The imminent economic collapse in Lebanon which the Lebanese Central Bank Governor has warned of may be averted as Prime Minister Saad Hariri announced his resignation amid the country’s largest protests in 15 years. These protests were in response to Hariri’s government announcing austerity measures which included a tax on WhatsApp calls. Protesters demanding Hariri’s…
While many other countries have been taking a back seat and waiting to decide how exactly they should approach blockchain technology, China has been proactively exploring its application in decentralized finance. This week China announced a certification system to regulate a broad range of fintech products. China is clearly priming itself to become a leader…
Ethereum (ETHUSD) continued an ongoing bottoming effort this past week just below the psychologically key 200 whole figure level, trying to position for a more sustainable bounce as hinted by the bottomish weekly and daily RSI, Stochastics and MACD. Nevertheless, before bulls get excited, most will want to first see ETHUSD reclaim the September high. …
Ethereum (ETHUSD) slid this past week back below the psychologically key 200 whole figure level, but remains well positioned for a more sustainable bounce as hinted by the bottomish weekly and daily RSI, Stochastics, and MACD. Nevertheless, before bulls get excited, most will want to first see ETHUSD reclaim the September high. Any successful break…
Ethereum (ETHUSD) bounced this past week back above the psychologically key 200 whole figure level. Bulls are beginning to feel emboldened as seen by the bottomish weekly RSI, Stochastics and MACD, but should watch out for a bit more healthy profit-taking in the next day or so as hinted by the drooping daily equivalents. Further…
Bitcoin (BTCUSD) continued consolidating this past week just above the psychologically key 10k whole figure level, and appears to be near completion of a descending triangle (on the daily and weekly chart). The daily and weekly chart triangle can be described as being a part of a bull flag about to resume higher, with any…
Bitcoin (BTCUSD) spent the past week back above the psychologically key 10k whole figure level, continuing an ongoing 2 month plus consolidation around 10k. BTCUSD is increasingly close to resuming a bull flag (on its weekly and daily chart), with any resumption of the bull markets since the November low likely coinciding with Ripple (XRPUSD)…
Bitcoin (BTCUSD) spent the past week continuing an ongoing 2 month plus consolidation around the psychologically key 10k whole figure level. While bulls see BTCUSD resuming an upchannel or bull flag (on its weekly and daily chart), they should closely monitor Ripple (XRPUSD) and Ethereum (ETHUSD) in their ability to reclaim (after breaking several weeks…
2019 is proving to be a challenging year for central banks and financial institutions across the globe. Global economic growth is slowing and a whirlwind of macroeconomic factors like the US-China trade war, diminishing demand for commodities and global monetary easing are casting a shadow over the economic health of the global financial sector. To…
Ethereum (ETHUSD) spent this past week just below the psychologically key 200 whole figure level. Bulls should get reprieve any day though as hinted by the bottomish daily RSI, Stochastics and MACD, and the descending wedge nearing completion (on the daily chart). The rally could quickly flatten the still slightly downsloping weekly Stochastics. A decisive…