MARKET NEWS

Latest Articles

    Featured Articles

    Filter By Topic
    Baxia Markets
    By
    March 16, 2022

    Ethereum breaks resistance at $2,660

    technical analysis top header -01

    The cryptocurrency is on a three-day winning streak where it managed to make 9.6%, the price now trades above the short-term moving average and it's getting closer to the new resistance at $2,800.

     

    The Bollinger bands are wide and starting to open up, particularly the upper band, suggesting that an uptrend might continue in the short to mid-term. The pair trades in between the bands, suggesting that the price is at a fair level, which could incentivize investors to open long positions on the asset.

     

    ETH March 15th

     

    The relative strength index is at 53% which will allow the pair to continue climbing for the short and mid-term until it reaches an overbought status at 70%, the parabolic SAR indicator suggests that the price will continue climbing, strengthening the Buy signals.



    We love to hear new ideas from traders and want to know what you think! 

     

    If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.

     

    Try Risk-Free Demo  

     

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 

     

    Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

    Subscribe by Email