Ethereum ETH/USD ends the trading week at 1702 and continues to move as part of a strong fall and a downward channel. The moving averages indicate a bearish trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a price increase and test the resistance level near the 1985 area. Where can we expect a downward rebound and a continued fall in the exchange rate and the cost of Ethereum with…
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.
XRP/USD complete the trading week at 0.3321 and continue to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the cryptocurrency’s decline from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.3415. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.2255 again. XRP Weekly Forecast…
Litecoin LTC/USD ends the trading week at 54.41 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines. This indicates pressure from the sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price rise and test the resistance area near the level of 70.05. Where can we expect a rebound down again and an attempt to drop the…
Bitcoin Cash ends the trading week at 118.21, continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have gone down from 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 195.05. From where a rebound down is expected again and…
Silver complete the trading week near the area of 19.22. Quotes continue to move within the framework of the correction and the beginning of the development of the bullish “Wolfe Wave” model. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the areas 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…
SHIBA INU ends the trading week at 0.00001279 and continues to move within the fall and the long-term downward channel. Moving averages indicate a bearish 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. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop an increase in the value of the digital asset and test the resistance area near the level of 0.00001435. From where a rebound down is expected again and an attempt…
Dogecoin ends the trading week at 0.0680 and 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 the sellers of the coin and a potential continuation of the fall. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop the growth in the value of the digital asset and test the resistance area near the level of 0.0885. From where a rebound down is expected again and an attempt to…
Currency pair Euro/Dollar EUR/USD continues to move within the correction and the downward channel. The potential for the formation of a reversal pattern “Head and Shoulders” remains. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, 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 1.0160. As part of the Forex forecast for August 19, 2022, we…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. The potential for the formation of a double top reversal pattern remains, the bears can only break through the support area. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2039. Moving averages indicate the presence of a short-term bearish 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a strong fall and a downward channel. Moving averages indicate the presence of a short-term bearish 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 in the value of the instrument already from current levels. At the time of the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6922. At the moment, we should expect an attempt to develop the growth…