Investors of all asset classes have been keeping a close eye on the Federal Reserve's (Federal Reserve) fiscal policy, which lays the foundation for exploration or emergency safe havens.
The sharp rebound in the US stock market and Sunday's cryptocurrency on January 6th suggests that market watchers expect the Fed meeting to slow its frenzied rate hike. Wage growth in the December jobs report slowed more than expected, and its US service sector-themed activities closed for the first time since May 2020, adding to this cheerfulness. The next motivational factor that could affect the market is the customer Price Index (CPI) data, which is scheduled to be released on January 12th.
Although the cryptocurrency market is likely to benefit from the risky natural environment, the surge is likely to be limited due to the difficulties of digital currency companies. Therefore, along with macroeconomic data, login password traders must pay close attention to information specific to the login password area.
Will the strength of the S & P 500 index (S&P500) and the weakness of the US stock index (DXY) push up the price of login passwords? Let's study the data and charts to find the answer.
After months of horizontal trading, the S & P 500 reached its 20-day moving average (EMA) of 3875 on January 6th. This shows that variability has long been dealt with and is beneficial to customers.
Shuangtou will try to improve its position by pushing prices to the downward trend line. This is a major level that deserves close attention, as the promotion and acceptance above is likely to mean an implicit shift in the trend of development. Subsequently, the index value may bounce back to 4100 and then to 4325.
Contrary to this assumption, if the index value turns down from the current level or the head pressure level, it will imply that the short order will continue to be sold in a reassuring rise. If the gold price falls below the 20-day daily average, the empty order will return to mobile games.
The duo pushed the price of gold above the main pressure level of 105 on January 5, but they were unable to maintain the rebound on January 6. This shows that the empty order continues to be sold in the rebound. Prices continued to fall, falling back below the 20-day daily average (104).
Sales continued on Jan. 9, with bulls pulling prices below the most direct support line around 103.39. If short orders remain at a relatively low level, this will mean the beginning of the next round of declines. The index may fall to 102 and then to the mentality important level of 100.
Or, if the price of gold rises rapidly and rises above 103.39, it will indicate that the requirement is more moderate. The customer will then try to direct the foreign exchange currency to 105.82 points. Raising and closing on this friction resistance may skew the advantages towards both ends in the short term.
On January 8th, BTC (BTC) reached a friction resistance range of $16256 to $17061, indicating that variability has long been dealt with and beneficial to customers.
If the duo maintains a higher level and eventually succeeds in turning $17061 into a support line, the BTC/USDT pair is likely to gradually move northward with a friction resistance of $18388. This level will be a key obstacle.
If the price falls sharply from $18388, it will indicate that the BTC/USDT pair is likely to fluctuate on a large scale between $16256 and $18388 for a period of time.
If the empty order pulls the price below the moving average, the advantages are likely to be skewed in the short term.
Medical ether (ETH) has been rising, near the head pressure level of $1352. The downward trend line sits above this level, so empty orders will do their best to protect it.
If the customer does not abandon too many camps above the pressure level, it will increase the probability of rising above the downward development trend line. If that happens, it will show that the decline is likely to be over. ETH/USDT rates are likely to rise to $1700 at first and then to $1800.
Contrary to this assumption, if the price of gold falls gradually from $1352 and falls below the moving average, it will indicate that traders are selling around the pressure level. This may make the foreign exchange currency linger in the range of US $1150 to US $1352 for a few more days.
BNB (BNB) rose again and soared above the 50-day easy moving average ($268) on January 8th. This shows that there is a strong need at a higher level.
The 20-day moving average (US $258) has begun to pick up, and the relative strength index (RSI) is in the right area, indicating that double heads have an advantage. The BNB/USDT pair is likely to rebound to $300 and then to $318. This area may attract tough sales of empty orders.
In the decline, the first support point is located at the 50-day daily moving average, followed by the 20-day daily average. If it falls below the moving average, it is likely to mean that the empty order is back on the main driver again. Subsequently, the foreign exchange currency could fall to $250.
In the past few days, empty orders have repeatedly failed to keep the price below the support level of symmetrical triangles. This shows that traders bought the decline of XRP (XRP).
The duo will try to push the price up to the triangular resistance line. This is a major level that deserves close attention, as the promotion and reception above is likely to represent the gradual rise of a new round. The XRP/USDT pair is likely to bounce back to $0.42 and later rise to the overall target of $0.46.
Conversely, if the price goes down from the current level or resistance line, it will imply that the foreign exchange currency is likely to be traded in the triangle again. The empty order will have to move down and keep the price below the triangle in order to gain the upper hand.
On January 9th, small trading in Dogecoin (Doge) turned higher, along with an increase in its 20-day moving average ($0. 07). The next step in the price is likely to be the 50-day average ($0.08), where empty orders can be a strong test.
If the price falls from the 50-day daily moving average, but the 20-day daily moving average rebounds, it will show that double heads have been buying dips. This may improve the probability of raising the 50-day moving average. Subsequently, the Doge/USDT pair is likely to accelerate towards 11 cents.
Conversely, if the price turns down and falls below the 20-day moving average, the short order will try again to make the foreign exchange currency fall below the support line around US $0.07. If he succeeds in doing this to the extreme, the foreign exchange currency is likely to gradually fall to $0.05.
Cardano (ADA) bounced back again and improved its 50-day SMA ($0.29) on January 8th. After that, there was a sharp rebound on January 9, which made the price reach the downward trend line in the shape of a wedge.
The 20-day moving average (US $0.27) has begun to pick up, and RSI has jumped into the overbought area, indicating that the double head is dominant. If the customer keeps the price above the contract, the ADA/USDT pair is likely to soar to $0.44.
However, the long light in the candlestick on January 9 shows that empty orders are likely not to be given up easily. This shows that merchants are trying to pull the price to the wedge to cajole the aggressive double end. If he achieves the extreme, the foreign exchange currency is likely to slip into the 20-day average.
Polygon shares soared above the 20-day moving average on Jan. 8, before rising again on Jan. 9.
Duopoly will try to push the price up to the top pressure level of $0.97. If the price falls from this level, but the moving average bounces back, it will show that the relatively low level has attracted customers. This may also increase the probability of a rebound to $1.05.
Another possibility is that the price of gold has fallen sharply from $0.97 to below the moving average. That trend will imply that Marjic / USD is likely to trade sideways between US $0.97 and USD 0.75 for a period of time.
Litecoin (LTC) rebounded from its mobile average on Jan. 6 and soared above its head pressure level of $80 on Jan. 9. The bolder duo will try to take advantage of this trend and push the price above $85.
If he succeeds in doing this to the extreme, the LTC/USDT foreign exchange currency could open a new upward trend. The first goal of the uplink is $106, and then $115. The upward moving average and the RSI in the overbought area indicate that the way to minimize friction resistance is to rise.
Conversely, if the price falls from $85, it may fall to $75 against the foreign currency. If the price rebounds from this support line, the duo will try again to eliminate head friction. Bulls will have to bring oil prices below $72 to gain the upper hand.
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