Bitcoin BTC/USD ends the trading week at 23808, continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall in asset quotes. At the moment, we should expect an attempt to develop a rise in the price of the coin and test the resistance area near the level of 24505. From where we should again expect a rebound down and a continued fall in the Bitcoin rate with a potential…
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 1666 and continues to move as part of the growth and the downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices are again testing the areas between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the resistance level near the 1785 area. From where we should again expect a rebound down and a continuation of the fall in the exchange rate…
XRP/USD complete the trading week at 0.3839 and continue to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.4065. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below the level of 0.2025. XRP Forecast…
Litecoin LTC/USD ends the trading week at 99.48 and continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines up. This indicates pressure from buyers of the digital asset and the potential continued growth of the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a rise in the price and a test of the resistance area near the level of 104.05. Where can we expect a downward rebound again and an attempt to continue the fall…
Bitcoin Cash ends the trading week at 128.80, continues to move within the growth and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the coin 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 continue the growth in the value of the digital asset and test the resistance area near the level of 145.05. From where a rebound down is expected again and an attempt to…
Silver complete the trading week near the area of 21.19. Quotes continue to move as part of the correction and the formation of the reversal pattern ”Head and Shoulders”. Moving averages indicate the presence of a bullish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the metal and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a decrease in the value of the asset and a test of the support level near the area of…
SHIBA INU ends the trading week at 0.00001316 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. 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 the digital asset and a test of the support area near the level of 0.00001405. From where a rebound down is expected…
Dogecoin ends the trading week at 0.0867 and continues to move within the correction and left 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 growth in the near future. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the resistance area near the level of 0.0975. From where a rebound down is expected…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0760. As part of the Forex forecast for February 16, 2023, we should expect an attempt to develop a price correction…
Currency pair Pound/Dollar GBP/USD continues to move as part of a strong bullish correction and has left the bullish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2166. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to develop the growth of the British Pound against the US…