GOLD CONSOLIDATES ABOVE $1,907 AS IT REGAINS BULLISH MOMENTUM


Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bearish
Gold (XAUUSD) has been consolidating above $1,907 as it regains bullish momentum. XAUUSD is trading above the 50-day line moving average but below the 21-day line moving average. The market will trend when the moving average lines are breached. For instance, if the bears break below the 50-day line moving average, the downtrend will resume. The market will decline to the low of $1,844. On the upside, if the bulls break above the 21-day line moving average, Gold will rise to revisit the previous high of $2,040. However, the market will continue to consolidate if the range-bound levels remain unbroken.

Gold Consolidates Above $1,907 as It Regains Bullish Momentum
XAUUSD – Daily Chart
Daily Chart Indicators Reading:
Gold is at level 54 of the Relative Strength Index for period 14. It is now in the uptrend zone and capable of rising to the upside. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. The price bars are between the moving averages indicating the range-bound move.

Gold (XAUUSD) Medium-term bias: Bullish
On the 4-hour chart, the Gold price is in an upward move. The uptrend has been stuck below the $1,960 resistance zone. Meanwhile, on March 23 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $1,956. From the price action, Gold has retested the level 1.272 Fibonacci extension and reversed it.

Gold Consolidates Above $1,907 as It Regains Bullish Momentum
XAUUSD – 4 Hour Chart
4-hour Chart Indicators Reading
XAUUSD is above the 80% range of the daily stochastic. Gold is likely to face rejection as the market reaches the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the downtrend.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price is in a sideways trend as it regains bullish momentum. The uptrend is facing rejection at the $1,960 high. The price indicator has shown that Gold is in the overbought region of the market. There is the possibility of price fall.


Source: https://learn2.trade

AUDUSD PRICE REACHES $0.755 RESISTANCE LEVEL, WHAT NEXT?

AUDUSD Price Analysis – March 30
The breaking up of $0.755 level by the bulls may push the price to test the resistance level of $0.763 and $0.770. Failure to break up the $0.755 level may lead to price reversal movement towards the support level of $0.745, $0.731 and $0.717.

AUD/USD Market Key levels:
Resistance levels: $0.755, $0.763, $0.770

Support levels: $0.745, $0.731, $0.717

AUDUSD Long-term trend: Bullish

On the daily chart, AUDUSD is bullish. The currency pair really follow the direction of double bottom chart pattern formed Last three weeks. The currency pair formed a double bottom chart pattern at the support level of $0.968. The bullish momentum in the daily chart increased and turned the former resistance levels of $0.731 and $0.745 to support levels. The price reaches the high of $0.7555 last week and started a consolidation movement.

Daily 46
AUDUSD price is currently trading above the 9 periods EMA and 21 periods EMA which indicate that bulls’ momentum is increasing. The relative strength index period 14 is at 66 levels and the signal lines pointing up displaying bullish direction. The breaking up of $0.755 level by the bulls may push the price to test the resistance level of $0.763 and $0.770. Failure to break up the $0.755 level may lead to price reversal movement towards the support level of $0.745, $0.731 and $0.717.

AUDUSD medium-term Trend: Bullish
AUDUSD is bullish on the 4-hour chart. The sellers’ pressure was terminated at the support level of $0.717 on March 16. The bears’ pressure failed and the buyers gained more pressure to push up the price. The resistance level of $0.755 was tested last week after it penetrated $0.731 and $0.749 levels upside.

4 hours 28
AUDUSD is trading above the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 62 levels and the signal lines pointing up to indicate a buy signal.


Source: https://learn2.trade

EUR/JPY REACHES AN OVERBOUGHT REGION, MAY FURTHER RISE TO LEVEL 136.16


Key Resistance Levels: 132.00, 133.00, 134.00
Key Support Levels: 129.00, 128.00, 126.00

EUR/JPY Price Long-term Trend: Bullish
EUR/JPY pair has broken the previous overhead resistance and may further rise to level 136.16. The first uptrend retraced to the low of level 133.72 and commenced an upward move. Further upward move is unlikely as the market reaches the overbought region. In the first uptrend, EUR/JPY reached the overbought region at level 71 of the RSI but it fell to level 67. Buyers are still pushing the pair to the previous highs which may result in a fall.

EUR/JPY Reaches an Overbought Region, May Further Rise to Level 136.16
EUR/JPY – Daily Chart
Daily Chart Indicators Reading:
EUR/JPY is at level 69 of the Relative Strength Index for period 14. The currency pair is in the uptrend zone and it is resuming upward after the initial fall. The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend.

