The 50% Fibonacci retracement level is a widely used but technically unofficial Fibonacci level in trading. While the official Fibonacci retracement levels are derived from the Fibonacci sequence (23.6%, 38.2%, 61.8%, 78.6%, etc.), the 50% level is...
On Saturday, ETH/USD experienced a slight gain of 0.59%, reaching approximately $2,470. This increase occurred even as Glassnode reported a drop in Ethereum's market cap dominance relative to Bitcoin. Despite the overall negative trend in Ethereum...
USD/JPY technical analysis Greetings to the Forex community. I hope you enjoy my most recent post analysis. Starting at 149.40, the dollar index declines. Currently, the US dollar is trading at 149.12 cents per dollar. There is a downward movement...
WHAT IS A TWEEZER CANDLESTICK PATTERN _What is a Tweezer Candlestick Pattern?_ The Tweezer candlestick pattern is a technical analysis tool used to identify potential reversals in financial markets. It consists of two candles with identical or...
Bitcoin (BTC) has been trading in a narrow range of around $63,100 for the past week, despite increasing transfer volumes and panic selling from smaller investors. This selling pressure has driven the average daily trading transfer volume up from...