Bitcoin BTC/USD completes the trading week at 23244, continues to move as part of the correction and the descending channel. There is a potential for the formation of a descending model ”Bearish Flag”. Sliding average indicate the presence of a bear’s trend. Prices broke the area between the signal lines down, which indicates the pressure from the sellers of the asset and the potential continuation of the drop in the asset quotes. At the moment, it is worth expecting an attempt to develop a fall in the price of a coin and the test of the resistance area near 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 ETH/USD completes the trading week at 1665 and continues to move as part of the development of strong bull correction and the descending channel. Sliding average indicate the presence of a bear’s trend on ETH/USD. Prices again test the area between signal lines, which indicates pressure from the sellers of cryptocurrency and a potential continuation of the fall from current levels. At the moment, it is worth expecting an attempt to develop a price growth and a test level of resistance near the area of 1865. Where to again expect a rebound down and the continuation of the rate…
XRP/USD complete the trading week at 0.3719 and continue to move within the correction 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 0.3905. Where can we expect a rebound and a continuation of the fall of the cryptocurrency to the area below the level of 0.0805 again. XRP Weekly Forecast August 8…
Litecoin LTC/USD ends the trading week at 61.74 and continues to move as part of a bullish correction and a downward channel. Moving averages indicate a bearish trend. Prices are again testing 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 rise in prices and a test of the resistance area near the level of 70.05. Where can we expect a rebound down again and an…
Bitcoin Cash ends the trading week at 137.42, 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 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 210.55. From where a rebound down is expected again and an attempt to…
Silver complete the trading week near the area of 20.17. Quotes continue to move as part of the rise 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 the…
SHIBA INU completes the trading week at 0.00001218 and continues to move as part of the correction and the formation of the “Wedge” reversal pattern. 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 0.00001385. From where a rebound down is…
Dogecoin ends the trading week at 0.0695 and continues to move as part of the correction and the formation of the “Triangle” pattern. 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 0.0855. From where a rebound down is expected…
Currency pair Euro/Dollar EUR/USD continues to move within the correction and the bullish channel. The potential for the formation of a “Double Top” reversal pattern remains. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone down from 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 1.0190. As part of the Forex forecast for August 5, 2022, we should…
Currency pair Pound/Dollar GBP/USD continues to move within the correction and the downward 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 bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to develop a rise in the price of the British Pound against the US Dollar and a…