EUR/JPY Medium-term Trend: Bullish
On the 4- hour chart, the currency pair is in a smooth uptrend. The currency price has been making a series of higher highs and higher lows as the market reaches the high of level 134.64. The pair is likely to further rise if it breaks the resistance at level 134.74. Meanwhile, on March 22 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that the EUR/JPY will rise to level 2.0 Fibonacci extension or level 136.15.

EUR/JPY Reaches an Overbought Region, May Further Rise to Level 136.16
EUR/JPY – 4 Hour Chart
4-Hour Chart Indicators Reading
The pair is above the 80% range of the daily stochastic. EUR/JPY has reached the overbought region of the market. It appears the pair is likely to reach level 136.16. The moving averages are sloping upward indicating the uptrend.

General Outlook for EUR/JPY
EUR/JPY is in an upward move and may further rise to level 136.16. The downtrend will resume if the index fails to break level 134.74.


Source: https://learn2.trade

LITECOIN BREAKS ABOVE PREVIOUS HIGHS, MAY FACE REJECTION AT $140

Key Highlights
LTC price revisits the resistance at $140
LTC/USD reaches an overbought region

Litecoin (LTC) Current Statistics
The current price: $120.91
Market Capitalization: $10,156,071,004
Trading Volume: $1,041,826,323
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis March 22, 2022
Litecoin’s (LTC) price is trading above the moving averages but may face rejection at $140. The cryptocurrency is trading in the overbought region of the market. Buyers are attempting to push the altcoin to the high of $140. On the upside, if price breaks the $140 resistance, Litecoin will rise to either $150 or $160 price levels. Conversely, if the altcoin faces rejection, the market will decline and resume a range-bound move between $115 and $140 price levels. In the overbought region, a further upward move is doubtful as sellers emerge to push prices down.

Litecoin Breaks above Previous Highs, May Face Rejection at $140
LTC/USD – Daily Chart
Litecoin (LTC) Technical Indicators Reading
The altcoin is at level 61 of the Relative Strength Index for period 14. It indicates that the altcoin is in the uptrend zone and capable of a further upward move. The crypto’s price is above the moving average which ensures further upward movement of the cryptocurrency. Litecoin is above 80% area of the daily stochastic. It indicates that the market has reached an overbought region as sellers emerge to push prices.


[b]Conclusion
[/b]On the 4- hour chart, Litecoin is making an upward move but may face rejection at $140. The uptrend has reached the overbought region of the market. Meanwhile, on March 20 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement suggests that LTC will rise to level 2.618 Fibonacci extension or level $135.02

Litecoin Breaks above Previous Highs, May Face Rejection at $140
LTC/USD – 4 Hour Chart


Source: https://learn2.trade

CARDANO (ADA/USD) PRICE MAY BOUNCE AT SUPPORT LEVEL OF $0.75

In case there is an increase in the bulls’ momentum, $1.01 resistance level may be penetrated upside, then, price may increase further to $1.26 and $1.61 resistance levels. Bearish movement may commence towards the support levels at $0.75, $0.70 and $0.60 provided $1.01 level holds

ADA/USD Market
Key Levels:

Resistance levels: $1.01, $1.26, $1.61

Support levels: $0.75, $0.70, $0.60

ADA/USD Long-term Trend: Ranging
ADA/USD is ranging on the daily chart. The momentum of the bulls and that of the bears has been very low in the daily chart. This has led to the ranging of the price within the resistance level of $1.01 and support level of $0.75. It seems the bulls are trying to gain more pressure towards the resistance level of $1.01. Price may increase further as the bulls are preparing to dominate the market.

Daily 31
Cardano is trading above the 9 periods EMA and the 21 periods EMA, as an evidence of an increase in the bulls’ pressure. In case there is an increase in the bulls’ momentum, $1.01 resistance level may be penetrated upside, then, price may increase further to $1.26 and $1.61 resistance levels. Bearish movement may commence towards the support levels at $0.75, $0.70 and $0.60 provided $1.01 level holds. The technical indicator Relative Strength Indicator is at 57 levels with the signal line pointing up indicate buy signal.

ADA/USD Medium-term Trend: Ranging
Cardano is on the ranging movement in the 4-hour chart. The support level of $0.75 holds and the bearish momentum could not break down the mentioned support level. The bulls’ momentum is gradually increasing towards the resistance level $1.01. Cardano market is currently experiencing a ranging movement within the $1.01 resistance level and $0.75 support level. The coin is awaiting a breakout.

4 hours 17
The price is trading above the 9 periods EMA and 21 periods EMA as a sign of increase of bulls’ momentum. The relative strength index period 14 is at 72 levels and the signal line exhibiting bullish direction.


Source: https://learn2.trade

Nigerialabalaba:
big time teacher of professional scammers.

if hin sabi to trade, na for forbes we for find hin name, no be on d lips of marketers wey dey look for suegbes wey go fall mugu.

