Bitcoin Heads for Bullish Monthly Close
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. After plunging below the $0.020mark, Shiba Inu [SHIB] expedited its bearish break into a high volatility phase. The multi-monthly baseline around the $0.00738 region aided the buyers in recouping their forces. The dog-themed coin’s recovery from this support zone has slammed into the 38.2% Fibonacci resistance multiple times over the past month. Nonetheless, the current setup hinted at a gradual increase...
On Sunday (July 31), former Goldman Sachs executive Raoul Pal talked about why he is so excited about the long-term outlook for crypto (and in particular Ethereum). Prior to founding macro economic and investment strategy research service Global Macro Investor (GMI) in 2005, Pal co-managed the GLG Global Macro Fund in London for...
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Solana’s [SOL] down-channel oscillation finally transposed into a breakout rally, one that helped buyers retest the immediate supply zone over the last ten days. The close above the 20 EMA (red) and the 50 EMA (cyan) reignited the near-term bullish inclinations. The consistent efforts of buyers to breach the 61.8% Fibonacci level could translate into a bull rally. The bulls, however,...
On Sunday (July 31), Russian-Canadian programmer Vitalik Buterin, who is the creator of Ethereum, called Michael Saylor (Co-Founder, Chairman, and CEO of MicroStrategy Inc.) out for his recent comments about U.S. securities laws and their application to the crypto space. It is worth remembering that on 11 August 2020,...
This week was filled with surprises for even those haven’t been a part of the crypto niche. Bitcoin [BTC] and other cryptocurrencies continued their climb. Now that Bitcoin is above a historical accumulation signal, the question is can it reclaim its title as the inflation hedge?
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polygon [MATIC] found renewed buying pressure over the last month as the buyers continue to inflict a streak of green candles on the daily chart. This trend-altering comeback aided the bulls in propelling the price above the EMA ribbons. The bulls were able to reclaim critical support levels after a well-needed push from the ascending triangle breakout. A sustained bullish...
Litecoin (LTC), created by former Google employee Charlie Lee, was released in 2011 as an alternative to Bitcoin and has gained popularity ever since, with various users mining it. With new crypto miners coming on board every day, many people wonder how long it takes to mine...
The Federal Reserve increased the interest rate by a further 0.75% and the crypto markets responded bizarrely. The U.S. interest rates are back to pre-pandemic levels as the battle against inflation rages on. The crypto market has thus rallied in response to the rate hike as trader sentiment shocks market skeptics.
Peter Berezin, the Chief Global Strategist of BCA Research, revealed the recession-proof assets that he believes can protect investors during a period of economic downturn. Berezin is a major crypto critic, who has called Bitcoin a complete fraud and believes that the cryptocurrency does not have any use cases. According to Berezin, consumer staples and healthcare are good stocks to invest in to protect oneself during the economic downturn. Berezin believes that products that are important for customers to buy...