As the US Federal Reserve plans to tighten monetary policy at a more aggressive pace, the dollar index is actively growing against reserve currencies and GBP.
Accordingly, we still adhere to the previous forecast for the GBP USD pair - a decline in the area of 1.3200, followed by a rebound to the dynamic resistance zone of the downtrend.
The GBP has been...
Bitcoin, wider crypto markets and risk assets in general have been in a steep decline since the start of the year. Although Bitcoin had a slight rebound from yesterday, bearish pressure remains strong. We could see trading in a range between $32,000 and $42,000. This is the same range where Bitcoin traded between May and August 2021 after bans in China. If we see...
The GBP/USD pair has been bouncing back as it waits on the decisions of the Bank of England and the Fed to tighten monetary policy. The Bank of England has already raised the rate to 0.25% and there are plans for more hikes, which would add strength to the British pound. However, a potential rate hike from the Fed could cause a decline and a repeat of the test of...
After providing the roadmap for 2022, the ADA (Cardano) token has increased in price quite impulsively. Its price surged to just over $1.60 on Tuesday from Sunday’s lows of $1.28, before retreating to $1.48.
The growth was stopped at $1.60, which intersects with the dynamic resistance line of the downtrend. Given that the crypto market is currently under...
Solana currently remains in a stable downward trend. It is being affected by the bearish dynamics of the current crypto market and there are also rumours of security problems. Recently, the ecosystem had a failure which was thought to be a DDOS attack, but the CEO clarified that this was a congestion issue. To break through the downtrend, SOL must break through...
The EUR/USD trading pair once again met resistance near the 1.1375 mark this morning.
This level has been a sideways trend resistance since November 2021 and has already beaten the price down 4 times. The price growth lows is interesting.
Every attempt to push the price down is getting weaker, and the dynamic support line is aimed at the north. It is likely...
The S&P 500 had a tough week with notable losses in tech stocks. The stock market tends to be reactive to interest rate decisions so this performance may not be so surprising when considering the hawkish tone of the Fed. The fight against inflation looks set to dominate 2022 and Goldman Sachs predicts four rate hikes this year from the Fed.
But, is the bull run...
Ether prices fell to their lowest in more than three months on Thursday, plunging below $3,200. The recent crypto crash has affected many other major cryptos including Bitcoin, Solana, Cardano, XRP, and Dogecoin. Ether also fell against Bitcoin, dropping to 0.076639 on Friday.
Why are cryptos suddenly crashing? In an effort to deal with rising inflation, the...
EUR/USD has been trading in a tight range with traders anticipating FOMC minutes from the US. The spread of the Omicron variant in Europe and the US will also be a point of consideration for traders. Meanwhile, inflation remains a hot topic in the new year and there appears to be a different approach taken by the ECB vs. the Federal Reserve. As well as FOMC...
Bitcoin appears to be trading near key price levels. Many analysts had predicted it would end the year with price close to $100k but those predictions have not come to fruition. In fact, it wasn't even close. Will a bull rally in the new year help Bitcoin to reach these heights, or could we be set for more bearish price action at the start of 2022?
For now, the...
Shiba Inu has halted the downtrend and begun to rally. A bearish triangle kept the price down in the past week, and now bulls are looking to break out.
Shiba Inu was the third most used crypto on the Ethereum network last week, and recently a whale bought $136 million worth of SHIB. It remains close to the original meme crypto Dogecoin. Could it overtake it...
November wasn't very kind to Dogecoin, but this week it went from plummeting to skyrocketing.
DOGE surged as much as 23% on Tuesday, after "Dogefather" Elon Musk came to its rescue once more, revealing that Tesla will start accepting it as a payment for some of its merchandise. “Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted. The...
SAND is one of the top performing cryptocurrencies for 2021.
Since Facebook announced its rebranding as Meta on October 29, SAND has shot into crypto fame and rallied more than 600% by November 24. It is estimated that if you bought $500 of Sandbox on January 1, it would now be worth over $73,000.
SAND is the native token of The Sandbox, a game that is very...
Following a public announcement of new restrictions against COVID in the UK, the GBP fell on Wednesday.
The new package of measures known in the UK as Plan B includes the introduction of the vaccine passport system, compulsory face masks in certain social settings, and a request for everyone who can to work from home. Faced with new pandemic challenges, the...
The price of Chainlink has been at a make or break point, according to analysts.
Chainlink (LINK) is an Ethereum-based token that powers the Chainlink decentralised oracle network. The Chainlink network provides a link between real-world data and smart contracts, using LINK to pay for smart contract transactions. LINK is a token that is growing in popularity...
Cryptocurrencies and other risk markets across the globe dipped sharply as a reaction to the new Covid-19 variant. However, we now see cryptos recovering and Ethereum has been rising at a faster rate than Bitcoin. At the time of writing it was up more than 11% in the past 7 days compared to a rise of 3.85% for Bitcoin.
Bulls have helped Ethereum to break...
FTX:SOLBTC
Solana has been nicknamed "Ethereum destroyer" because of its significantly lower fees and faster transaction times, but according to some analysts it can also pose a threat to Bitcoin.
According to cryptocurrency experts like Sam Bankman-Fried, "the next Bitcoin" will be a blockchain with high throughput which has the potential to process...
Major cryptocurrencies have been falling due to fears over a new mutation of Covid-19 that may be more transmissible. There are fears it could evade vaccines which brings the possibility of further restrictions and lockdowns.
The sell-off in global markets did not stop BAT from hitting a new all-time high. Basic Attention Token was up 40% at one point before...