"The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively."

- Bob Marley

THE THOUGHTS OF A TRADING MAVERICK


Infinite Regret = Infinite Opportunities
It might be difficult to see at times, especially if you’re not currently a benefactor of these — but there is no shortage of incredible, life changing opportunities in the NFT space.

Yeah it sucks if you aren’t minting projects that 100x, and are seeing everyone around you doing that. However the fact that there are projects returning such insane profits, is a very, very, very good thing. It means you are in roughly the right place, at roughly the right time.

This is a numbers game. There is a huge amount of luck involved when it comes to investing in NFTs. Anyone that says otherwise is lying. There’s also a significant element of skill, and that is what we should focus on. Improving our ability to evaluate projects, to research them, to know what is likely to succeed and what isn’t, and then placing our bets accordingly — this is the way.

Nobody can know for sure what projects will pop off. Nobody can know whether a project that has 10x’d will then go on to 100x, or whether it might crash to 0. The best we can do is make educated guesses, over and over and over again.

As time goes on, if you do this, the odds will slant in your favour. This still does not guarantee success, but it guarantees you have a better chance of success.
The Thoughts of a Trading MaverickI’ve said this so many times before but it’s worth repeating so many more times, because I truly believe it: the only thing you need to do to thrive in this space, is to survive this space.

If you go all in and spend your entire bankroll and rent money on a couple of projects that turn to dust, not only are you out that money, but you are out the opportunity cost of not being able to take advantage of all the future opportunities. If you go busto, it’s incredibly hard to recover — not only financially but also emotionally.

This is why the #1 piece of advice I always give to newcomers to this space is to be patient. There is no shortage of opportunities and there is not going to be a shortage of opportunities, not any time soon at least. Don’t feel the need to rush in and FOMO into whatever hot project your favourite neighbourhood influencer is talking about, or what your friends are talking about. Take the time to really learn and understand this space, and the projects in it, and craft a bankroll management strategy that ensures your longevity (let alone your sanity).

Sure, if you have a steady job and a tonne of disposable income and are okay losing a few thousand dollars by minting random projects then by all means — go ahead. Many of us cut our teeth this way, but by and large, we all lost thousands of dollars in the learning process. It was basically the cost of tuition. It’s a great learning experience, but it’s not feasible for most people. As it is, transacting on the Ethereum Mainnet is prohibitively expensive for 99% of the world or something. Consider other blockchains, and consider being patient and biding your time and money before jumping in and parting with your hard earned dollarydoos.

Align your emotions with your actions, not with the outcomes
I was a professional poker player for 15 years. For the most part, for most of my career the difference between the good players and the great players was not technical skill. It was psychological skill and mental fortitude. It was the ability to not tilt, to not play poorly, to not let your emotions rule your decision making. This is not an easy thing to do.
The Thoughts of a Trading MaverickAt some point in my career I received “mental game coaching”. I learned a lot, but probably the single greatest takeaway which I still carry with me to this day is to try to align my emotions with my actions, and not the outcomes of my actions. This is because my actions are within my control, whatever happens beyond that is not.

To continue the poker analogy: the goal is not to be happy when you make money and upset when you lose money. The goal is to be happy when you play well and upset when you play poorly. The goal is to be able to lose a tonne of money but feel fantastic knowing that you made good decisions and knowing that in the long run, if you continue to make good decisions, you are likely to come out ahead. You should also be able to make a tonne of money and not feel like you’re a genius and did everything right — if you played poorly, you should perhaps be a little upset, and critical, and think about what you could do differently next time, even if you came away a big winner….

Every project that I bought into, or passed over, presents opportunities to learn from. Make money or lose money, or make ‘not as much as you could have’, or ‘lose more than you should have’, these are things that are going to happen over and over and over and over and over again. These are things that are not really in our control. The decisions we make, and our reactions to the outcomes, these are within our control.

It’s worth remembering that most people don’t talk about the dark side of this space. It might seem to be all GM, WAGMI, LOVE LOVE LOVE, MOON MOON MOON, etc — it really isn’t. We’re still largely communicating via social media, and we all know that people tend to show off their best side and hide their worst. So we end up comparing our worsts to other people’s bests, and thinking we’re doing something wrong and/or that there’s something wrong with us. We end up feeling the depths of infinite regret.

There’s nothing wrong with you, or me. Know that we all go through feeling down and out about ourselves. Know that we all make mistakes, sometimes huge ones, and sometimes we don’t learn from them, and make the same mistakes again. The goal is not to never make mistakes — that’s impossible. The goal is actually quite simple.
The Thoughts of a Trading MaverickThe goal is to be better today than you were yesterday, and to be better tomorrow still. It is utterly useless to compare yourself to anyone other than your previous self. It is utterly useless to dwell on things outside of your control. It is very hard not to, but it is useless.

