Azeez Mustapha

There is nothing strange or nothing special on Tern stock (LSE:TERN). Price trended downwards in July, August and September 2018 (despite rally efforts along the way), and it has been consolidating since then. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each […]

ETHUSD Medium-term Trend: Bullish   • Resistance Levels: $230, $240, $250 • Support Levels: $100, $90, $80   The price of Ethereum is still in a bullish trend as price approaches the $120 resistance level. The crypto had earlier broken the 12-day EMA, 26-day EMA and the $100 resistance level to reach the bullish trend […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This is a bear market, although the bearishness is not that strong. Price has been going downwards gradually, targeting the support lines at 1.1300, 1.1250 and 1.1200. These targets may be reached soon, but price may not go seriously below them as a strong […]

BTCUSD Long-term Trend – Bearish   Distribution territories: $5,500, $6,500, $7,500 Accumulation territories: $2,500, $2,000, $1,500   The price of Bitcoin against the US dollar has been pressured down over the past few weeks. The cryptocurrency saw double top shadow Japanese candlesticks between December 9 and 10 at the $3,600 mark, signaling the bulls weren’t […]

RPUSD Medium-term Trend: Ranging   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   The XRPUSD pair has continued to consolidate at the $0.30 price level. There has been no significant price movement in the last 24 hours as the crypto made a bullish movement to the high of $0.31. […]

XRPUSD Long-term Trend – Bearish   • Distribution territories: $0.50, $0.55, $60 • Accumulation territories: $0.20, $0.15, $0.10   XRP has been on a bearish trend, as the crypto started its downward movements last week to hit the $0.35 mark. The crypto’s market price has since kept on declining, hitting a low of $0.30, below […]

GOLD (XAUUSD) Dominant Bias: Bullish Gold has been making attempts to go upwards this month. The attempt started on November 13, when price reached the monthly low of 1195.90, and since then, price has gained roughly 5200 pips. This has generated a bullish signal in the market (both in the long-term and the short-term). The […]

BTCUSD Long-term Trend – Ranging   Distribution territories: $5,600, $6,600, $7,600 Accumulation territories: $3,000, $2,000, $1,000   The price of Bitcoin against the US dollar has been declining in the last few weeks, going from over $6,400 to little under $4,000 before recovering. Recently, the cryptocurrency’s price made a push past the $4,400 accumulation territory. […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The bias is neutral in the short-term and bearish in the long-term. Last week, price swung upwards and downwards without having a directional movement. That is going to change this week, as a prolonged directional movement is expected, which would most probably favor bulls, […]

XRP Price Medium-term Trend: Bearish   Resistance Levels: $0.56, $0.58, $ 0.60 Support Levels: $0.36, $0.34, $0.32   Yesterday, the price of XRP was in a bullish trend. On November 28, the digital asset was resisted at the price of $0.40. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which […]