Bitcoin BTC/USD ends the trading week at 41908, continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall in the asset’s quotes. At the moment, we should expect an attempt to develop a rise in the price of the coin and test the resistance area near the level of 49705. Where can we expect a rebound down again and the continuation of the fall in the Bitcoin rate…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Ethereum ETH/USD ends the trading week at 3213 and continues to move in the fall and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices broke through the area between the signal lines downward, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop the price growth and test the resistance level near the 3855 area. Where can we expect a rebound again and the continuation of the fall in the rate and value of Ethereum with a potential target below the…
XRP/USD end the trading week at 0.7535 and continue to move as part of the fall and left the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the decline in the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near 0.7785. Where can we expect a rebound again and the continuation of the fall of the cryptocurrency to the area below the level…
Litecoin LTC/USD completes the trading week at 133.41 and continues to move as part of the fall and left the bullish channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines down. This indicates pressure from sellers of the digital asset and a potential continuation of the Litecoin rate decline in the current trading week. At the moment, we should expect an attempt to develop a bullish price correction and test the resistance area near the level of 165.05. Where can we expect a rebound down again and an attempt to fall in the…
Bitcoin Cash ends the trading week at 383.78 and continues to move as part of the decline and left the bullish channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to correct the value of a digital asset and test the resistance area near the level of 405.05. From where a rebound is expected again and an attempt to drop the…
Silver are completing the trading week near the 22.18 area. Quotes continue to move within the framework of the rise and the downtrend channel. The potential remains for the formation of a “Double Bottom” reversal pattern. Moving averages indicate a bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from sellers of the metal and a potential continuation of the decline from the current levels. At the moment, we should expect an attempt to develop a fall in the value of the asset and a test of the support level near…
SHIBA INU ends the trading week at 0.00002940 and continues to move within the fall and the descending price channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the SHIB/USD forecast for the next trading week, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance area near the level of 0.00003205. From where a rebound is expected again and an attempt…
Dogecoin completes the trading week at the level of 0.1538 and continues to move within the fall and the downtrend channel, prices are clinging to another important support area. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a small rise in the value of a digital asset and a test of the resistance area near the level of 0.1925.…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices once again pushed away from the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the decline in asset quotes from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1313. As part of the Forex forecast for January 7, 2022, we should expect an attempt to continue the development of a bullish price…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the downward channel. There is also a potential for the formation of the ”Wedge” model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3534. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to correct the price of the…