Life isn’t easy, it’s not meant to be easy. The NFT space moves at warp speed and amplifies everything. Days feel like weeks, weeks like months, months like years, and a year is a decade. It can be stressful. It can take its toll. It can be all consuming. Your job is to not be consumed by it; to not fall so deep into a pit that you can’t find your way out, and if you do fall in, to ask for help. There is no shame in asking for help, or for taking a break, or for quitting.

If you find yourself in a hole, reach out to a friend. We’re largely a friendly bunch in this web3 NFT space and we all gotta support one another. Investing in NFTs is super interesting in that it’s simultaneously competitive while also being collaborative. Let’s lean into the collaborative side of things and try not to focus on the competitive side. Let’s also break any stigmas around talking about the dark side of NFTs. This is a mentally draining and demanding space, and it can really amplify any mental health difficulties a person might be going through (not to mention creating new ones). Let’s encourage open dialogue with a focus on bettering ourselves, and one another. Not to wallow in self pity (the most useless thing in the world), but to seek support and companionship, and help, and advice, and to navigate this insane space together and not alone.

So much of this space revolves around money. That’s cool. Money is fun, it’s exciting. It lets us pay off debt. It lets us put food on the table and a roof over our heads. It lets us buy fun things. It lets us partake in more experience. It opens new doors and opportunities to be able to make more money. Making money can be addictive. It’s like a game. It’s fun when number go up.

Some things are more important than money. Most things are more important than money. While the space is inevitably going to continue to revolve around money for a very long time, we should try our best to not have our personal lives also revolve around money. I know this is easy for me to say from my ivory tower, but I was not always wealthy. I am fortunate to have never been in poverty, but I have experienced most of the rest of the spectrum. Another comma, another zero, they do not grant fulfillment or true happiness.

Family, friends, health, reputation. Living a good and virtuous life, being a good person, doing good things. Leaving the world a better place than you found it. This, to me, is what true wealth means. NFTs are great, money is great, but never forget that at the end of the day

We are all stardust.

Author: Seneca_33


Source: https://learn2.trade/the-thoughts-of-a-trading-maverick

SILVER (XAGUSD) PRICE: BEARS MAY DEFEND $25 SUPPORT LEVEL TO CONTINUE BULLISH TREND

SILVER Weekly Price Analysis – March 10

In case the bulls defend the support level of $25 and increase their momentum, bullish trend will be restored and the resistance level at $26 may be penetrated. If the daily candle close above it, then, the price may increase further to $27 and $28 price level.

XAGUSD Market
Key Levels:
Resistance levels: $26, $27, $28
Support levels: $25, $24, $23

XAGUSD Long-term trend: Bullish
On the long-term outlook, XAGUSD is bullish. The formation of double bottom chart pattern at the support level of $22 made the Bulls to influx the Silver market. The bulls’ momentum increase and the price increase accordingly. Former resistance levels of $23 and $24 is broken upside and the $25 price level is tested. At the moment, the white metal pulls back to retest the support level of $25 before bulls exert more pressure.

Daily 14
The price is trading above the 9 periods EMA and 21 periods EMA as an indication of bullish movement. In case the bulls defend the support level of $25 and increase their momentum, bullish trend will be restored and the resistance level at $26 may be penetrated. If the daily candle close above it, then, the price may increase further to $27 and $28 price level. Should the bears push the price to penetrate $25 level, the support level at $24 may be tested, and price may decrease to $23 levels. The relative strength index period 14 is at 61 levels and the signal line bending down to indicate a sell signal.

XAGUSD Medium-term Trend: Bullish
XAGUSD is bullish on the 4-hour chart. Last two weeks, pullback was experienced as the bears’ momentum pushed the price from the $25 resistance level. The bulls’ pressure could not break up the level due to weak bullish momentum. Last week, the bulls gained more pressure and the price increase to the resistance level of $26. Price retracement is ongoing at the moment. It is a normal phenomenon in a trending market.


Silver price is trading below the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is displaying a bearish market direction at $45.

Source: https://learn2.trade

GOLD FLUCTUATES BELOW $1,950 RESISTANCE AS IT TARGETS THE $2,020 HIGH

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bullish
Gold (XAUUSD) is in an uptrend as it targets the $2,020 high. The bulls have also broken above the resistance at $1,870. The market has reached a high of $1,950. Presently, Gold is fluctuating below the recent high. On February 24 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Gold will rise but reverse at level 1.272 Fibonacci extension or $2,020.72.

