Ethereum Price Prediction: Long-term (ETH) Value Forecast – July 13

ETH/USD Long-term Trend: Bearish

·         Resistance Levels: $240, $260, $280

·         Support Levels: $220, $200, $180

On June 26, the ETH market reached its peak price of $340 price level. The bulls tested the $340 price level and were resisted. The market fell to the support of the 12-day EMA to commence a range bound move above the EMAs but below the $320 resistance level. The bulls were facing another resistance at the $320 price level after the overhead resistance.

On July 9, the bulls were resisted at the $320 price level and the ETH market commenced a downward correction. The bears broke the 12-day EMA and the 26-day EMA as the downtrend continues. The ETH price has fallen into the previous range bound zone of $220 and $280. The crypto may likely revisit the previous low of $220 price level.

A trend line has been drawn to determine the duration of the bearish trend. A bearish trend is ongoing if the trend line is unbroken. A bearish trend is said to be terminated if price breaks the trend line and another candlestick closes on the opposite of it. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Source: www.bitcoinexchangeguide.com    

Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – July 11

BTC/USD Medium-term Trend: Bullish

·         Resistance Levels: $12,000, $11, 800 ¸ $12,400

·         Support levels: $11,400, $11,200, $11, 000

Yesterday, July 10, the price of Bitcoin was retracing from the $13,000 resistance level. On June 26, the BTC market reached the $13000 price level and was resisted. The price fell to the support of the 26 –day EMA and commenced a range bound move above it. On July 9, the bulls were resisted as price retraced to the support of the 26-day EMA.

From the Fibonacci tool, the price fell to the support of the 0.382 Fib. retracement level. The 0.382 Fib. retracement level is a continuation zone. If the bulls defend this level, the crypto’s price will rise. On the upside, if the bulls break the $13, 000 price level, the crypto’s price will rise and test the high of $14,000 price level. The crypto’s price is above the EMAs which indicate that price is likely to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in an uptrend trend. The 12-day EMA and the 26-day EMA appears to be heading northward. The crypto’s price was in an upward move above the 12-day EMA and the 26-day EMA until the bulls were resisted at the $13,000 price level.
Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source:  https://bitcoinexchangeguide.com

Litecoin Price Prediction: Long-term (LTC) Value Forecast – July 6

LTC/USD Long-term Trend: Bearish

·         Resistance Levels: $140, $150, $160

·         Support levels: $110, $100, $90

The LTC/USD pair is now in a bearish trend zone. The 12-day EMA and the 26-day EMA are sloping horizontally indicating that price is falling and may be range bound. The crypto’s price is below the EMAs which indicate that price may further depreciate. On June 22, the LTC market reached a high of $140 price level.

On June 23, the bulls were resisted and the LTC market was on a downward correction to a low at $114 price level. At the support of the $110, the bulls made an upward move to reach the bullish trend zone. The bulls were resisted again as the price fell below the EMAs. On the upside, if the bulls break the EMAs and price is sustained above it , the crypto will retest the $140 price level.

On the other hand, if the bulls fail to break the EMAs, the crypto’s price will continue its range bound move. From the Fibonacci tool, the LTC price is in 0.50(50%) Fib. retracement level which is a downtrend zone. The 0.50(50%) Fib. retracement was holding as the bulls took control of price. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source: https://bitcoinexchangeguide.com

Can the current upside breakout on Tomco Energy be sustained?

Tomco Energy stock (LSE:TOM) has experienced a bullish breakout following a protracted and boring ranging movement, which lasted for several months.

There was a gradual bullish movement towards the end of June 2019, which translated into a significant upside movement in early July. There has been some bearish retracement in the market, but that may not be sustainable.

The ADX period 14 is close to the level 40, which means the momentum in the market has increased. The  DM+ is above the DM-, meaning bulls are currently reigning.

The MACD, default parameters, has both its signal lines and histogram above the zero line. That is a clean “buy” signal. There is a Bullish Confirmation Pattern in the market.

Really, the outlook on TOM is bright and price is supposed to continue going upwards in spite of the current bearish retracements.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 

Lloyds Banking Group begins to make a weak bullish effort

 Lloyds Banking Group plc shares (LSE:LLOY) do not have much activity on them right now… But price is making effort to go upwards… Albeit gradually.

Price has managed to go above the EMA 21 (though there remains possibility of it going back below the EMA). The Williams’ % Range period 20 is generally pointing upwards, aiming to go into the overbought territory.

In spite of the current threat of breakdown, there remains a possibility that LLOY would go upwards. A movement above the resistance level at 60.00 would strengthen the ongoing bullish bias, while a movement below the support level at 55.00 would negate it.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities