After yesterday’s big selloff in all risk assets, ETH/USD is testing a crucial level at $3000.
The world’s second-largest cryptoasset has already shed 25% of its value this month to trade back to the bottom of August’s $3000-3300 range, and if that level gives way, a deeper pullback toward the mid-2000s could be next.
Thankfully for ETH/USD bulls, the pair is...
Despite the hullabaloo around Bitcoin getting adopted as an official currency of El Salvador (or perhaps because of it), the cryptocurrency sold off sharply from previous-support-turned-resistance at 53,000 this week.
Now, bulls and bears have drawn their lines in the sand, with support likely near the 200-day EMA and previous resistance in the 42,000 area and...
After a precipitous drop to test support near 23.00 (the 38.2% Fibonacci retracement of the March 2020 – March 2021 rally) early this month, Silver has spent the last three weeks consolidating in a range between 23.00 and 24.00.
As experienced traders know, volatility tends to be cyclical, meaning that markets alternate between periods of large trending movements...
