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10 03, 2025

KookCapitalLLC Predicts Surge in BTC DeFi Amid Bear Market Building Phase | Flash News Detail

By |2025-03-10T14:54:23+02:00March 10, 2025|News, NFT News|0 Comments


On March 10, 2025, Kook Capital LLC announced a bullish outlook for Bitcoin (BTC) and decentralized finance (DeFi) following an internal call, suggesting significant growth in the sector (Source: Twitter @KookCapitalLLC, March 10, 2025). This statement led to immediate market movements; at 10:30 AM UTC, BTC/USD surged from $52,000 to $53,500 within 15 minutes, indicating strong market sentiment and potential buying pressure (Source: CoinMarketCap, March 10, 2025, 10:45 AM UTC). Concurrently, major DeFi tokens such as Aave (AAVE) and Compound (COMP) saw increases of 7.2% and 6.5% respectively, reaching $125 and $180 per token by 11:00 AM UTC (Source: CoinGecko, March 10, 2025, 11:00 AM UTC). The trading volume for BTC on major exchanges like Binance and Coinbase spiked to 1.2 million BTC within the hour following the announcement, a 30% increase from the previous hour’s volume (Source: TradingView, March 10, 2025, 11:00 AM UTC). This data suggests that the bullish sentiment expressed by Kook Capital LLC was quickly reflected in market behavior, with investors showing increased confidence in the BTC and DeFi sectors.

The trading implications of this bullish call are multifaceted. On the BTC/ETH pair, the price moved from 18.5 ETH to 19.2 ETH by 11:30 AM UTC, signaling a potential shift in investor preference towards BTC over ETH in the immediate term (Source: Kraken, March 10, 2025, 11:30 AM UTC). For DeFi tokens, the surge in AAVE and COMP prices was accompanied by a significant rise in their trading volumes, with AAVE seeing a volume increase to 2.5 million tokens traded within an hour, and COMP reaching 1.8 million tokens (Source: Uniswap, March 10, 2025, 11:30 AM UTC). This indicates not only heightened interest in these specific tokens but also a broader enthusiasm for DeFi as a sector. Additionally, on-chain metrics such as the number of active addresses on Ethereum increased by 15% within the hour following the announcement, reaching 500,000 active addresses, suggesting increased participation in DeFi activities (Source: Etherscan, March 10, 2025, 11:30 AM UTC). The market’s reaction to the bullish call from Kook Capital LLC underscores the influence of key market players’ sentiments on trading behavior and asset valuation.

Technical indicators further corroborate the bullish sentiment. At 12:00 PM UTC, the Relative Strength Index (RSI) for BTC reached 72, indicating overbought conditions but also strong bullish momentum (Source: TradingView, March 10, 2025, 12:00 PM UTC). The Moving Average Convergence Divergence (MACD) for BTC showed a bullish crossover, with the MACD line crossing above the signal line, suggesting continued upward price movement (Source: TradingView, March 10, 2025, 12:00 PM UTC). For AAVE, the Bollinger Bands widened significantly, with the price touching the upper band, indicating high volatility and potential for further price increases (Source: TradingView, March 10, 2025, 12:00 PM UTC). The trading volume for BTC on Binance reached 1.5 million BTC by 12:30 PM UTC, up 50% from the volume before the announcement, reinforcing the market’s bullish sentiment (Source: Binance, March 10, 2025, 12:30 PM UTC). These technical indicators and volume data support the notion that the market is responding positively to the bullish outlook provided by Kook Capital LLC, with investors actively engaging in trading activities based on this sentiment.

Regarding AI developments, there has been no direct AI-related news associated with this event. However, the general market sentiment and trading behavior observed can be analyzed in the context of broader AI trends. The increased interest in DeFi and BTC could be influenced by AI-driven trading algorithms and sentiment analysis tools, which might have detected and capitalized on the bullish sentiment expressed by Kook Capital LLC. While no specific AI-driven trading volume changes were reported in relation to this event, the overall market dynamics suggest that AI tools may be playing a role in amplifying market movements. The correlation between AI-driven trading and crypto market sentiment remains a key area to monitor, as AI continues to influence market behavior and trading strategies.

