDS

AUDUSD Price Analysis – October 28

The AUDUSD trades higher at 0.7554 at the time of writing, up 0.50 percent during the American session. In the near term, the pair could drop lower but it remains a buy on dips. The US Dollar Index, which gauges the performance of the greenback, falls 0.6 percent to 93.30, despite rising US T-bond yields, with the 10-year benchmark note climbing three basis points to 1.561 percent.

Key Levels
Resistance Levels: 0.7800, 0.7700, 0.7600
Support Levels: 0.7450, 0.7350, 0.7220
AUDUSD Long term Trend: Ranging
On the daily AUDUSD chart, we can see that the moving averages of 5 and 13 are beneath the price, which provides support. Bulls are also keeping an eye on the latest 0.7555-level high for a possible upward breakout. In terms of technical analysis, a simple split beyond favors bulls continuing north.

Relative Strength Index circumstances, on the other hand, may pose a challenge to the bulls after that due to overbought conditions. On the downside, the pair’s losses below 0.7478 may recall sellers targeting 0.7450 support convergence as of mid-July, which included moving averages 5 and 13 with horizontal support.
AUDUSD Short term Trend: Bullish
On the 4-hour chart of the AUDUSD, the upside rally continues, and the intraday bias is initially bullish. A breach of the 0.7478 support level could imply short-term topping, given the situation of bearish divergence in the short term RSI and price.

To resolve the full 0.7170 level increase pattern, the intraday bias for the 0.7450 support level will be returned to the downside in this scenario. However, if the resistance level of 0.7550 is sustained, the growth could accelerate to 0.7600.

Source: https://learn2.trade 

[analyst75 12]

USDJPY LOOKING FORWARD TO A BULLISH RIDE AFTER ACCUMULATION

USDJPY Analysis – Price Is Looking Forward to a Bullish Ride at the 113.400 Significant Level

USDJPY is looking forward to a bullish ride after several accumulations at a significant price level of 113.400. Market accumulation proceeded due to price action seeking to give both the buyers and sellers their positions in the market. Furthermore, as the buyers are always looking forward to pushing the price upward, the bears try to hold positions by accumulating at a significant price level before distribution occurs.

USDJPY Price Levels

Resistance Key Level: 113.409, 112.200
Support Key Level: 110.800, 109.100

USDJPY Long Term Trend: Bullish

As a result of the price increase, the USDJPY is projected to sustain its bullish ride. After a period of price accumulation between the significant price levels of 110.800 and 109.100, the market bulls took control. However, the more the accumulation, the more the market will finally allocate in a particular manner. After a protracted period of consolidation, the price was finally dispersed, and the bulls took control. The buyers then ride for a little longer, breaking over the significant price mark of 110.800, which they then retested before continuing.

The USDJPY gathered steam and eventually broke past the 113.400 significant price mark. This level, however, has been retested, and the price is thought to be accumulating at this extremely important level. As the momentum builds, pricing is expected to take a stronger positive turn. The Momentum indicator shows price movement diminishing, which indicates the price movement accumulation level.

USDJPY Long Term Trend: Bullish

On the 4-hour chart, the market has gained enough momentum to rally the price upward. However, above the 113.400 price level, the bulls and the bears are still holding on to their positions. The price is expected to move above this accumulation phase and bounce up. The Parabolic SAR (Stop and Reverse) shows price movement in range as both bulls and bears are holding their positions. USDJPY is therefore looking forward to a bullish ride when the momentum increases.

Source: https://learn2.trade 

[analyst75 12]

DOGECOIN (DOGE) DECLINES ON THE DOWNSIDE, REVISITS BREAKOUT LEVEL AT $0.23

DOGE/USD Long-term Trend: Bullish
Since October 29, Dogecoin’s (DOGE) price has been in a downward move. On October 28, the cryptocurrency was in a vertical rally as it reached the high of $0.34. DOGE price was resisted as the altcoin tested the previous resistance zone at $0.34. The market has declined to $0.26 low or above the 21-day SMA. Dogecoin will further decline on the downside if these levels are breached. On the other hand, if the 21-day SMA holds, buyers will recoup above the current support and resume a new uptrend.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price has fallen to level 52 of the Relative Strength Index period 14. Despite the retracement, the altcoin is trading in the bullish trend and it is above the centerline 50. The crypto’s price is above the moving averages and it is retesting the 21-day SMA support. The selling pressure will resume if price breaks below the moving averages.

