Dec 7, 2020 Forex News
Today, the pair ETH/USD tried to rise above the level of $600, but again without success. The ETHU/USD pair has only managed to rise above $600 twice since December 1, but it was rapidly losing momentum, approaching the level of 620.
As a result, the pair ETH/USD formed two triangles on the 4-hour chart. The first ascending triangle began to form on November 26. It has support in the form of an uptrend line and is limited by the level of $622. The second descending triangle began to form on December 1. Now it limits the movement of the ETH/USD pair by the level of 600 and 590. And it seems that in the next few hours, the ETH/USD pair will need to decide on further movement.
Looking at the ascending triangle, these patterns appear during an uptrend. They temporarily slow down the price movement for consolidation to continue moving in the direction of the previous trend.
Analysts predict that ETH/USD will move upward through the triangle formed. The current Ethereum consolidation within the triangle increases the likelihood of a higher high forming. Analysts do not exclude that the next high of the ETH/USD pair will be $700 since the breakout of the ascending triangle usually pushes the price up to the maximum height of the pattern. In our case, the height of the triangle is $141 respectively, the ETH/USD pair has a growth potential of $750.
The launch of Ethereum 2.0 has had a positive impact on the network. Investors expect an increase in demand for cryptocurrency soon. Grayscale Investments records the growth of investors who have only Ethereum in their investment portfolio.
Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
Mar 2, 2023 Forex Forecast
Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
Jul 1, 2022 Company News
On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto
Mar 10, 2022 Company News
Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)
Feb 14, 2022 Company News