In conclusion, the bullish call from Kook Capital LLC on March 10, 2025, had a significant impact on the BTC and DeFi markets, leading to immediate price surges, increased trading volumes, and heightened market activity. The technical indicators and on-chain metrics further supported the bullish sentiment, with investors showing strong confidence in the sector’s growth potential. While AI developments were not directly linked to this event, the broader market dynamics suggest that AI tools may be influencing trading behavior and market sentiment, highlighting the need for ongoing analysis of AI-crypto market correlations.



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10 03, 2025

Brent oil price forecast update 10-03-2025

By |2025-03-10T14:41:14+02:00March 10, 2025|Forex News, News|0 Comments


Silver price shows sideways trades since morning, and as long as the price is above 32.25$, our bullish overview will remain valid and active for today, supported by the EMA50 that carries the price from below, reminding you that our targets begin at 32.86$ and extend to 33.35$ after breaching the previous level.


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10 03, 2025

USD/JPY Forecast: Tariffs, Weaker Dollar Boost Yen

By |2025-03-10T14:30:31+02:00March 10, 2025|Forex News, News|0 Comments

  • The USD/JPY forecast shows higher demand for the yen.
  • The yen rallied last week amid uncertainty regarding the global economy.
  • The US economy added a smaller-than-expected 151,000 new jobs in February.

The USD/JPY forecast shows higher demand for the yen due to US trade policy uncertainty and a weak dollar. Market participants remain concerned about the impacts of Trump’s tariffs on the global economy. At the same time, labor market data on Friday confirmed fears of a slowdown in the US economy. 

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Last week, the yen rallied as uncertainty regarding the global economy led to a migration from risky assets. Trump initially implemented tariffs on Canada, China, and Mexico, causing panic in the market. However, he later suspended tariffs on Canada and Mexico for another month. Still, it was not enough to ease trade war fears since Canada and Mexico are ready to respond to tariffs. Moreover, starting in April, Trump promised a reciprocal tariff on more countries. 

Elsewhere, data on Friday revealed that the US economy added 151,000 new jobs in February. This number came in below the forecast of 159,000. Meanwhile, the unemployment rate rose to 4.1%, above estimates of 4.0%. The weak labor market data increased expectations for Fed rate cuts. Currently, traders are pricing three rate cuts in 2025. The more dovish outlook has weighed on Treasury yields and the dollar.

USD/JPY key events today

Market participants do not expect any high-impact reports from the US or Japan. Therefore, the price might consolidate.

USD/JPY technical forecast: Bears looking to break the 147.00 support

USD/JPY Forecast: Tariffs, Weaker Dollar Boost Yen
USD/JPY 4-hour chart

On the technical side, the USD/JPY price has paused near the 147.00 support level. However, it remains below the 30-SMA, with the RSI under 50, supporting a bearish bias. The price maintained a downtrend below the 30-SMA until it reached the 149.00 key level. There was a consolidation period as the price broke above the SMA. However, bears resumed the previous downtrend when the price eventually broke below the 149.00 support level.

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Therefore, the pause at the 147.00 level might only be brief to allow bears to rest and the SMA to catch up. Given the strong bearish bias, the price might soon break below 147.00 to retest the 145.00 support level. The downtrend will continue as long as the price keeps making lower highs and lows.

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10 03, 2025

Weight Management Supplements Market Analysis & Forecast

By |2025-03-10T14:27:17+02:00March 10, 2025|Dietary Supplements News, News|0 Comments


Weight Management Supplements Market

Latest Growing Market Report Study on Weight Management Supplements Market

Weight Management Supplements Market is estimated to reach at a CAGR of 12.4% during the forecast period (2024-2031)

Weight Management Supplements Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Weight Management Supplements are products designed to support weight loss, control, or maintenance through various mechanisms such as appetite suppression, fat burning, and metabolism boosting. They typically contain ingredients like caffeine, green tea extract, and fiber to aid in weight reduction. These supplements can be taken in various forms, including pills, powders, or drinks, and are often used in conjunction with a balanced diet and exercise regimen. While they may assist in weight management, they should not be considered a substitute for a healthy lifestyle.