Gold Fluctuates below $1,950 Resistance as It Targets the $2,020 High
XAUUSD – Daily Chart
Daily Chart Indicators Reading:
Gold is at level 69 of the Relative Strength Index for period 14. The gold price has reached the overbought region of the market. There is a long candlestick tail pointing towards the resistance zone. This indicates that the recent high has strong selling pressure. Therefore further upward movement of prices is doubtful. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

Gold (XAUUSD) Medium-term bias: Bearish
On the 4-hour chart, the Gold price is in an uptrend. On February 24, the Gold price rebounded to reach the high $1,950 but was repelled immediately. The price fell above the moving averages as the market continues its upward move.

Gold Fluctuates below $1,950 Resistance as It Targets the $2,020 High

XAUUSD – 4 Hour Chart
4-hour Chart Indicators Reading
XAUUSD is above the 40% range of the daily stochastic. A bullish trend line is drawn showing the support levels of prices. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price is in an uptrend as it it targets the $2,020 high. The market has reached the overbought region. Sellers will emerge in the overbought region push prices down.


Source: https://learn2.trade

GBP/USD FACES REJECTION AT LEVEL 1.3642, MAY FURTHER DECLINE TO LEVEL 1.2914


Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

GBP/USD Price Long-term Trend: Bearish
GBP/USD is in a downtrend as it may further decline to level 1.2914. On the weekly chart, the currency pair has been fluctuating between levels 1.3160 and 1.3800 since October 25, 2021. The downtrend may resume as price breaks below the moving averages. Meanwhile, on October 25 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Pound will fall to level 1.618 Fibonacci extension or 1.2914.

GBP/USD Faces Rejection at Level 1.3642, May Further Decline to Level 1.2914
GBP/USD – Weekly Chart
Weekly Chart Indicators Reading:
The Pound is at level 44 of the Relative Strength Index for period 14. The Pound is in the downtrend zone and below the centerline 50. The pair is capable of a further downward move. The 21-day line and 50-day line moving averages are sloping downward indicating the downtrend.

GBP/USD Medium-term Trend: Bearish
On the daily chart, the Pound is below the moving averages. It has fallen to the low of level 1.3300. The pound will further decline if it breaks below level 1.3300. Meanwhile, on January 27 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that the Pound will fall to level 2.0 Fibonacci extension or 1.2985.

GBP/USD Faces Rejection at Level 1.3642, May Further Decline to Level 1.2914

GBP/USD – Daily Chart
Daily Chart Indicators Reading
The Pound is above the 30% range of the daily stochastic. It indicates that the market is in a bullish momentum. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways move.

General Outlook for GBP/USD
GBP/USD is in a downward move but may further decline to level 1.2914. The Pound will fall as long as it is in the bearish trend zone. Today, GBP/USD is facing resistance at a level 1.3400 high. The pair will fall and revisit the previous low at level 1.3300.


Source: https://learn2.trade

EURUSD PRICE: TRIPLE BOTTOM CHART PATTERN AT $1.11 SUPPORT LEVEL, BULLISH REVERSAL ENVISAGED

Azeez Mustapha
Updated: 28 February 2022
EURUSD Price Analysis – February 28

In case the Bears are able to push the price below the support level of $1.11, then, support level of $1.10 and $1.09 may be tested. Should the just mentioned level is defend by the bulls, the price may continue its bullish trend towards $1.13, $1.14 and $1.16 levels.

EUR/USD Market

Key Levels:

Resistance levels: $1.13, $1.14, $1.16

Support levels: $1.11, $1.10, $1.09



EURUSD Long-term Trend: Bearish

On the long term outlook, EURUSD is bearish. The price action of EURUSD on the daily chart formed a double bottom chart pattern last week. The price reached the support level of $1.11 on November 24, it pulled back and test resistance level of $1.14. The price tested the support level of $1.11 second time on January 28. Today, the price is testing the support level of $1.11 as the third time. Price may bounce up at the just mentioned support level.



EURUSD has penetrated the two EMA downside, the price is trading below the 21 periods EMA and 9 periods EMA heading towards the previous low of $1.11. In case the Bears are able to push the price below the support level of $1.11, then, support level of $1.10 and $1.09 may be tested. Should the just mentioned level is defend by the bulls, the price may continue its bullish trend towards $1.13, $1.14 and $1.16 levels. However, the Relative Strength index period 14 is at 37 levels pointing down to indicate further price reduction.



EURUSD medium-term Trend: Bearish

EURUSD currency pair remains under the bearish control. The price increase to test the resistance level of $1.14 on February 04. The just mentioned level hold the price and it pulled back to retest the previous low at $1.11. A bullish pin bar formed and the price increased towards the dynamic resistance level. Today, the price experience a gap and it falls to test $1.11 support level third time.



The Relative Strength Index period 14 is at 33 levels with the signal lines pointing up to indicate a buy signal.


