Author: forex24pro

BTC/USD are traded at 34172 and continue to move as part of the correction and the formation of the ”Triangle” pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 637,256,684,065. Moving averages indicate a short-term sideways trend in Bitcoin. Prices have broken through the area between the signal lines downward, which indicates pressure from buyers of ”Digital Gold” and a potential continuation of the fall in the value of the asset already from the current levels. As part of the cryptocurrency rate forecast for tomorrow, July 7, 2021, we should expect…

Ethereum are traded at 2302.97 and continue to move as part of the correction and the formation of the “Wedge” reversal pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 268,359,585,357. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the asset value from the current levels. At the moment, we should expect an attempt to develop the growth of the coin’s value and test the resistance level…

XRP/USD are trading at 0.6556 and continue to move as part of the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $ 30,560,955,146. Moving averages indicate a short-term bearish trend for Ripple. Prices are again testing the areas between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate decline in the market already from current levels. At the moment, we should expect an attempt to develop a bullish correction of the asset and a test of…

Stock index S&P 500 continue to move within the fall and the bullish channel. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise of the stock index in the market from the current levels. At the time of the publication of the forecast, the index is trading at 4342. At the moment, we should expect an attempt to develop a rise and test the resistance level near the 4355 area. Where can we expect a rebound and the…

LTC/USD are traded at 138.34 and continue to move as part of the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $9,202,489,712. Moving averages indicate a short-term bullish trend for Litecoin. 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 from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the resistance level…

NVDA quotes continue to move within the growth and bullish channel. Moving averages indicate a short-term uptrend for Nvidia. Prices are bouncing up from the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the share price is 819.49. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the area of ​​760.05. Further, the rebound and the continuation of the rise in the value of securities. The potential target of such a movement is the area…

NIO quotes continue to move within a minor correction and a bullish channel. Moving averages indicate a short-term uptrend in the NIO. Prices are testing the areas between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the share price is 50.39. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the 48.05 area. Further, the rebound and the continuation of the rise in the value of securities. The potential target of such a movement is the area…

AMC quotes continue to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a short-term bearish trend in the AMC. Prices moved down from the area between the signal lines, which indicates pressure from the sellers of the securities. At the time of publication of the forecast the share price is 52.01. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the 50.55 area. Further, the rebound and the continuation of the rise in the value of securities. The potential…

GameStop quotes continue to move within the fall and the downtrend channel. Moving averages indicate a short-term bearish trend in GME. Prices moved down from the area between the signal lines downward, which indicates pressure from the sellers of securities. At the time of publication of the forecast, the share price is 202.72. As part of the forecast, we should expect an attempt to develop a correction and test the resistance level near the 210.05 area. Further, the rebound and the continuation of the fall in the value of securities. A potential target of such a movement is the area…

Alibaba quotes continue to move as part of the rise and the start of working out the ”Wedge” model. Moving averages indicate a short-term bearish trend for Alibaba. Prices moved up from the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the share price is 217.76. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the 205.05 area. Further, the rebound and the continuation of the rise in the value of securities. The potential target…