In the Spotlight: Is ETHUSD Poised For an Uptrend?

ETHUSD has been trading in an increasingly tight range +/- the $250 handle. The consolidation seems to be forming a bullish pennant; a breakout from the upper trend line could signal a resumption of the uptrend. Like what you just read? Follow our Facebook, Twitter and LinkedIn and never miss an update from us!  Remember […]

In the Spotlight — ETHUSD and Possible Play-Outs

ETHUSD broke and closed convincingly clear of the $175–180 resistance zone on 11 May. Price action is currently capped by the upper bounds of an ascending channel, and more importantly, a cluster of sellers at the psychological $200 level. $200 is a key level for the pair. Should ETHUSD succeed in breaking and holding above, […]

In the Spotlight: BTCUSD and Its Ascent

06 April 2019 We had been watching for a sharp continuation leg upward in BTCUSD since early April, mirroring the end-2018 breakdown of prices, which underwent a similar two-leg move down after breaking below an extended symmetrical triangle. Patient longs have been rewarded as Bitcoin has gone parabolic, in a rally of remarkable proportions, even […]

In the Spotlight: BTCUSD

Is this a sign the crypto winter is thawing? BTCUSD has formed its first bullish golden cross since October 2015. This bullish signal follows a 35% rally for Bitcoin, and its resurgence has also been reflected in record contract trading volumes in the CME futures market earlier this month. Stay ahead of the markets with […]

Market Thoughts: Streaming Wars

Markets ended the week on a high note after several major banks kicked off the earnings season with decent numbers. Chinese export data for March also rebounded, bolstering optimism in the global economy. The S&P 500 gained for a third straight week, up 0.5% as it rose through the key 2,900 level for the first […]

In the Spotlight: ETHUSD Analysis

On 28th March we explored whether ETHUSD was due for a steep rally to test $160 resistance. That scenario played out with ETHUSD rallying along an ascending channel to test, and then break beyond resistance. The pair is now consolidating in the $175 resistance region. A clear breakout beyond this zone targets $200, then $220. […]

In the Spotlight: GBP/USD and ETH/USD

The British rejected all of Theresa May’s proposed Brexit models, causing the Pound to retreat. May earlier promised to resign from office once Brexit was delivered, in a bid to win support for her deal from her Conservative Party colleagues. But despite early signs that her gamble could pay off, none of the eight options […]

In the Spotlight: ETH/BTC

The ETHBTC pair been consolidating in a long-term triangle since its highs from early Feb 2018 and is approaching a technical inflection point. The pair seems to be testing its long-term descending trend line and may find some price support in the form of its 200-day SMA. A break above the trend line could see […]