After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges. Pound Depreciation In a sign that Lebanon’s ongoing economic crisis is worsening, the black market exchange rate of the Lebanese […]
submitted by /u/Electrical_Potato_21 [link] [comments]
“I am just some guy of no consequence tapping at a keyboard and I am replaceable. I am Ryoshi,” the Shiba Inu founder previously stated.
Ethereum gained pace above the $1,940 resistance zone against the US Dollar. ETH even spiked above $2,000 and might extend gains in the near term. Ethereum started a recovery wave above the $1,920 and $1,940 levels. The price is now trading above $1,920 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $1,975 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if there is a close above the $2,000 resistance zone. Ethereum Price Gains 5% Ethereum remained supported above the $1,850 level. There was a steady increase and the bulls were able to push the price above the $1,920 resistance zone. The price even jumped above the $1,940 resistance and settled above the 100 hourly simple moving average. Finally, there was a spike above the $2,000 resistance and the price traded as high as $2,010. Ether is now consolidating gains near the $2,000 level. It is trading above the 23.6% Fib retracement level of the upward move from the $1,874 swing low to $2,010 high. There is also a connecting bullish trend line forming with support near $1,975 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com On the upside, an initial resistance is near the $2,000 level. The next major resistance is near the $2,040 level. A proper upside break above the $2,040 resistance might push the price further higher. In the stated case, ether price could rise towards the $2,120 resistance zone. Any more gains may perhaps send it towards the $2,200 resistance zone. Dips Limited in ETH? If ethereum fails to continue higher above the $2,000 resistance, it could start a downside correction. An initial support on the downside is near the $1,975 zone and the trend line. The next major support is near the $1,940 level. It is near the 50% Fib retracement level of the upward move from the $1,874 swing low to $2,010 high. A downside break below the $1,940 level might send the price towards $1,900. The next major support sits near $1,860 and the 100 hourly simple moving average. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now well above the 60 level. Major Support Level – $1,940 Major Resistance Level – $2,000
submitted by /u/iamwizzerd [link] [comments]
submitted by /u/polloponzi [link] [comments]
The Merge on Ethereum is closer than ever as the Ropsten testnet is set to execute its own Merge to give developers a look at what to expect for the real thing.
Built by an anonymous entity. Solved the double spend problem using blockchain. Meant to be a parallel form of economy that demolishes the corruption and monopoly of central banks. Now turned into a speculative asset by venture capitalists and their trigger happy high frequency trading bots that manipulates and capitalize on highly leveraged positions. Supposed…
Read more
Polkadot recovered on its chart, over the last 24 hours the coin surged over 4%. Over the past week, the altcoin did not register much price movement. The altcoin painted a bullish picture today with technical outlook pointing towards a change in price action. The coin regained its lost value quite a bit considering DOT flashed signs of revival. Polkadot has been breaking past resistance lines one after the other and at the moment the coin could aim at its overhead price ceiling. Price started to pick up momentum ever since it moved past the $9 price level. The aforementioned price level is now acting as a support level. Buying pressure returned in the market which indicated that DOT was regaining its bullish price action. Polkadot Price Analysis: One Day Chart DOT was priced at $10.27 at the time of writing. The nearest price floor stood at $9, the other support lines stood at $8.71 and $7.20. Overhead resistance for the coin stood at $11.87, the coin had attempted to trade above the $11 so if the bulls push a little harder then the coin can retest the aforementioned level. If the coin continues to trade above the $11 then the altcoin could manage to trade near the $14.62. The volume of the coin was seen in the green which indicated that the coin was turn bullish. This also signified that the buying pressure was increasing on the chart. Technical Analysis DOT started to display changes in price and the technical pointed towards bullishness. The coin after it surged, tried to rise above the 20-SMA line. At the time of the writing, the coin stood above the 20-SMA line. This indicated that buyers were in charge on the price momentum in the market. The Relative Strength Index noted an uptick on the one day chart. This was in accordance with the above indicator which displayed a rise in buying strength. Related Reading | Negative Sentiment Deepens In Crypto, Why Recovery May Not Last Polkadot registered a buy signal as soon as the buyers came back in the market. Awesome Oscillator depicted green signal bars. The indicator depicts the price momentum of the market. The green signal bars also indicate a buying signal. If the buyers continue to act on it, the price could move above the overhead resistance. The Directional Movement Index was turning positive as the +DI line was slowly moving upwards. The Average Directional Index (Red) was above the 40-mark, this depicted the strength in the price momentum at the time of writing. For Polkadot to maintain its current price action, broader market strength would be required. Related Reading | Polkadot (DOT) Trades Beneath $11; How Soon Will It Target $14?
Bitcoin started a fresh increase and surpassed $31,000 against the US Dollar. BTC could correct gains, but dips might remain well supported above $30,800. Bitcoin is gaining pace above the $30,500 and $31,000 resistance levels. The price is now trading above the $31,000 level and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $31,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if it clears the $32,200 resistance zone. Bitcoin Price Rallies 5% Bitcoin price remained well bid above the $30,000 pivot level. It formed a base and started a fresh increase above the $30,500 resistance zone. The price gained pace above the $31,200 resistance zone and settled well above the 100 hourly simple moving average. Finally, there was a spike above the $32,000 level and the price traded as high as $32,186. It is now correcting gains below $32,000. There was a move below the 23.6% Fib retracement level of the upward move from the $30,234 swing low to $32,186 high. However, there is a connecting bullish trend line forming with support near $31,250 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com An immediate resistance on the upside is near the $32,200 level. The next major resistance is near the $32,200 level. A clear move above the $32,200 resistance level might call another increase. In the stated case, the price could even clear the $32,500 resistance. The next major resistance sits near the $33,400 level. Dips Limited in BTC? If bitcoin fails to clear the $32,200 resistance zone, it could start a downside correction. An immediate support on the downside is near the $31,500 level. The first major support is near the $31,250 level and the trend line. It is close to the 50% Fib retracement level of the upward move from the $30,234 swing low to $32,186 high. The main support is now forming near the $30,800 level. A downside break below the $30,800 support might put a lot of pressure on the bulls. In the stated case, the price may perhaps revisit the $30,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 60 level. Major Support Levels – $31,250, followed by $30,800. Major Resistance Levels – $32,200, $32,200 and $33,400.
