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Posts: 4

Topic: Crypto Club

https://i.ibb.co/YDPk40g/ethusd-forum-1.png


The ETHUSD pair has been declining since the beginning of last month, and this week has reached 2200 near the January lows.

Currently, the quotes of the digital asset are testing the support zone 2343.75–2300 (Murrey [–1/8], the lower limit of the long-term rising channel), below which they have repeatedly tried to break through earlier. If successful, the decline could continue to 1875 (Murrey [3/8] for W1). Downward reversal of Bollinger Bands and an increase in the MACD histogram in the negative zone signal a continuation of the downtrend. However, Stochastic reversal upwards in the oversold zone does not exclude corrective growth to 2656.25 (Murrey [1/8]) and 2812.5 (Murrey [2/8], average Bollinger bands line) but is unlikely to lead to a reversal of the current trend.

Resistance levels: 2500, 2656.25, 2812.5 | Support levels: 2343.75, 2187.5, 1875


https://i.ibb.co/kgRTdtR/eth.png

Re: Crypto Club

https://i.ibb.co/D5jNxPx/xrp-forum-1.png

The XRPUSD pair is falling along with the rest of the cryptocurrency market within a wide downward channel, reaching its lowest level since last March, around 0.4682 yesterday.

The pressure on the sector is still associated with the tightening of the monetary policy of the US Federal Reserve, which strengthens the position of the US currency compared to alternative assets. Also, experts note that due to the arrival of many institutional investors in digital assets, their correlation with the stock market has increased, and the fall of the latter over the past month and a half has harmed cryptocurrencies. As for XRP itself, the legal proceedings between Ripple and the US Securities and Exchange Commission (SEC) are putting additional pressure on the token. The process continues to drag out, and most experts expect it will be completed only next year, although the chances of a faster resolution of the situation remain. In this regard, the survey conducted by Finder among the leading experts in the cryptocurrency market is interesting. According to analysts, if Ripple wins in court by the end of the year, the token will be able to reach 2.55 dollars, and otherwise, it will restore part of the lost positions but will not rise above 0.68 dollars.

https://i.ibb.co/n6wSDLX/xrp.png

The price is testing 0.4883 (Murrey [5/8]). If it consolidates below it, the quotes may fall to 0.3906 (Murrey [4/8]). The key "bullish" level is 0.6130 (the middle line of Bollinger bands). Its breakout allows growth to 0.6836 (Murrey [7/8], the upper limit of the downward channel) or 0.7812 (Murrey [8/8], Fibonacci correction 23.6%). The downward reversal of Bollinger bands and the increase in the MACD histogram in the negative zone indicate the continuation of the downward trend, but the exit of Stochastic from the oversold zone does not exclude corrective growth.

Resistance levels: 0.6130, 0.6836, 0.7812 | Support levels: 0.4883, 0.3906

Re: Crypto Club

https://i.ibb.co/30CPWkB/oil-forum-1.png

The quotes of WTI Crude Oil have been trading for the second month within a wide lateral range of 111 - 95 and cannot yet determine the direction of further movement.

Market uncertainty is supported by two main factors. The possible introduction of an embargo on Russian oil supplies to EU countries contributes to the growth, a decision on this is being worked out, but has not yet been agreed due to the extreme dependence of a number of European countries on supplies from Russia. On the other hand, the strengthening of the exchange rate is hindered by the outbreak of the coronavirus pandemic in China, the world's largest exporter of "black gold". The deterioration of the epidemiological situation in the country can seriously undermine demand.

Recent statements by the International Energy Agency (IEA) and OPEC are also holding back growth. The head of the IEA, Fatih Birol, announced the possibility of bringing additional volumes from reserves to the market if necessary. The cartel's management has again lowered its forecast for the growth of global oil demand this year, citing the impact of the Ukrainian crisis, rising inflation and the development of a pandemic in China. This year, demand may reach 3.36M barrels per day, which is 20K barrels lower than the previous forecast. This situation practically guarantees that OPEC and its allies will maintain the previous insignificant rates of production growth. Nevertheless, despite a number of negative factors for the oil market, fears of the EU's refusal to supply Russian "black gold" still dominate.

https://i.ibb.co/MCWWX4v/oil.png[

The price has risen above the mark of 106.25 (Murray [1/8]), supported by the middle line of the Bollinger Bands, and may continue to rise to the levels of 112.50 (Murray [2/8], Fibo retracement of 23.6%) and 118.75 (Murray [3/8]). The key level for the "bears" is at 100 (Murray [0/8]). If consolidated below it, a decline to 93.75 (Murray [-1/8]) and 87.50 (Murray [-2/8], Fibo retracement of 61.8%) may begin.

Technical indicators do not give a single signal: the Bollinger Bands are horizontal, the MACD histogram is at the zero line, its volumes are insignificant, and the Stochastic is directed upwards.

Resistance levels: 112.50, 118.75, 125 | Support levels: 100, 93.75, 87.5

4 (edited by SolidECN Yesterday 08:26:50)

Re: Crypto Club

https://i.ibb.co/19ZwnRv/xrp-forum-1.png

Sell: 0.414 | TP: 0.3556 | SL: 0.4516

https://i.ibb.co/4JhN5QV/xrpusd.png

Posts: 4

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