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price is in a downward move. It has broken below the moving averages. There is a likelihood of price reaching the previous low. Meanwhile, on October 28 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 2.0 Fibonacci extension or level $0.23.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The market has fallen below the 20% range of the daily stochastic. Dogecoin has fallen to the oversold region of the market. The implication is that the current downtrend has reached bearish exhaustion. The market is likely to resume an upward move. The crypto’s price is below the moving averages.

General Outlook for Dogecoin
Dogecoin is in a downward move. The cryptocurrency is likely to revisit the previous breakout of $0.23. This has been confirmed by level 2.0 Fibonacci extension or level $0.23.

Source: https://learn2.trade 

[analyst75 12]

SHIBA INU COMES UNDER INTENSE SELL PRESSURE AS THIRD-LARGEST SHIB WHALE MOVES HOLDINGS

 

The Shiba Inu (SHIB) ownership concentration came under scrutiny as the meme coin continued to slide from its recent highs. According to reports, of the 872,382 wallets that hold SHIB, only ten control 72% of the total supply.

Experts have expressed their concerns with this situation and that despite the abundance of transparency in the crypto industry, it is almost impossible to link wallets to their owners. They also worry that this anonymity leaves market participants unaware of whale concentration and activities that influence prices.

Shiba Inu attracted a significant level of buzz after it flipped Dogecoin to become the ninth-largest cryptocurrency by market valuation last week. That said, all eyes are on the SHIB whale that controls over 13% of the circulating supply of the meme coin.

Meanwhile, whale wallet concentration has triggered worry over possible liquidity issues amid the growing sell pressure on SHIB at the moment. At press time, the eleventh-largest cryptocurrency has dropped by over 10% in the last 24 hours and 29% in seven days.

While no token sale has occurred yet from the earlier mentioned whale wallet, this address has moved about 10 trillion SHIB to four newly-created addresses, sparking liquidation fears.

Interestingly, transaction activity on the SHIB network recorded an exponential increase, momentarily exceeding other top networks like Ethereum (ETH) and Solana (SOL). This increase in activity stems from the selling pressure on the SHIB network, as holders dump their tokens to realize profits from the recent rally.

Key Shiba Inu Levels to Watch — November 5

As mentioned earlier, Shiba Inu is in a dramatic bearish spiral as traders book profits. The meme currency bottomed at $0.00004312 yesterday before jumping near the $0.00005500 resistance. This jump failed to yield the desired results for SHIB holders as the cryptocurrency dropped again to $0.00004500.

SHIBUSD – 4-Hour Chart

However, the eleventh-largest cryptocurrency has rebounded again near the $0.00005500 resistance as bulls attempt to reclaim that level and push the price higher. That said, the critical level for bulls at the moment is the $0.00006000 psychological, where my descending trendline from the recent ATH resides.

Meanwhile, my resistance levels are $0.00005500, $0.00006000, and $0.00006500, and my key support levels are $0.00005000, $0.00004500, and $0.00004200.

Total Market Capitalization: $2.72 trillion

Shiba Inu Market Capitalization: $27.4 billion

Shiba Inu Dominance: 1%

Market Rank: #11

Source: https://learn2.trade 

[analyst75 12]

SILVER (XAG) DAILY CLOSE ABOVE $24 HANDLE PAVES THE WAY

Source: https://learn2.trade 

Silver (XAG) Price Analysis – November 7

The price of spot Silver (XAG) has risen significantly in recent trade having breached the $24.00 handle for now. The precious metal buyers look to conquer further barriers and pave the way for an upward move towards the $24.50 level. A continued decline in global and US yields would be required for such a move higher.

