Chiliz’s (CHZ) – Bearish risks persist

Posted on Wednesday, February 23 2022 at 8:40 pm GMT+0000

Chiliz’s (CHZ) latest positive thrust near the nine-month trough of 0.16 is still some distance below a tough resistance zone shaped by the descending trendline stretched from the November 30th top and the mid-Bollinger band. The technical indicators keep feeding the sellers with some optimism, as the momentum indicator is falling below its moving average […]

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Solana (SOL) – Locked in an ascending channel

Posted on Tuesday, February 8 2022 at 9:29 pm GMT+0000

Solana (SOL) failed to gather sufficient buying traction to conquer the return line of the ascending channel stretched from the January 24th low and reversed lower. The last positive thrust off the 80.80 low faltered in the vicinity of the 200-day simple moving average and the 50% Fibonacci retracement level of the last bearish wave. […]

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Bitcoin (BTC) – Stretching short-term bull run

Posted on Wednesday, January 12 2022 at 8:50 pm GMT+0000

Bitcoin (BTC) is stretching its bounce-off the fresh multi-month low, surging above the 3-week-old steep descending channel and last week’s resistance, confirming a non-failure swing formation on the four-hour chart. Short-term technical indicators are also endorsing the current improvement in market sentiment. The 20-period exponential moving average is set to cross above the 40-period average […]

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Terra (LUNA) – In bearish correction mode

Posted on Tuesday, December 28 2021 at 10:06 pm GMT+0000

Terra (LUNA) has marginally retreated after posting a new all-time high on the 27th of December. Nonetheless, the strong bullish tone in the moving averages continues to sponsor the prevailing uptrend. The momentum oscillators are hinting that buyers are taking a breather. The MACD, well beyond zero, is losing impetus and seems to head towards its […]

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MATIC – Experiencing a sharp correction

Posted on Monday, December 13 2021 at 8:51 pm GMT+0000

MATIC has logged a sharp decline from the fresh 6-month high of 2.59 posted a few days ago, dipping below several crucial support barriers. That said, the positively aligned long-term simple moving averages continue to endorse the positive structure. Momentum oscillators are suggesting that the current correction could persist for a bit longer. The RSI […]

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Cardano (ADA) – Locked in a sideways range

Posted on Thursday, November 4 2021 at 10:02 pm GMT+0000

Cardano (ADA) – Short-term analysis Cardano (ADA) is again unconscious in the midst of a rangebound that doesn’t offer a clear stance on what will happen in the short term. However, when analyzing the cryptocurrency, it should be noted that there are some critical levels to pay attention to, like the support area of $1.92, […]

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FX market outlook

Posted on Wednesday, March 20 2019 at 9:29 am GMT+0000

Fed ‘dots’ to steal the show; pound retreats – Fed decision at 18:00 GMT today, new rate projections to dictate market reaction – Stocks pause rally as trade uncertainty reigns in – Sterling inches down amid reports May will ask for short extension   Fed ‘dots’ to steal the show The main event today will […]

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