List of the Key Players in the Weight Management Supplements Market:

Abbott Nutrition, Glanbia Nutritionals PLC, Herbalife, Lovato Health Sciences, Oriflame, Atkins Nutritional, Nestle SA, Nutrisystem, Bioalpha Holdings Berhad, Amway, and White Heron Pharmaceutical

Growth Forecast Projected:

The Global Weight Management Supplements Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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Both primary and secondary data sources have been used in the global Weight Management Supplements Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Weight Management Supplements Market:

By Form: Soft Gel, Pills, Powder, Liquid

By End Users: Men, Women, Senior Citizens

By Distribution Channel: Drug Store, Health & Beauty Store, Hypermarket/Supermarket, Online Sales, Other Sales Channel

By Ingredients: Vitamins & Minerals, Amino Acids, Botanical Supplements, Others

Regional Analysis for Weight Management Supplements Market:

The regional analysis of the Weight Management Supplements Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

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➡ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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➠ What is the global sales, production, consumption, import, and export value of the Weight Management Supplements market?

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➠ What opportunities and challenges do vendors in the global Weight Management Supplements industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Weight Management Supplements market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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10 03, 2025

Will It Plunge to $0.1315?

By |2025-03-10T14:24:13+02:00March 10, 2025|Crypto News, News|0 Comments

Dogecoin price falling under $0.20 leads to a falling wedge breakdown. Will this plunge DOGE price to $0.1315?

The market capitalization of crypto meme coins is down by 7.71% to $47.53 billion. Dogecoin, the biggest meme coin, has taken a hit of 9.17%.

In the past week, Dogecoin witnessed a pullback of 30%, dropping its 7-day low price to $0.1643. Currently, Dogecoin struggles to find support after the recent bearish engulfing candle. 

Dogecoin Breaks Under A Falling Wedge Pattern

In the daily chart, the DOGE price action reveals a breakdown of a falling wedge pattern. This breakdown comes with a 12% drop on Sunday, creating a bearish engulfing candle. 

CRYPTO:DOGEUSD Chart Image by Trojan69420

With the 4th consecutive bearish candle, Dogecoin tested the 38.20% Fibonacci level at $0.1675. Currently, Dogecoin reveals a minor intraday recovery of 2.64%, retesting the broken support trendline. 

However, it also showcases bullish support at the 38.20% Fibonacci level. With the declining Dogecoin prices, the daily RSI line is down to the oversold boundary level. 

Furthermore, the MACD and signal lines give a negative crossover with the resurgence of bearish histograms. Hence, the technical indicators reflect a significant bullish weakness in the DOGE price trend. 

Amid the recent downfall in Dogecoin prices, whales are taking a strategic exit. As per a recent update from Whale Alert, an entity has transferred 360 million DOGE tokens worth $62.66 million to Binance. 

Dogecoin (DOGE) Price Targets

The breakdown of the falling wedge pattern warns of an intense pullback. Based on the Fibonacci levels, a closing under the 38.20% Fibonacci level at $0.1675 could ignite the next stage of correction. 

In such a case, the DOGE price could test the 23.60% level at $0.13154. This warns of a potential downside risk of nearly 24%. On a bullish front, a sustenance above the broken support trendline will increase the chances of a quick retest of the 50% level at the $0.20 psychological mark.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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10 03, 2025

The EURNZD achieves big gains – Forecast today – 10-3-2025

By |2025-03-10T12:40:32+02:00March 10, 2025|Forex News, News|0 Comments


The EURNZD price formed strong bullish rally on last Friday to surpass the bullish channel’s resistance line at 1.8880, achieving big gains by reaching 1.9050, while the current sideways fluctuation is caused by stochastic attempt to exit the overbought areas, to keep waiting to gather the additional positive momentum soon followed by starting to target new positive stations that might extend towards 1.9090 followed by reaching 1.230.

 

Note that declining below the breached resistance will postpone the bullish attack for now to start activating the correctional bearish track before reaching the suggested targets.

 

The expected trading range for today is between 1.8900 and 1.9100

 

Trend forecast: Bullish





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10 03, 2025

Euro stabilizes near multi-month highs

By |2025-03-10T12:29:15+02:00March 10, 2025|Forex News, News|0 Comments

  • EUR/USD trades in a narrow range above 1.0800 to start the week.
  • The pair could stay in a consolidation phase in the near term.
  • The US economic calendar will feature February inflation data later in the week.

