FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch(EURUSD and AUDUSD) for the day
SK Telecom is now offering a platform where users can trade NFTs with ease and unmatched convenience.
The prosecution searched the headquarters of South Korea's seven main crypto exchanges for three days.
Binance was penalized for not securing a permit to operate in the Netherlands, and it has many customers too.
Tesla unloaded a big part of its cryptocurrency asset a year after Elon Musk said they will not sell their Bitcoins.
FxWirePro- Bull and bear case
BTCUSD breaks significant resistance to $31500 after Panama becomes Bitcoin-friendly. Tower bank, a large financial institution said that it has opened doors to Bitcoin and cryptocurrency investors. It hits an intraday high of $31876 and is currently trading around $30331.
Levels to watch- $27700. Any violation below will drag the pair to the next level to $25000/$21980.
Primary supply zone -$32500 (200-4H EMA). The breach above confirms minor bullishness. A jump to the next level of $37000/$40000/$41500 is possible.
Secondary barrier- $43000. A violation above that barrier targets $46000/$48300.
CCI (50) holds above the zero line in the 4-hour chart.
It is good to buy on dips around $29500-600 with SL around $27700 for TP of $37000/$40000.
ETHUSD pared some of its gains made yesterday, following in the footsteps of BTC. It hits an intraday low of $1848 and is currently trading around $1857.80.
Levels to watch- $1700. Any violation below will drag the ETH to near-term support of $1600/$. Major demand zones are $1419. A breach below targets $1168.
Primary - Barrier- $2000. Any breach above confirms an intraday bullishness. A jump to $2170/$2300.
Secondary barrier- $2500. A breach above that barrier targets $2800/$3000.
It is good to sell on rallies around $2000 with SL around $2170 for TP of $1600.