Cardano long-term price analysis: August 2

2020-08-02

  Cardano currently stands at 8th rank with a market cap of $3.46 billion. With the coin trading at $0.1329, the coin is stuck moving sideways with no proper destination in sight. Cardano 1-day chart Source: ADAUSD TradingView The price has 3 possible directions to move, up, down, or sideways.Read More →

Long-Term USD Trends in Focus Ahead of FOMC

2020-07-29

  FOMC Interest Rate Decision, US Dollar, Monetary Policy, Federal Reserve Balance Sheet – Talking Points: The upcoming FOMC interest rate decision may exacerbate the US Dollar’s recent decline USD looks set to extend its losses against its major counterparts after snapping through long-term trend support. Asia-Pacific Recap A mixedRead More →

Ethereum, Stellar, Dogecoin Price Analysis: 29 July

2020-07-29

  For many of the market’s altcoins, a rally was in the works even before Bitcoin’s price hike that enabled it to go past $11k took place. However, in the past day’s time, strong bullish momentum in the altcoin market has seen a dip. For the second-largest altcoin Ethereum, theRead More →

Nasdaq May Fall as Valuation Stretched Close To “Bubble” Level

2020-07-25

  Source: IG Charts NASDAQ INDEX FUNDAMENTALOUTLOOK: Trading at a 50.4 price-to-earnings (P/E) ratio, Nasdaq’s valuation has reached an inhibitive level Rich valuation amid rising Covid-19 viral risk renders Nasdaq vulnerable to a pullback China’s Shenzhen Composite, trading at 31.9 P/E ratio, is also susceptible to profit-taking Nasdaq Index Outlook:Read More →