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Sunday, May 19, 2019

Exxon Mobil starts a bearish movement


Exxon Mobil shares (NYSE:XOM) have started a bearish movement, which follows the recent bullish effort. The bearish movement is expected to become more and more significant over time.

After the dip of December 2018, price rose significantly, moving towards the resistance level at 90.00. Price reached the peak in April 2019, and then began to nosedive.


 The market has now gone below the lower Trendline, and at the same time, the RSI period 14 is very close to the level 30. This is a clean bearish signal.

XOM is expected to test the support levels at 70.00, 65.00 and 60.00 within the next several months.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 
  

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Alibaba Group now in a precarious situation


Alibaba Group stock (NYSE:BABA) is now in a precarious situation. The stock really made genuine bullish effort in recent times, but bear has come in to overpower bull, and things are now experiencing some downturn.

From January 2019 to early May, price was going northwards; but further northwards movement has been rejected as price has come downwards.

4 EMAs are used for this analysis and they’re EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

Until now, the EMAs were sloping upwards, and as a result of the recent bearishness in the market, the EMAs 10, 20 and 50 are now pointing downwards. As price has also dropped below the EMA 200, a Death Cross is expected soon, in case price stays below the EMA 200.

All these point to a possible continuation of the ongoing downtrend in the market, which may eventually lead to a confirmed bearish trend. Yes, things on BABA look really precarious.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng

Forex Trading: BCOUSD (Brent Crude Oil) Price Broke Out at $70, Targeting $79 Level


 

BCOUSD Price Analysis – May 19

The last weekly candle closed bullish; which implies that Brent crude Oil may further increase in price and target supply level of $79 as long as the Bulls increase their pressure.


BCO/USD Market

Key levels:

Supply levels: $79, $87, $98
Demand levels: $70, $64, $58, $49


BCOUSD Long-term trend: Bullish

 

Brent Crude Oil is bullish on the long-term outlook. The Bulls were able to push the Brent Crude oil price above the $70 former demand level. Immediately after the breakup, the Bulls lost its momentum to push up the Brent Crude Oil price further. Likewise, the Bears have not got enough pressure to push down the price; this led to consolidation at $70 levels in the Brent Crude Oil Market. For more than four weeks the price has been ranging on the $70 levels, last week was not exempted.

The Brent Crude Oil price is trading above the two EMAs. The 21 periods EMA is crossing over the 50 periods EMA upside. The stochastic Oscillator period 14 is at 75 levels and the signal lines bending down to indicate sell signal. The last weekly candle closed bullish; which implies that Brent crude Oil may further increase in price and target supply level of $79 as long as the Bulls increase their pressure.


BCOUSD medium-term Trend: Bullish

On the daily chart, Brent Crude Oil is on the bullish movement. On the daily chart, Brent Crude Oil was ranging at $70 level last week. The price was supported by the dynamic support level of 50 periods EMA. The price reversed with the aid of the Bulls’ pressure. The price is currently placed above the $70 level.

The BCOUSD price continues trading above the 21 periods EMA and 50 periods EMA. The Stochastic Oscillator period 14 is above 50 levels with the signal lines pointing up to indicate buy signal in which the BCOUSD price may reach $79 level.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.



Best brokers for 2019:  https://insidebitcoins.com/forex-brokers   

Thursday, May 16, 2019

NEM Trading: XEM Boomed To $124 After Surging 50%, The Buyers Are In Play



NEM (XEM) Price Analysis – May 16

 

In the past five days of trading, NEM market has been maintaining an upward movement, gaining 150% after rising from $0.048 low. As of now, the cryptocurrency holds a market cap valuation of $897.6 million. However, the XEM markets trend in the same direction.


XEM/USD Market

 

Key Levels:
Resistance levels: $0.11, $0.124
Support levels: $0.08, $0.06

On May 10, the XEM market followed an upward movement after a reversal which saw the price action to the $0.124 level before plunging. A further bearish play may plummet price to $0.08 support. Beneath lies the $0.07 and $0.06 levels. The token is currently trading at around $0.095 level.

Since the market started to climb, the blue 21-day moving average has been supporting the market. As the bulls continued to gain control of the market, we can expect the next buying pressure at $0.11 and $0.124 resistance levels.

Considering the 4-hours MACD, XEM is revealed to be following a positive move. More so, the 4-hours RSI has been positioned in the oversold condition, attempting to fall.


XEM/BTC Market
Following the medium-term bearish move, XEMBTC double bottomed price at the 740SAT price level before crossing up the blue 21-day moving line yesterday, lasting the momentum to the peak of 1500SAT before a drop to 1100SAT. The positive move can be seen on the 4-hours MACD and RSI.

Currently, the RSI has reached the overbought area, ready to drop. The close support for a possible decline is the 1100SAT, 1000SAT and 900SAT levels. However, the bulls are in play. The next upward movement could propel price to revisit the 1400SAT and 1500SAT resistance levels.

Meanwhile, the MACD is still pointing higher at the positive zone. We can expect more price increase in the next few hours of trading. Break the 1500SAT surge level, the market may record another price level. For now, ETHUSD remained in a bullish trend.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.


How to trade Bitcoin successfully:  https://insidebitcoins.com/trading/bitcoin    
                         

Sunday, May 12, 2019

Bitcoin Trading: BTC Surged to $7000, Heading To $7800 Level?




Bitcoin (BTC) Price Analysis – May 11

Bitcoin’s momentum has been fast trending higher since the April 2 price increase which confirmed a bullish dominance for the market. As of the time of writing, BTC is trading around $6700 after surging to $7k earlier today. We can expect a further high level to be touched in future trading. If otherwise, BTC may retrace to the previous support.

BTC/USD Long-term Trend: Bullish (1D chart)


Key Levels:
Resistance levels: $7400, $7800
Support levels: $6400, $6000

In our last analysis, we have predicted the next possible highs ($6400 – $6800) for Bitcoin and as of today, BTC price has touched $7000 area following the current positive move in the market. The scenario occurs as a result of a bullish breakout which pushed the bulls to a new level of $7000 after breaking yesterday $6400 level.

Now, the price action is now floated above the rising wedge as $7400 – $7800 resistance lies ahead for the buyers. Meanwhile, there’s a need for the market to retest the break level of $6400 and perhaps $6000 before resuming the green momentum.

The daily RSI is overstretched as the price is solidly supported by the 75 and 50 levels. Currently, the BTC market is positive on the daily MACD

BTC/USD Medium -term Trend: Bullish (4H Chart)

Bitcoin is slowly retracing on the 4-hours chart, trying to retest the previous support area before the bullish continuation. After following the new yellow line on May 29 at $5150 level, BTC market has gained approximately 30% in just twelve days of trading. Howe Today, Bitcoin hit $7000 level as it could further visit $7200 – $7400 area sooner or later. The bullish scenario can be pictured on the 4-hours MACD. In the case of a bearish move, the RSI should be facing down after breaking its yellow ascending line which has been serving as a support for the market.

The close-by support level for the sellers is $6500 – $6400 area. Potentially, the $6250 and $6000 may further be visited.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.



Best brokers for 2019:  https://insidebitcoins.com/forex-brokers