Source: https://learn2.trade

BITCOIN SLUMPS BELOW $35,000 AMID WORSENING GLOBAL GEOPOLITICAL TENSIONS

Bitcoin (BTC) suffered another wave of sell-off in the Asian session on Thursday, as it fell to the $34,337 low. The rest of the cryptocurrency industry suffered the same fate, as the total market capitalization fell to the $1.5 trillion mark again.

Many analysts argued that the $35,000 level was a critical level for the benchmark cryptocurrency and that a sustained breach below this level could spur additional sell-offs. That said, speculation over the next support level and whether a near-term recovery was possible flooded the crypto space on Thursday.

Notably, the refreshed bearish momentum came due to the risk flight by investors across the financial markets after Russian forces invaded Ukraine on Thursday after Russian President Vladimir Putin said that the country would carry out a “special” military operation in Ukraine and called for Kyiv to surrender.

The broadcast triggered a widespread crash across the equities and crypto market this morning, highlighting the tight correlation between both markets.

Meanwhile, stablecoins recorded the highest overnight trading volume amid the frenzied flight to safe-haven assets. Tether (USDT) recorded a 24-hour trading volume surge of over $50 billion, while Binance USD (BUSD) and USD Coin (USDC) trading volumes spiked by about $8 billion collectively.

With reports of bombing and aggressive military operations in Ukraine, investors remain on edge over a possible retaliation from western powers. Already, the US has imposed some sanctions against Russia and has promised to impose even stricter sanctions. Also, the EU is set to impose “the harshest sanctions ever” on Russia, according to the EU foreign policy chief.

Key Bitcoin Levels to Watch — February 24
As mentioned earlier, BTC continues to suffer intense bearish pressure amid the prevailing risk-off mood in the market, as the benchmark cryptocurrency inches closer to its 2022 low of $33,150.


BTCUSD – 4-Hour Chart on
Notably, we can see the completion of a bearish golden cross pattern on the 4-hour chart, indicating that the bearish trend could persist longer. That said, I expect a sighting of the $33,000 low this week as the market fall to bearish forces.

Meanwhile, my resistance levels are at $36,000, $37,500, and $38,500, and my key support levels are at $36,320, $36,000, and $35,000.

Total Market Capitalization: $1.57 trillion

Bitcoin Market Capitalization: $666.9 billion

Bitcoin Dominance: 42.4%

Market Rank: #1

Source: https://learn2.trade

ETHEREUM REACHES AN OVERBOUGHT REGION, FACES REJECTION TWICE AT $2,700 HIGH


Ethereum makes an upward correction to the high of $2,756
ETH/USD reaches an overbought region of the market

Ethereum ETH) Current Statistics
The current price: $2,647.01
Market Capitalization: $316,852,179,584
Trading Volume: $13,281,411,345
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500

Ethereum (ETH) Price Analysis February23, 2022
Ethereum’s (ETH) price is now in a downtrend as it faces rejection twice at $2,700 high. Ether price fell to the low of $2,563 as bulls bought the dips. The largest altcoin is making an upward correction but it is facing resistance at the $2,756 high. If Ether turns from the recent high and breaks below the $2,500 support, the altcoin will decline to the previous low at $2,300 support. Since January 22, ETH/USD has been consolidating above the $2,300 support.

Ethereum Reaches an Overbought Region, Faces Rejection Twice at $2,700 High
ETH/USD – Daily Chart
ETH Technical Indicators Reading
Ether is at level 43 of the Relative Strength Index for period 14. The market has fallen to the downtrend zone and below the centerline 50. This implies that the altcoin is capable of a further downward move. Ether’s price bars are below the moving averages which give the impression of a further downward move. Ether is above the 80% range of the daily stochastic. The market is in the overbought region. As Ether faces rejection, the altcoin may likely decline.

Conclusion
On the 4-hour chart, the altcoin is in an upward move but faces rejection twice at $2,700 high. The uptrend reached an overbought region of the market. Meanwhile, on February 20 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. the Retracement indicates that Ether will fall to level 1.272 Fibonacci extension or $2,400.42.

Ethereum Reaches an Overbought Region, Faces Rejection Twice at $2,700 High
ETH/USD – 4 Hour Chart

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GOLD (XAUUSD) IS STUCK IN A RANGE, FACES REJECTION AT $1,800


Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700, $1,650

Gold (XAUUSD) Long-term Trend: Bullish
Gold’s (XAUUSD) price is above the moving averages but faces rejection at $1,800. The market ought to rise as prices are above the moving averages. The bulls are yet to keep the price above the moving averages. Since July, buyers have failed to sustain the bullish momentum above the $1,800 resistance level. According to the daily stochastic, Gold is trading in the overbought region of the market. Therefore the current uptrend may face rejection to the downside.

