Hot Market News
🟢 Polkadot price shows double bottom formation at $5.95, suggesting a bottom reversal setup. Investors can expect DOT to reach the $7.78 hurdle and higher levels if it can overcome the $6.85 blockade. A daily candlestick close below $5.95 will invalidate the bullish thesis. Source: fxstreet.com
🔥🟢 XRP is trading 30% in the last 24 hours breaking past the crucial resistance of $0.50. With this, XRP has also extended its weekly gains to more than 62%. The latest price move comes as the crypto community expects a positive outcome over Ripple’s legal battle with the SEC. Source: coingape.com
⚪️ Litecoin stuck in consolidation. Litecoin on the chart has been virtually unmoved for almost four months now, trading at $52.9. Litecoin’s low correlation with Bitcoin opens the altcoin up to the possibility of a rally if Bitcoin concedes to the market’s fears. Source: fxstreet.com
🟢 Ethereum started an upside correction above $1,250 against the US Dollar, following XRP rally. ETH could gain bullish momentum if it clears the $1,400 resistance. There is a major bearish trend line forming with resistance near $1,385 on the hourly chart of ETH/USD. The pair could recover further it clears the key $1,400 resistance zone. Source: newsbtc.com
🟢 Solana price could show a bounce soon. A daily close above $33.14 should give sidelined bulls permission to the 38.2% Fibonacci retracement level (based on the previous swing high to swing low) marked at $35.95. Invalidation of the bullish idea is contingent upon the June 14 swing low at $25.75 holding up. Source: fxstreet.com
News of the week
Copyright © 2022 – All rights reserved.
NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange | WKN: A161NR | ISIN: DE000A161NR7.
Any trademarks appearing on this website are the property of their respective owners.
The NAGA Group AG is the holding company of various companies, such as NAGA GLOBAL LLC, NAGA MARKETS EUROPE LTD, NAGA Technology GmbH, NAGA Pay GmbH and has a close link with NAGAX Europe OÜ.
RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
Restricted countries: NAGA Group AG does not provide services for the residents of certain countries, such as Afghanistan, Albania, American Samoa, Australia, Barbados, Belgium, British Virgin Islands, Burkina Faso, Cambodia, Canada (including Quebec), Cayman Islands, Central African Republic, Congo, Democratic People's Republic of Korea, Democratic Republic of the Congo, Gibraltar, Guam, Haiti, Iran, Iraq, Isle of Man, Israel, Jamaica, Jordan, Libyan Arab Jamahiriya, Mali, Monaco, Morocco, Myanmar, Nicaragua, Philippines, Russian Federation, San Marino, Senegal, Serbia, Somalia, South Sudan, Sri Lanka, Syrian Arab Republic, Trinidad and Tobago, Tunisia, Turkey, Uganda, Ukraine, United Kingdom, US Minor Islands, US Virgin Islands, USA, Vanuatu, Yemen, Zimbabwe.
