![]() ![]() Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Risk Disclaimers This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. ![]() When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Conversely, a move back above the breakdown level at $29.650 could lead to a trend reversal back to the upside. However, look for buyers to defend an established horizontal trendline in this area. ![]() Additional selling from the bears could see the price fall to the $28,000 level. ![]() Moreover, the relative strength index (RSI) trades just above oversold levels, suggesting current weakness may have further to play out. The king’s price has started the week by breaking down from a descending triangle, with the 50-day simple moving average (SMA) trading well beneath the 50-day SMA. However, Dogecoin ( DOGE) bucked the trend, adding gains after Doge enthusiast Elon Musk announced plans to rebrand Twitter to X.īelow, we take a closer look at the charts and discuss important trading levels to watch over the next week. Meanwhile, indications from Chinese policymakers about a challenging economic recovery with no mention of stimulus measures also pressured crypto markets. Bitcoin ( BTC) briefly slipped below the closely-watched $29,000 level to start the week after a report surfaced in the Wall Street Journal that Binance CEO Changpeng Zhao (CZ) suggested in a 2019 private conversation that the exchange’s affiliates had engaged in wash trading - an illegal activity used to give the impression of higher trading volumes. ![]()
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