Bitcoin BTC/USD ends the trading week at the level of 60676, continues to move in the framework of the growth and the bullish channel. However, while above the local maximum, the quotes are in no hurry to go further up. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from the buyers of the asset and the potential continued growth of the asset’s quotes. At the moment, we should expect an attempt to develop a correction and a test of the support area near the level of 53255. Where can…
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 4310 and continues to move within the rally and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices went up from 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 3755 area. Where can we again expect a rebound and a continued rise in the rate and value of Ethereum with a potential target above the…
XRP/USD end the trading week at 1.0573 and continue to move within a minor correction and a bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the cryptocurrency growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.9095. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.7855. Cryptocurrency XRP Forecast…
Litecoin LTC/USD ends the trading week at 198.73 and continues to move within the growth and bullish channel, but now there is a rebound after updating the local maximum. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upwards. This indicates pressure from buyers of the digital asset and a potential continuation of the decline in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 145.05. Where can we expect a…
Bitcoin Cash ends the trading week at 579.43 and continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 545.05. From where a rebound is expected again and an attempt to raise the…
Silver are completing the trading week near the 23.88 area. Quotes continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from metal sellers and a potential continuation of the decline from the current levels. At the moment, we should expect an attempt to develop a slight fall in the value of the asset and a test of the support level near the 21.75 area. Further, the continuation of the…
SHIBA INU ends the trading week at 0.00006910 and continues to move within the correction after a strong growth. Moving averages indicate a bullish trend. Prices broke the area between the signal lines upward, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support area near the level of 0.0000500. From where a rebound is expected again and an attempt to…
Dogecoin ends the trading week at 0.2894 and continues to move as part of the growth and completion of the ”Triangle” pattern. Moving averages indicate a bearish trend. Prices broke the area between the signal lines upward, which indicates pressure from buyers of the coin and a potential continuation of the rise. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 0.2255. From where a rebound is expected again and an attempt to…
Currency pair Euro/Dollar EUR/USD continues to move within the framework of strong growth and a downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of the fall in asset quotes from current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1670. As part of the Forex forecast for October 29, 2021, we should expect an attempt to continue the development of a bullish price correction and a…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of an inverted ”Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3754. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt to raise the price of the British Pound against the…