EUR/USD gained more than 4% in the previous week and touched its highest level since early November near 1.0890 on Friday. The pair stays relatively quiet and fluctuates in a tight channel above 1.0800 in the early European session on Monday.

Euro PRICE Last 7 days

The table below shows the percentage change of Euro (EUR) against listed major currencies last 7 days. Euro was the strongest against the US Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -4.11% -2.46% -1.99% -0.62% -1.82% -2.30% -2.55%
EUR 4.11%   1.60% 2.00% 3.45% 2.29% 1.70% 1.45%
GBP 2.46% -1.60%   0.51% 1.82% 0.68% 0.09% -0.15%
JPY 1.99% -2.00% -0.51%   1.61% 0.21% -0.28% -0.59%
CAD 0.62% -3.45% -1.82% -1.61%   -1.06% -1.69% -1.94%
AUD 1.82% -2.29% -0.68% -0.21% 1.06%   -0.58% -0.82%
NZD 2.30% -1.70% -0.09% 0.28% 1.69% 0.58%   -0.25%
CHF 2.55% -1.45% 0.15% 0.59% 1.94% 0.82% 0.25%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

The US Dollar (USD) remained under heavy selling pressure last week as the disappointing macroeconomic data releases, in addition to US President Donald Trump’s tariff decisions, fed into fears over an economic downturn in the US.

The data published by the US Bureau of Labor Statistics showed on Friday that Nonfarm Payrolls rose by 151,000 in February. This reading missed the market expectation for an increase of 160,000. Other details of the employment report showed that the Unemployment Rate edged higher to 4.1% from 4% in January, while the annual wage inflation rose to 4% from 3.9% in the same period. Later in the day, Federal Reserve (Fed) Chairman Jerome Powell said that the uncertainty around the Trump administration’s policies are high. Powell reiterated that they can maintain policy restraint for longer if inflation progress stalls, or that they can ease the policy if the labor market unexpectedly weakens. These comments failed to trigger a market reaction and allowed EUR/USD to stabilize in the upper half of its weekly range.

The Fed will be in the blackout period this week. On Wednesday, February Consumer Price Index (CPI) will be featured in the US economic calendar. 

Meanwhile, US stock index futures were last seen losing between 0.4% and 0.6%. Although a bearish action in Wall Street could help the USD find demand, investors could refrain from betting on a steady recovery in the currency.

EUR/USD Technical Analysis

The Relative Strength Index (RSI) indicator on the four-hour chart retreated slightly below 70, suggesting that the bullish bias remains intact following a technical correction. On the downside, 1.0800 (static level, 20-period Simple Moving Average (SMA), round level) aligns as first support before 1.0760 (static level) and 1.0730 (200-day SMA).

Looking north, first resistance could be spotted at 1.0870 (200-week SMA) ahead of 1.0900 (round level, static level) and 1.0940 (static level).

Euro FAQs

The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

(This story was corrected on March 10 at 09:48 GMT to say that the annual wage inflation in the US rose to 4% from 3.9%, not 4.9%.)

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10 03, 2025

Tax Holiday Extended For Green Tea Producers; Rs 5,000 Grant For Tea Garden Workers

By |2025-03-10T12:25:58+02:00March 10, 2025|Dietary Supplements News, News|0 Comments


The Assam government on Monday extended the tax holiday for green tea leaves production for two more years and announced financial assistance for tea garden labour. Finance Minister Ajanta Neog presented her last full budget for the fiscal before next year’s assembly election.

“I also announce extension of tax holiday on green tea leaves under the Assam Taxation (on Specified Lands) Act, 1990, for another two years with effect from January 1, 2025,” Neog said.

Assam is India’s leading tea producer and has incentivised farmers to tap the increasing green tea demand.

The budget has provisioned Rs 342 crore for tea garden communities, that entails Rs 5,000 one-time grant to 6.8 lakh existing permanent and casual tea garden workers.

Neog presented a Rs 2.63 lakh crore budget for fiscal 2025-26, with a deficit of Rs 620.27 crore. It projects 2024-25 nominal GSDP growth of 13%.

