19.8 C
New York

Tag: Resistance

As BTC Slides Toward Resistance, the Chance of a Rare Triple Top Formation Comes Into Play – Markets and Prices Bitcoin News

The cryptocurrency financial system has shed lots of worth over the past six months dropping 48.70% from $3.08 trillion to right now’s $1.58 trillion....

Top News

Embedded finance development potential in Mexico

  Mexico became the first LatAm state to begin developing fintech-specific legislation. 2018 law defines which organizations are considered as fintech companies, regardless of the type of credit they lend – short or long-term. If a company uses digital platforms and e-walleting in their activities, it should comply with the fintech law. In case the […]

The post Embedded finance development potential in Mexico appeared first on Fintech News.

Biggest Movers: QNT Climbs 10%, as ALGO and RUNE Rise Higher

Tag Template - News Hub PROQNT climbed over 10% during today’s session, as RUNE and ALGO both rose by as much as 15% on Friday. This comes as cryptocurrency markets were trading nearly 4% higher as of writing this, as markets began preparing for the weekend’s action. Thorchain (RUNE) Thorchain (RUNE) was one of the biggest gainers on Friday, and […]

Bitcoin touches $45k amid ‘PetroBitcoin’ sentiment

Tag Template - News Hub PRO

Bitcoin broke above key resistance levels to touch highs last seen in February, with…

The post Bitcoin touches $45k amid ‘PetroBitcoin’ sentiment appeared first on Coin Journal.

After Buying $500 Million Of Bitcoin, What Will Luna Do With It?

Luna has purchased more than 11,700 bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean exactly?

Bitcoin, Ethereum Technical Analysis: BTC Surges to $45,000, as Russia Considers Accepting the Crypto for Oil & Gas

Tag Template - News Hub PROBitcoin moved past its $45,000 price ceiling, after it was reported that the Russian government was considering accepting it as payment for energies. The news sent BTC to a 24-day high, whilst ETH also climbed to a five-week peak. Bitcoin BTC was trading almost 5% higher on Friday, as markets reacted to the news that […]

Ethereum Breaks $3,000 High as the Altcoin Reaches Overbought Region

Ethereum (ETH) is in an uptrend after bulls broke through resistance at $3,000. The largest cryptocurrency is approaching to break the resistance at $3,200.
Tag Template - News Hub PRO

Litecoin (LTC) Price Analysis: More Gains Possible Above $130

Litecoin is eyeing an upside break above the $130 resistance against the US Dollar. LTC price is now trading above $120 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $121 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could...

The post Litecoin (LTC) Price Analysis: More Gains Possible Above $130 appeared first on Live Bitcoin News.

Pivot Point Break and Test Forex Trading Strategy

Like in any profession, traders also use tools. This simplifies their trading process and provides objective information which traders could use to support their trading analysis. These tools are what we call technical indicators. Technical indicators are a big part of trading for most technical traders. It allows us to read the market, identify trends […]

La entrada Pivot Point Break and Test Forex Trading Strategy se publicó primero en ForexMT4Indicators.com.

Gold – Will it soon test record highs again?

Is there still great demand for safe havens and inflation hedges? After a period of consolidation, gold prices have been rising again in recent days, hitting a 10-day high in the process. This comes even as central banks signal an aggressive tightening cycle this year to combat soaring inflation and risk appetite remains healthy as […]

How to Read the Crypto Chart?

