Bitcoin BTC/USD ends the trading week at the level of 48576, continues to move within the fall and the bullish channel. There is potential for a “Head and Shoulders” reversal pattern to form. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines again, which indicates pressure from buyers of the asset and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a rise in the price of the coin and a test of the resistance area near the level of 54305. Where can we…
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 4048 and continues to move as part of the correction and the bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing the area between the signal lines, 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 a price correction and a test of the support level near the 3625 area. Where can we again expect a rebound and a continued rise in the rate and value of Ethereum with a potential…
XRP/USD end the trading week at the level of 0.8357 and continue to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines, 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 0.9305. 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 ends the trading week at 153.88 and continues to move within the fall and the bullish channel. Moving averages indicate a bullish 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 the price growth and test the resistance area near the level of 180.55. Where can we expect a rebound again and an attempt to fall in the value of Litecoin with a…
Bitcoin Cash ends the trading week at 452.73 and continues to move as part of the fall and the start of the ”Triangle” pattern. 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 565.05. From where a rebound is expected again and an attempt to…
Silver ends the trading week near the 22.04 area. Quotes continue to move within the fall and the downtrend channel. 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 the 20.25 area. Further, the continuation of the rise in the price of Silver with a…
SHIBA INU ends the trading week at 0.00003515 and continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from sellers of the coin 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 0.00003995. From where a rebound is expected again and an attempt…
Dogecoin completes the trading week at the level of 0.1691 and continues to move within the correction and the downward 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 DOGE/USD rate forecast for the next trading week, we should expect an attempt to raise the value of a digital asset and a test of the resistance area near the level of 0.2105. From where a rebound is expected again and an attempt to continue…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. There is a potential for the formation of the ”Triangle” model. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in the asset quotes from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1316. As part of the Forex forecast for December 9, 2021, we should expect…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3192. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to correct the price of the British Pound against the US Dollar and test the resistance area…