Gold (XAUUSD) Is Stuck in a Range, Faces Rejection at $1,800

XAUUSD – Daily Chart
Daily Chart Indicators Reading:
The gold price has risen to level 56 of the Relative Strength Index for period 14. XAUUSD is in the uptrend zone and above the centerline 50. It is capable of rising. The moving averages are sloping horizontally indicating the sideways trend. Gold price is above the moving averages indicating a possible rise of Gold.

Gold (XAUUSD) Medium-term bias: Ranging
On the 4 hour chart, the Gold price is in a range-bound move. Since November 23, the market has been fluctuating between $1,760 and $1,800. Since July, the bulls have not broken above the $1,800 resistance level. In the same vein, since November 23, the bulls have been defending the $1,760 support. Gold price will resume trending when the range-bound levels are breached. The market will have an accelerated movement if the $1,800 resistance is breached, The market will rally to $1,860 high.

Gold (XAUUSD) Is Stuck in a Range, Faces Rejection at $1,800
XAUUSD – 4 Hour Chart
4-hour Chart Indicators Reading
The market is still above the 80% range of the daily stochastic. It has risen to the overbought region. The Gold price is likely to retrace or fall. In other words, sellers will emerge in the overbought region of the market to push prices down.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) has been trading in a sideways trend since November but faces rejection at $1,800. The price is relatively stable as it fluctuates between $1,760 and $1,800. Presently, Gold is likely to fall as it reaches the overbought region of the market.


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SILVER (XAG/USD) IS AN UPWARD MOVE, BATTLES THE OVERHEAD RESISTANCE AT $28


Key Levels
Resistance Levels: $26, $28, and $30
Support Levels: $24, $22 and $19

XAG/USD Price Long-term Trend: Ranging
XAG/USD price is in a sideways trend but battles the overhead resistance at $28. Following the uptrend on August 3, Silver rallied to a high of $28. The bulls could not sustain the bullish momentum above the recent high. For the past four months, the price has been fluctuating below the overhead resistance. On June 14, buyers were repelled as price breaks below the moving averages. The selling pressure may resume if price breaks below the moving average. Today, XAG/USD is trading at $22 at press time. Buyers are pushing the Silver (XAGUSD) to retest the overhead resistance.

Silver (XAG/USD) Is an Upward Move, Battles the Overhead Resistance at $28

XAG/USD – Weekly Chart
Weekly Chart Indicators Reading:
Silver (XAGUSD) is at level 43 of the Relative Strength Index for period 14. It indicates that the market is in the downtrend zone and capable of further decline. The 21-day line and the 50-day line moving averages are sloping horizontally indicating a sideways trend. The price bars are below the 21-day line and 50-day line moving averages indicating a possible downward move.

XAG/USD Medium-term Trend: Bullish
On the 4- hour chart, Silver (XAGUSD) is in a brief uptrend. The uptrend is expected to reach the high of level $23. Meanwhile, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that Silver will rise to level 1.618 Fibonacci extension or $23.14.

Silver (XAG/USD) Is an Upward Move, Battles the Overhead Resistance at $28

XAG/USD – 4 Hour Chart
4 -Hour Chart Indicators Reading
Silver (XAGUSD) is above the 80% range of the daily stochastic. It indicates that the market is in the overbought region. The market may decline as sellers emerge in the overbought region. The 21-day line and 50-day line moving averages are sloping
upward indicating the brief uptrend.

General Outlook for XAG/USD
Silver (XAGUSD) is in a downward move but battles the overhead resistance at $28. Buyers failed to keep price above the $28 overhead resistance level. The brief uptrend is facing resistance at the high of level $23. The market will further decline if it faces rejection at the recent high.


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NZDUSD BEARISH BAR AIM TO BREAK OVER PRICE LEVEL



NZDUSD Analysis – Bearish Bar Aim to Break Over the 0.67000 Price Level of Influence
NZDUSD bearish bar aims to break over the 0.67000 price level of significance. The bearish order of the market has been a major contributor to market formation. The more their tributes emerge from the market, the more influence they tend to reproduce. Even though the buyers are also indebted in the NZDUSD market analysis, the bears are inclined to break price over another level of significance. This implies that the bearish order flow will continue to increase its price momentum as the market unfolds.


NZDUSD Market Levels:
Resistance Levels 0.72000, 0.70400
Support Levels: 0.68300, 0.67000

NZDUSD Bearish Bar Aim to Break Over Price LevelNZDUSD Long Term Trend: Bearish
NZDUSD market has created both bear and bull cognition in the market. The price first advanced with a quick motion above the 0.72000 level of influence. The candlestick strode upward with a range of influence. The market considerably experiences a short range of accumulation. As a result of the anticipated price accumulation phase, the bears appeared with a robust hand to move the price in another direction. When the bears push the price network downward here, their presence signifies a bearish order flow of influence. They are therefore willing to pay for price movement as price appearance continues to follow this.

