Trading Archives - Page 69 of 70

March 29, 2023

Algorand’s (ALGOUSD) Price Pumps, Even With Low Trading Volume

After hitting the price mark of $0.29, the bears regain strength to turn the market around. The bullish support level at $0.20, which was also supposed to be the brick wall to limit the bear market, broke due to the increased pressure around the price level. But the Algorand buyers were able to sal...

#Algorand #ALGOUSD #Trading

March 28, 2023

Immutable X (IMX) Secures a Strong Basis to Stage a Bullish Cycle

As a response to the strong bullish run that propelled the price of Immutable X slightly above the $1.5 price level, we see the market going in favor of the bears for more than a weak. The brief bearish trend could be in response to the strong bullish move that made the market hit the […]

#Immutable X #IMX #Trading

March 27, 2023

How the IRS Taxes Cryptocurrency

The United States Internal Revenue Service considers crypto as an asset, which implies that crypto income and profits can be taxed. Recall that many of the cryptocurrency exchanges in the United States normally report to the IRS. And since the Know Your Customer “KYC” rule has been depl...

#.blockchain #Crypto #Trading

March 11, 2023

Hedera Hashgraph (HBARUSD) Bear Market Hits a Brick Wall at $0.057

In mid-February, the Hedera Hashgraph bull market had previously hit a brick wall at the $0.089 price level. Although the bull market still has much of its propelling force, it eventually had to succumb to the pressure coming from the main supply line. After a few days of indecision, on February 20...

#HBAR #Hedera Hashgraph #Trading

March 08, 2023

Immutable X (IMX) Price Rebounds to Retest the $1.2 Price Level

At the climax of the aggressive Immutable X bull market of last month, the price came above the $1.2 level, even testing the $1.3 level. But they could not sustain the market above the $1.2 price level because the bear market was triggered and the price was rejected. However, the force propelling t...

#Immutable X #IMX #Trading

March 07, 2023

Polygon (MATICUSD) Price Finds Refuge at the $1.129 price Level

The Polygon bear market that was triggered at the $1.53 resistance level on February 18 appears to be coming to an end at the $1.129 support level. For the previous daily session, the appearance of Doji candlestick patterns was a pointer that the bearish trend is weakening as it approaches the key ...

#MATIC #Polygon #Trading

March 06, 2023

Decentraland (MANAUSD) Reclaims the $0.6 Price Level

As the Decentraland bull market neared the $0.80 price level, the bulls needed to deal with the increased selling pressure around that area. The bears later caught up with the bulls, and this resulted in indecision and a lack of interest in the market. Towards the end of January and the beginning o...

#decentraland #manausd #Trading

February 20, 2023

Storj (STORJUSD) Is Trending; The Market Is Within the Reach of $0.5

The $0.45 price level became a major resistance level after the Storj’s bull market was rejected at the resistance level on February 8. Then a very significant bearish move brought the price down to the $0.38 price level. At this level, the bullish support absorbed the pressure from the suppl...

#STORHUSD #Storj #Trading

February 17, 2023

Polygon (MATIC) Crushes the $1.3 Resistance, and the Price Is Now Above $1.4

The Polygon market encountered numerous resistance levels on its way to the upside, but it was able to keep the price channel moving upward. At each of the points where they encountered resistance, the bulls were able to maintain the support levels above the 20-day moving average. MATIC/USD Price ...

#dYdX #DYDXUSD #Trading