Author: forex24pro

BTC/USD are trading at 39005 and continue to move as part of the fall and the downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $765,890,007,355. Moving averages indicate the presence of a short-term downward trend for Bitcoin. Prices have broken through the area between the signal lines, which indicates pressure from the sellers of ”Digital Gold” and a potential continuation of the fall in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, April 27, 2022, we should expect an attempt…

Ethereum are trading at 2868 and continue to move as part of the fall and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $363,130,326,676. Moving averages indicate a short-term bearish trend for Ethereum. Prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a rise in the value of the coin and a test of the resistance level…

XRP/USD are trading at 0.6628 and continue to move as part of the fall and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $33,082,889,784. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have broken through the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the decline in the XRP rate on the market from current levels. At the moment, we should expect an attempt to develop a correction of the asset and a test…

LTC/USD are trading at 101.82 and continue to move as part of the fall and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $7,315,689,681. Moving averages indicate a short-term bearish trend for Litecoin. Prices have broken through the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop an increase in the value of the digital asset and a test of the resistance level near the…

DOGE/USD are trading at 0.1392 and continue to move within the correction and the downward channel. Moving averages indicate a short-term bearish trend for Dogecoin. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a rise in the value of the digital asset and a test of the resistance level near the 0.1455 area. Where can we expect a rebound down again and a continuation of the fall in the Dogecoin…

SHIBA INU is trading at the time of publication of the forecast at the level of 0.00002351, they continue to move within the framework of the fall and the bearish channel. Moving averages indicate the presence of a short-term downward trend for the coin. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of the coin and a potential continuation of the fall already from the current levels. As part of the SHIB/USD rate forecast, it is worth considering an attempt to develop a correction in the value of a digital asset…

Introduction Blockchain and cryptocurrency have risen in popularity in recent years, and the frenzy around them is unlikely to wane very soon. Every day, more individuals invest in cryptocurrency. The industry has witnessed advancements like cross-border payments, real-time IoT operating systems, NFT markets, decentralized finance (DeFi), identity management solutions, and others. Although cryptocurrencies are projected to become the future of money in the coming years, the blockchain technology that underlies them is already transforming how businesses function. Blockchain may be used to make businesses function more effectively since it offers a secure ledger for all transactions. From decentralized security to…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.0799 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices broke down the area between the signal lines, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 1.1025. Where is the expected rebound and continued fall of the Euro Dollar. The potential target of the…

BRENT complete the trading week near the area of ​​106.40 dollars per barrel. And it continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 102.55. Then, it is worth considering a rebound upwards and the continuation of the growth of oil in the area above the…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.2864. The pair continues to move within the framework of the fall and the descending channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the fall of the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.2985. Further, a rebound down and the continuation of…