Stocks & Crypto Trading Weekly Analysis for April 19th to April 22th 2022

A weekly report on Altcoin and Crypto Equity covering coins and stocks related to the cryptocurrencies we trade or closely monitor the exchange, with entry and profit taking levels. Intraday analysis on our trading floor of high quality bitcoin, ethereum and traded altcoins and cryptocurrency related stocks including key support and resistance levels.

In cryptocurrency trading services, we use Fibonacci Pinball developed by Avi Gilburt to identify key price areas where cryptocurrencies should reverse, as well as manage support and resistance for trading. With the right strategy, cryptocurrency trading can be very profitable.

Cryptocurrency trading is characterized by extremely high volatility due to the rapid price fluctuations of cryptocurrencies. Whether it is the US dollar or the volatile market, all of these factors have weakened the BTC/USD currency.

The price of ETH is showing bearish signals and could drop to $2,000. According to our daily charts, the market is currently bearish as the BTC/USD coin made a new low this week. XRP is currently trading at $0.61493 and has dropped 0.75% over the past 24 hours. The BTC/USD coin can only initiate an upward correction if the market support from Bitcoin and the broader market rises again.

After a recent bull run, Bitcoin (BTC) is trading well above the 50-day SMA ($2,289), which means the ETH/USDT pair is overextended in the short term. If Bitcoin (BTC) drops again from $45, the BTC/USDT pair could settle in a tight range for a few days. If buyers take Bitcoin (BTC) above $3,607.14, the ETH/USDT pair could continue north towards the next target at $4,528.97.

If Bitcoin (BTC) falls from the current level and falls below the 20-day EMA, the BTC/USDT pair could drop to $52,323.21. If the BTC/USDT pair breaks the $0.69 resistance, it will mean that traders are closing their positions on the rally. If the bears sink and support Bitcoin (BTC) below the 20-day EMA ($579), short-term traders may run. It appears that long-term investors are using the current Bitcoin (BTC) correction to buy.

Ironically, EUR/USD is the next pair as the weekly trading chart remains unchanged around 1st place. The U.S. dollar remains the dominant currency among the most traded currency pairs, accounting for 88% of all trades in the foreign exchange market. The US dollar is one of the popular currencies commonly traded in the foreign exchange market. When you trade the AUD/USD currency pair, you are actually exchanging AUD for USD and vice versa.

Forex (FX or Forex) is a global decentralized foreign exchange market designed for peer-to-peer currency trading. The foreign exchange market is the largest and most liquid market in the world, with trillions of dollars traded every day. Forex trading is simple and easy to get started because Forex traders do not need to own and hold the currency physically or through a bank account. Goldman Sachs has begun offering its clients bitcoin (BTC) trading via forward contracts without delivery, per Bloomberg law.

The development of Ripples in the cryptocurrency market has been remarkable as the popularity of the BTC/USD coin is growing worldwide. The lengthy lawsuit against Ripple remains a threat to XRP prices and has boosted the popularity of the token and Ripple.

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