XM does not provide services to residents of the United States of America.

Cryptocurrencies

post-image

Technical Analysis – LTCUSD completes golden cross but advance pauses

Posted on December 1, 2022 at 3:31 pm GMT

LTCUSD (Litecoin) experienced a massive decline in 2022, plummeting to a 25-month low of 40.30 in June. Even though the cryptocurrency managed to regain some ground after trading sideways for around five months, its rebound appears to have temporarily paused. The momentum indicators are endorsing a positive near-term tone. Specifically, the RSI is ascending above its neutral mark of 50, while the stochastic oscillator is approaching the overbought territory. Should buying pressures persist, the price could initially test the recent rejection region of [..]

post-image

Bitcoin resilient as FTX contagion spreads further into crypto space – Cryptocurrency News

Posted on November 30, 2022 at 3:23 pm GMT

It has been another volatile week for crypto markets as the fallout from FTX’s collapse continues to rattle several crypto-related firms, increasing the broader uncertainty and undermining investor sentiment towards digital assets. Surprisingly, Bitcoin has been holding its ground and even realising some gains despite increasing systemic woes and deteriorating macro conditions.  Are cryptocurrencies slowly getting out of the woods? Knock-on effects persist FTX’s failure has sent shockwaves across the crypto universe, causing cascading blow-ups of several crypto-related companies. The [..]

post-image

Technical Analysis – ETHUSD gains upside traction after hitting double-bottom

Posted on November 24, 2022 at 12:00 pm GMT

ETHUSD (Ethereum) has experienced a sharp decline in the short term, with the price testing its four-month low of 1,070 twice. However, the cryptocurrency managed to bounce back and recover some ground in the last couple of sessions. The momentum indicators currently reflect that negative risks are subsiding. Specifically, the MACD histogram has crossed above its red signal line but remains in the negative territory, while the stochastic oscillator is sloping upwards after posting a bullish cross. To the upside, bullish [..]

post-image

Bitcoin reclaims $16,000 but FTX jitters haunt crypto markets – Cryptocurrency News

Posted on November 23, 2022 at 4:11 pm GMT

On Tuesday, Bitcoin bounced off its two-year low, hinting that the capitulation might have temporarily paused as the king of cryptocurrencies has been trading within the oversold territory for around two weeks. This rebound has been mostly attributed to ‘buy the dip’ strategies, with investors still being concerned about the health and robustness of the broader crypto ecosystem following FTX’s collapse. In the face of a complete market meltdown, investors are urging governments to tighten regulations. Could this rescue cryptos? Domino [..]

post-image

Technical Analysis – ETHUSD rangebound after decline pauses

Posted on November 17, 2022 at 1:45 pm GMT

ETHUSD (Ethereum) has experienced a sharp decline in the short term, with the price hitting a fresh four-month low of 1,070. However, the cryptocurrency managed to recover some ground and has been trading sideways in the last few daily sessions. The momentum indicators currently reflect that near-term risks remain tilted to the downside. Specifically, the RSI is declining beneath its 50-neutral mark, while the stochastic oscillator is descending near its 20-oversold region. Should sellers push the price lower, immediate support [..]

post-image

Crypto markets stabilize but contagion fears loom – Cryptocurrency News

Posted on November 17, 2022 at 8:47 am GMT

Undoubtedly, last week was a turbulent one for cryptocurrencies as the bankruptcy of the second largest crypto exchange in the world, FTX, rattled investor sentiment towards digital assets. Even though prices of major coins have stabilized this week on hopes that the fallout from FTX’s collapse could be contained, more and more crypto-related firms are suspending their operations. In the face of a capitulation, investors are urging governments to regulate cryptocurrency transactions. Is it too late? What happened with FTX? [..]

post-image

Technical Analysis – BTCUSD plunges to 2-year low amid crypto market turmoil

Posted on November 10, 2022 at 2:56 pm GMT

BTCUSD (Bitcoin) has fallen sharply in the last couple of sessions on news that one of the largest crypto exchanges, FTX, is on the brink of default. The king of cryptocurrencies recorded a fresh two-year low of 15,620 before recouping a small part of its losses.   The short-term oscillators are indicating that bearish forces have taken total control. Specifically, the RSI has exited the oversold zone but remains well below its 50-neutral mark, while the MACD histogram is retreating further beneath zero and [..]

post-image

Bitcoin remarkably stable despite high stock market volatility – Cryptocurrency News

Posted on November 1, 2022 at 4:36 pm GMT

Bitcoin and most major altcoins had been trading within a very tight range since early September amid a constantly deteriorating macro backdrop that has severely weighed on traditional-asset markets. Last week though was a relatively good one for cryptos as they gained on the back of improving risk sentiment and a broader equity market rally, which lifted their prices above the upper limits of their recent sideways patterns. On another front, the ongoing earnings season has endorsed the narrative of [..]

post-image

Technical Analysis – BTCUSD jumps above 50-day SMA but advance losses steam

Posted on October 28, 2022 at 12:47 pm GMT

BTCUSD (Bitcoin) has been in a downtrend after the price failed to surpass the 25,200 region in mid-August. Although the king of cryptocurrencies has been trading within a tight range in the past month, it broke its sideways pattern to the upside and crossed above its 50-day simple moving average (SMA). The momentum indicators suggest that bullish forces are subsiding. Specifically, the MACD histogram is weakening above zero and its red signal line, while the RSI is declining but remains [..]

post-image

Technical Analysis – ETHUSD rangebound after decline pauses

Posted on October 21, 2022 at 9:47 am GMT

ETHUSD has been trending downwards since mid-August when the price failed to surpass the 2,030 mark. Even though Ethereum experienced an acceleration of its decline following the successful completion of the Merge in mid-September, it has been trading within a tight range during the past month. The momentum indicators currently suggest that near-term risks remain tilted to the downside. Specifically, the RSI is declining beneath its 50-neutral mark, while the stochastic oscillator is descending after posting a bearish cross. Should selling pressures intensify, the [..]

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.