Key Levels
Resistance Levels: $25.50, $25.00, $24.50
Support Levels: $23.50, $23.00, $22.10
XAGUSD Long term Trend: Ranging
Silver (XAG) has demonstrated a positive breakthrough beyond the $24.00 resistance level on the daily chart from a technical standpoint. The nearest resistance is likely to be at $24.50, while the first and second support levels are expected to be at $23.50 and $23.02, respectively.

Since the end of October, silver has been climbing in a rising pattern versus the US dollar. Meanwhile, throughout the next session, the rate may find support from the rising trendline support around the $23.50 range. As a result, the price of silver may continue to rise in the present and next session.
XAGUSD Short term Trend: Ranging
On the 4-hour time frame, bulls are currently supporting an optimistic relative strength index trend to hit $24.50 in a second attempt to surpass upward. However, the commodity’s future gain may be hampered by the barrier zones around $24.82 and $25.00.

During the metal’s decline, the $23.50 level is the important support to consider ahead of the psychological horizontal support level near $23.00. If the price falls below $23.00, the $22.10 support level may come into focus, as a negative breach of the level might encourage the bears.

 

Source: https://learn2.trade 

[analyst75 12]

GOLD (XAUUSD) SHOWS STABILITY IN PRICE, RESUMES UPTREND

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Ranging
Gold (XAUUSD) has continued to be in a range-bound move. Since May, the Gold price has been fluctuating between levels $1,725 and $1,820.The market is yet to trend. The sideways move has made the Gold price to be relatively stable. The $1,720 support has been tested twice as bears fail to breach the support level. Similarly, the bulls have retested the $1,820 high but were repelled. A break above the $1,820 high will catapult Gold to the high of $1,900.

XAUUSD – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend. Gold is at level 54 of the Relative Strength Index period 14. The crypto’s price is above the moving averages which indicate a possible rise in Gold.


Gold (XAUUSD) Medium-term bias: Bullish
On the 4 hour chart, the Gold price is in an upward move as price breaks above the moving averages. The upward move is facing rejection at the $1,800 resistance zone. Meanwhile, on November 4 uptrend; a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $1,806.21.

XAUUSD – 2 Hour Chart

4-hour Chart Indicators Reading
Gold is above the 80% range of the daily stochastic. Gold price is in the overbought region of the market. The market is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price is resuming an upward move on the upside. Gold is rising to retest the $1,800 resistance level.
 

Source: https://learn2.trade 

[analyst75 12]

SOLANA (SOL) PRICE ANALYSIS: SOL/USD FINDS SUPPORT ABOVE $225 RESUMES UPTREN

Highlights
Solana retraces to $236 low
SOL/USD rallies to $260 high

Solana (SOL) Current Statistics
The current price: $236.86
Market Capitalization: $121,293,789,737
Trading Volume: $2,391,079,319
Major supply zones: $280, $300, $320
Major demand zones: $160, $140, $120

Solana (SOL) Price Analysis November 15, 2021
Solana’s (SOL) price has been trading above the moving averages. The market is retracing to the support above the 21-day SMA. The uptrend will resume if the price finds support above 21-day SMA. Meanwhile, on October 25 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Solana will rise to level 2.0 Fibonacci extension or $287.92.

SOL/USD – Daily Chart

Solana (SOL) Technical Indicators Reading
Solana is at level 60 of the Relative Strength index period 14.SOL is in the bullish trend zone and capable of a further upward move. Solana is below the 20% range of the daily stochastic. The market has fallen to the oversold region.

Conclusion
On the 30- Mins chart, Solana has been in a downward move. The cryptocurrency has fallen to the oversold region. Meanwhile, on November 15 downtrend; a retraced candle body tested the 6.8% Fibonacci retracement level. The retracement indicates that Solana will fall to level 1.618 Fibonacci extensions or $233.74.
 

Source: https://learn2.trade