BTC/USD are trading at 8589 and continue to move as part of the growth and upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $162 469 517 060. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices have pierced the area between the lines up, which indicates pressure from the buyers of Digital Gold. As part of the cryptocurrency forecast for May 1, 2020, one should expect an attempt to correct the value of the digital asset and test the support level near the area of 7665. Where again 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.
ETH/USD are trading at 206.17 and continue to move as part of growth and the rising channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $23 611 655 027. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices pierced the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the area of 195.05. Where again we should expect a rebound and the continuation of the…
LTC/USD are trading at 45.78 and continue to move as part of the growth and upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 060 080 925. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices push from the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to correct the value of the digital asset and a test of the support level near the area of 43.65. Where again we should expect a rebound and continued growth of…
XRP/USD are trading at 0.2097 and continue to move as part of the growth and upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 574 969 919. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from the buyers of the asset. At the moment, we should expect an attempt to correct the digital asset and test the support level near the area of 0.2005. Further, the continuation of the cryptocurrency rise to the area…
BCH/USD are trading at 248.67 and continue to move as part of the correction and the upward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 657 462 032. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices are testing the area between the signal lines, which indicates pressure from buyers. As part of the cryptocurrency rate forecast for May 1, 2020, one should expect an attempt to continue the development of the asset value correction and test the support level near the area of 235.05. Where again…
Cryptocurrency caught the interest of many people because of its decentralized blockchain technology. This means that the system operates without being managed or controlled by a single entity, which gives it the benefits of minimal fees, transparency, and anonymity. Some cryptocurrencies even take privacy a step further for consumers. With other cryptos, transactions can still be traced through the user’s public keys, which is valuable for spotting fraud and money laundering schemes. However, on the other side of the coin, people living in authoritarian regimes may need a digital asset that’s untraceable so they won’t get in trouble with their…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers of the European currency and the potential continuation of the fall of EUR/USD. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0865. As part of the Forex forecast for April 30, 2020, we should expect an attempt to develop a correction and test the resistance level near the area of 1.0905. Further,…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the pound to the US Dollar at Forex is 1.2443. Moving averages indicate the presence of a short-term lateral trend. Prices pierced the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to develop the growth of the British Pound and test the resistance area near the level of 1.2520, where we can expect the completion of the formation…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and upward channel. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from the sellers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6655. At the moment, we should expect an attempt to rise and test the resistance area near the level of 0.6485. Further, the rebound and continued fall of quotations in the area below 0.5975. AUD/USD Forecast Australian Dollar…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the reversal model of the inverted «Head and Shoulders». At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 106.55. Moving averages indicate a short-term bearish trend for the pair. Prices pushed from the area between the signal lines down, indicating pressure from sellers of the US Dollar and a potential continuation of the fall. As part of the forecast of the Japanese Yen rate on…