After the bearish interference by bringing the price movement down to the 0.68300 price significance, the price activities are now being substantiated by both the bullish price and the bearish price. NZDUSD now displays its market ranging between the levels of 0.72000 and 0.68300 in price influence. However, with bearish influence encompassing the market, the bears are aiming to break over the next price level of 0.67000 for the market to progress.

NZDUSD Bearish Bar Aim to Break Over Price LevelNZDUSD Short Term Trend: Bearish
Following the 4hour chart, the price movement happens to be pursuing a downtrend. The bearish bar aims to break over the price level of influence in the market as it obeys the market’s bearish order. The Parabolic SAR (Stop and Reverse) shows how the market is reinforced in bearish order and the Momentum indicator declines as the price prepares to break over the 0.67000 market level in bearish order.


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GBP/USD HOVERS ABOVE LEVEL 1.3200, MAY RESUME UPTREND


Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

GBP/USD Price Long-term Trend: Bearish
GBP/USD pair is in a downtrend but may resume uptrend. The bears have pushed the altcoin to the low of level 1.3216. This is the previous low of December 7. The market will resume upward if the current support holds. Otherwise, the selling pressure will resume. Meanwhile, on July 19 downtrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that GBP/USD is likely to fall to level 1.618 Fibonacci extension or level 1.3.

GBP/USD – Weekly Chart
Daily Chart Indicators Reading:
GBP/USD is at level 33 of the Relative Strength Index period 14. The currency pair is approaching the oversold region of the market. The price bars are below the 21-day line and 50-day line SMAs indicating a further downward move.

GBP/USD Medium-term Trend: Bearish
On the daily chart, the pair is in a downward move. The Pound price is making a series of lower highs and lower lows. The moving averages are acting as resistance to the Pound. Meanwhile, on July 19 downtrend; a retraced candle body tested the 50% Fibonacci retracement. The retracement indicates that GBP/USD is likely to fall to level 2.0 Fibonacci extension or level 1.2920.

GBP/USD – Daily Chart
Daily Chart Indicators Reading
The pair is above the 25% range of the daily stochastic. The daily stochastic bands are sloping horizontally. The 21-day and 50-day SMAs are sloping downward indicating the downtrend.

General Outlook for GBP/USD
The Pound is nearing bearish exhaustion as it falls to the oversold region of the market. The Pound is hovering above level 1.3216. The currency will resume an upward move if the current support holds. Otherwise, the market will fall and revisit level 1.618 or 2.0 Fibonacci extension or 1.3169 and 1.2920.


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CARDANO PRICE: $1.11 SUPPORT LEVEL MAY HOLD, PRICE INCREASE ENVISAGED

An increase in the bears’ pressure may push the price to the support level of $0.98, below it is $0.82 level. Inability to break down the $1.11 by the bears may lead to price reversal and it may increase the price to resistance levels at $1.32, $1.46 and $2.64.

ADA/USD Market

Key Levels:

Resistance levels: $1.32, $1.46, $1.64

Support levels: $1.11, $0.98, $0.82

ADA/USD Long-term Trend: Bearish

Cardano is bearish on daily chart. The bears dominate Cardano market since September. The bearish momentum decrease the price to $1.87 price level on October 27. The decrease was interrupted with the formation of bullish engulfing candle which indicate the buyers’ pressure. Cardano price pulled back to $2.3 level. Bearish movement was restored the following day and the price falls to $1.11.


ADAUSD daily chart, December 14
Cardano is trading below the 9 periods EMA and 21 periods EMA after broken down the dynamic support levels. An increase in the bears’ pressure may push the price to the support level of $0.98, below it is $0.82 level. Inability to break down the $1.11 by the bears may lead to price reversal and it may increase the price to resistance levels at $1.32, $1.46 and $2.64. The technical indicator relative Strength Index period 14 is at 30 levels with the signal line pointing downside which indicates a bearish signal.

ADA/USD Medium-term Trend: Bearish

Cardano is on the bearish movement on 4-hour chart. Last week, Cardano was under the control of the bears. The bearish momentum pushes the price down to the support level at $1.32. The level was defended by the bulls with the formation of bullish engulfing candle. The price pulled back and increases toward the resistance level of $1.46.



The price is trading below the 9 periods EMA and 21 periods EMA while the two EMAs are crossing each other. The relative strength index period 14 is at 40 levels and the signal line pointing up to indicate buy signal which may be a pullback.

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