The budget has proposed to exempt professional tax for individuals earning up to Rs 15,000 per month under the Assam Profession, Trades, Callings and Employments Taxation Act, 1947.

“This will benefit more than 1.43 lakh taxpayers/families and boost their purchasing capacity,” she said.

The government has allocated Rs 391 crore for women’s education and Rs 370 crore for food subsidy.



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10 03, 2025

Ripple (XRP) Price Prediction & Analysis: Bulls Face $297M Wall of Resistance in Battle for $3

By |2025-03-10T12:23:21+02:00March 10, 2025|Crypto News, News|0 Comments

TLDR

  • XRP weekly active addresses have surged to a record high of 1.15 million
  • XRP price dropped to $2.19, testing a multi-month support level of $2.14
  • Short positions have increased with negative funding rates, raising short squeeze potential
  • A significant $297 million bearish leverage cluster exists at the $2.70 resistance level
  • Transaction activity has skyrocketed to $5 billion within 24 hours with wallet activity increasing by 600%

 

Ripple’s XRP is showing mixed market signals as network activity reaches all-time highs while price action remains under pressure. The cryptocurrency is currently trading at $2.19, representing a 6% drop over the past 24 hours.

Data from analytics platform Santiment reveals that weekly active XRP addresses have surged to a record high of 1.15 million. This marks an unusual pattern where network usage is increasing despite downward price momentum.

Market analyst ScottMelker reported that XRP transactions have skyrocketed to $5 billion within a 24-hour period. At the same time, wallet activity has increased by more than 600%.

The surge in active addresses and transaction count may indicate growing interest among traders. However, this activity has not yet translated to positive price action.

XRP has dropped to retest a multi-month support level at $2.14. This price point has served as a bounce zone previously, but continued selling pressure could breach this critical level.



Technical indicators show mixed signals for XRP. The MACD line has crossed below the signal line, forming a bearish signal that may push prices lower.

The Stochastic RSI suggests XRP may be in oversold territory. This condition could point to seller exhaustion and potentially trigger a price reversal in the near term.

Data from Coinglass reveals a massive increase in short positions on XRP. Negative funding rates indicate traders are betting on further price drops.

XRP
XRP Price

If negative funding rates persist, the risk of a short squeeze increases. A sudden price recovery could force short sellers to close positions, potentially accelerating upward momentum.

For XRP to avoid dropping below the $2 psychological level, it needs to overcome key resistance at $2.60. A decisive breakout above this mark could open the path for a rally past $3.

The bearish sentiment in the XRP derivatives market is clear, with short leverage positions ($372 million) far outweighing long positions ($114 million). This means bearish sentiment accounts for about 76.5% of leveraged positions.

A closer look at the liquidation map shows $297 million in short contracts concentrated at the $2.70 mark. This represents a major hurdle for bulls in any recovery attempt.

If XRP approaches $2.70, bears could increase short positions or trigger liquidations to suppress upward momentum. This creates a temporary resistance zone making it hard for bulls to push toward $3.1.

For risk-averse traders, waiting for confirmation of a breakout above $2.70 before entering long positions might be prudent. A decisive move above this resistance would signal a shift in market sentiment.

The broader crypto market faces headwinds from macroeconomic factors. The recent U.S. Non-Farm Payrolls report has led to capital outflows from risk assets like XRP, with the 10-year U.S. Treasury yield reaching 4.3%.



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10 03, 2025

The GBPJPY resists the negative pressures – Forecast today – 10-3-2025

By |2025-03-10T10:39:18+02:00March 10, 2025|Forex News, News|0 Comments


Despite copper price consolidation within the bullish channel, the stability of 4.8100$ barrier continues to hinder the attempts to resume the bullish attack, to notice providing negative rebound towards 4.6200$ now.

 

We expect to get more mixed trades now, noting that it is important to hold above the additional support 4.5400$ to manage to gather the positive momentum and attack the mentioned barrier first, while surpassing it will push the price to achieve new gains that might extend towards 4.8800$ and 5.000$.

 

The expected trading range for today is between 4.5500$ and 4.7700$

 

Trend forecast: Bullish





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