How-to-Read-the-Crypto-Chart

Trading cryptocurrencies and turning your Bitcoins into money requires the ability to read crypto charts. For making good crypto trades you need to know Dow Theory and Japanese candlestick charts. Every historical price, volume, and time interval is available in cryptography. A chart is used to observe investment opportunities in a digital currency based on its past price movements. By reading cryptocurrency charts, investors can identify market trends and predict the future price movements of an asset. Cryptocurrency Chart Patterns Only a few chart patterns have stood the test of time. There is no “proven” chart pattern that works better than another, unlike less subjective analytical tools. Following are the chart patterns available. Price Channels  Create a series of highs and lows by creating two ascending or descending parallel lines. Prices tend to bounce between these levels of support (lower) and resistance (higher). While most traders buy lower and sell higher, breakouts and breakdowns can be influential. Ascending & Descending Triangle  One horizontal line connects highs or lows, and a second sloped line connects rising highs or falling lows. In a right triangle, the price tends to break out or break down from the horizontal line in the direction of the sloped line. Head & Shoulders  The Head and Shoulders chart pattern is characterized by a temporary high or low, followed by a big move higher or lower, followed by an equal move higher or lower. It looks like a head with two shoulders that are either upside down (bullish) or right-side-up (bearish). Triple & Double Top & Bottom  It is called a triple or double top and bottom chart pattern when the market bounces off the same resistance or support level two or three times in a row. Bullish signals are considered double bottoms, while bearish signals are considered double tops. Double and triple patterns both indicate that prices are about to reverse directions. Rising Wedge & Falling Wedge  The slopes of the upper and lower lines of rising and falling wedges are the same (although they still converge). Rising and falling wedges are reversal patterns unlike ascending and descending triangles. Rising wedges are bearish while falling wedges are bullish. Candlestick Chart In cryptocurrency candlestick charts, time is shown on the horizontal axis, while private data is shown on the vertical axis. It’s important to note that candlesticks show whether the price movement of a market was positive or negative, and to what degree. Candlesticks consist of a body and wicks. The body of each candlestick represents the opening and closing prices, while the top wick represents how high or low the price of a cryptocurrency was during that period. Candlesticks provide users with a great deal of information through their simple structure. Candlestick patterns, for example, can be used to identify potential trend reversals. The bullish and bearish candlestick patterns should be recognized by cryptocurrency traders. Technical Analysis Statistical analysis refers to the study of trends gathered over time to determine how supply and demand affect a particular asset’s future price. Crypto market charts can help investors make informed decisions by letting them know when bullish and bearish movements will end. Bulls, the buyers of an asset, push the price up through bullish movements. It is the downward price movement caused by sellers or the bears. By analyzing price trends and patterns on charts, traders can find trading opportunities. Although crypto charts help monitor market movements, there are some caveats. To better understand technical analysis, one must be aware of the Dow Theory. Here are some key ideas: At the time of pricing, the market considers everything. Existing, prior, and upcoming details have already been accounted for in current asset prices. The crypto market is impacted by a number of variables, including current, past, and future demands and any regulations that may impact the market. Prices do not move at random. Most people follow trends, whether they are long-term or short-term. Analysts focus on the price of a coin rather than every single variable that influences its value.   Dow Theory rests on six fundamental tenets: Markets move in three directions A market’s primary movement is called its primary movement. Market trends can last anywhere from a year to several years. They can be bullish or bearish. Medium swings refer to the second or intermediate movement of a market. A medium time frame is between ten days and three months. A medium swing is based on the primary price change.  A short swing is a minor movement of the market. It is short-term speculation. Market trends have three phases During the accumulation phase, investors buy and sell the coin against the general perception of the market. In the public participation phase, also known as the absorption phase, the rest of the market follows knowledgeable investors. After the absorption … Continued

The post How to Read the Crypto Chart? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Polygon(MATIC) Price is about to Explode Massively that Could Upfit the Price Beyond $2.5 Soon!

The post Polygon(MATIC) Price is about to Explode Massively that Could Upfit the Price Beyond $2.5 Soon! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto space has made a large move since the beginning of the present day’s trade as the Bitcoin price showcase huge bullish momentum. And hence the top altcoins are also heading strongly towards their respective resistance. Therefore, Polygon price is also displaying a huge bullish tendency.  The price flipped from the lower support just …

Waves Price Prediction — Will WAVES Hit $40 Soon?

Waves Price Prediction — Will WAVES Hit $40 Soon?

Bullish WAVES price prediction is $31.57 to $36.18. The WAVES price will also reach $40 soon. WAVES bearish market price

The post has appeared first on thenewscrypto.com

Tag Template - News Hub PRO

Recent articles

spot_img