BTC/USD are traded at 19246 and continue to move as part of the growth and formation of the “Triangle” pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 356,639,556,452. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the asset’s value growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, December 8, 2020, we should expect an attempt to develop a correction in the…
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 are trading at 595.95 and continue to move as part of the correction and the formation of the “Triangle” pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 67,795,723,500. 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 growth of the asset value from the current levels. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the…
LTC/USD are traded at 86.22 and continue to move as part of the correction and the formation of the ”Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 5,638,318,143. Moving averages indicate a short-term bullish trend for Litecoin. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth 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…
XRP/USD are trading at 0.6084 and continue to move as part of the correction and the formation of the ”Triangle” pattern. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 27,683,876,281. Moving averages indicate a short-term bullish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in the XRP rate in the market from current levels. At the moment, we should expect an attempt to develop an asset correction and test the support level near the 0.5735…
Stock index S&P 500 continue to move within the framework of the growth and the ascending channel. At the time of the publication of the forecast, the index is trading at 3688. At the moment, we should expect an attempt to develop a correction and test the support level near the 3645 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3755. S&P 500 Forecast and Analysis December 8, 2020 An additional signal in favor of the growth of the stock index quotes will be a…
Bitcoin BTC/USD ends the trading week at 16845 and continues to move as part of the correction and the rising channel. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from 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 test the support area near the level of 15845. Where can we expect a rebound and continued growth in the Bitcoin rate with a potential target above the level of 24675. Bitcoin Forecast…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.2135 area. The pair continues to move within the framework of the growth and ascending channel. Moving averages indicate a bullish trend for the pair. Prices bounced back from the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 1.2205. Where is the rebound and the continuation of the fall of the Euro Dollar…
BRENT finish the trading week near the area of $ 49.14 per barrel. And it continues to move within the framework of the growth and the upward channel. Moving averages indicate a bearish trend. However, prices have broken the area between the signal lines upward, 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 fall and a test of the support area near the level of 43.05. Then, a rebound and continued growth of oil to the area above the level of $…
Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3473 area. The pair continues to move as part of the growth and formation of the bearish “Wolfe Wave” pattern. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.3545. Further, the rebound and the beginning of the fall in…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.87 Rubles per US Dollar. The pair continues to move within the fall and ascending channel. Moving averages indicate a bullish trend. Prices are again testing from the area between the signal lines, which indicates pressure from the US dollar buyers. In the current trading week of December 7 — 11, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 75.65. Where can we expect a rebound and the beginning of a fall in the…