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Article ⇒ Middle East Tensions Push Oil Above $72 as US Stocks Jump

FxNews—On Thursday, WTI crude oil futures increased toward $72 per barrel. This rise comes after the price fell by more than 1% the day before. The focus has returned to the ongoing unrest in the Middle East.

Ethereum Eyes $2,590: Can Bulls Hold $2,505 Support?

FxNews—Ethereum price rebounded from $2,450, the September 14 high. However, the uptick momentum eased when the price hit the 100-period SMA as resistance.


The technical indicators show signs of a bullish trend, with both the Stochastic and RSI 14 rising from the oversold territory. Meanwhile, the Awesome Oscillator histogram has turned green, which is interpreted as a sign that the bull market is strengthening.

Immediate support is at $2,505. The current uptick momentum has the potential to fill the Fair Value Gap at $2,590, provided the bulls maintain their position above the immediate support.

Conversely, the bullish outlook will be invalidated if ETH/USD dips below the $2,505 mark. In this scenario, Ethereum will likely revisit $2,459, and if the selling pressure increases, the downtrend could extend to the October 10 low at $2,330.

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Article ⇒ Litecoin Eyes $71.5 as Bullish Trend Gains Strength

FxNews—Litecoin bounced off the $67.5 resistance, backed by the 100-period SMA. As of this writing, LTC trades at approximately $70.4, testing the 38.2% Fibonacci retracement level.

Article ⇒ Solana Eyes $194 Despite Overbought Signals

FxNews—Solana is in a bull market. It surpassed the Fair Value Gap zone at $172. As of this writing, SOL/USD trades at approximately $176, continuing its bullish trajectory.

Article ⇒ GBPJPY Holds Near 196 as FTSE Gains 0.2%

FxNews—The FTSE 100 index increased by 0.2% on Thursday, which was helped by good company earnings. Barclays announced a Q3 net profit of £1.6 billion, beating the expected £1.17 billion and showing a 23% increase compared to last year.

Article ⇒ Bitcoin Eyes $75K – Key Support and Resistance

FxNews—Bitcoin is in a bull market, above the 100-period simple moving average. The digital gold bounced from $65,200 (the October 23 Low) and is currently trading at approximately $67,000.

Article ⇒ Ethereum Bearish Outlook – Watching $2450 Support

FxNews—Ethereum bounced from the ascending trendline at $2,380, trading slightly above the $2,450 (October 23 Low) immediate support as of this writing.

Bitcoin Eyes $68,750: Bullish Momentum Grows

FxNews—Bitcoin is trading around $66,800, holding above the 100-period simple moving average (SMA) and the critical support level of $65,200.
Technical indicators suggest a mildly bearish trend, with both the Stochastic and RSI 14 declining. However, the Awesome Oscillator’s histogram has turned green, indicating bullish momentum is gaining strength.

In addition to the signal from the Awesome Oscillator, the 4-hour chart shows a long-wick bullish candlestick pattern. Technically, if Bitcoin stays above the 100-period SMA, the bullish move may target $68,750, followed by the $69,580 resistance level.

However, this bullish outlook becomes invalid if the price drops below $65,200.

Good read:

1. Litecoin Retreats from $71.5 Fair Value Gap
2. Ethereum Bearish Outlook – Watching $2450 Support
3. Bitcoin Eyes $75K – Key Support and Resistance

Article ⇒ Ethereum Bearish Outlook – Watching $2450 Support

FxNews—Ethereum bounced from the ascending trendline at $2,380, trading slightly above the $2,450 (October 23 Low) immediate support as of this writing.

Cardano Price Stabilizes: Potential Reversal Ahead?

FxNews—Cardano's price stabilized after reaching the September 9 low of $0.311, influenced by the Stochastic Oscillator signaling oversold conditions. Currently, the ADA/USD pair is consolidating around $0.333, just below the October 17 low of $0.338.

The 4-hour chart showcases a Butterfly harmonic pattern, suggesting a possible trend reversal or consolidation near upper resistance levels. Market momentum remains active, as indicated by an ADX reading of 19 and a rising green Awesome Oscillator.

Despite these signs, the primary trend is still bearish, with prices below both the 50- and 100-period simple moving averages, hinting that any upward movement might be limited to the resistance zones.

Cardano Price Forecast

Attached Image (click to enlarge)

The immediate resistance rests at $0.338 (October 17 low), backed by the Bollinger Bands' median line. From a technical perspective, the upward momentum from $0.311 could target the 50-period SMA, supported by the descending trendline at $0.347, if ADA/USD holds above the $0.323 immediate support.

Please note that the bullish outlook should be invalidated if bears push Cardano's price below $0.323. If this scenario unfolds, the downtrend will likely resume, with sellers initially aiming for $0.3115, the October 26 low.

Furthermore, if the selling pressure exceeds $0.3115, the bears' path to $0.275—2024 all-time low—will likely be established.

Good reads

1. XRP Activity Rises as it Rebounds From a 3-Month Low
2. Litecoin Retreats from $71.5 Fair Value Gap
3. Ethereum Bearish Outlook – Watching $2450 Support

Article ⇒ Solana – MACD Divergence Suggests Consolidation Ahead

FxNews—Solana trades bullish, but the uptrend eased near the October 25 high at $179.0. As of this writing, the SOL/USD crypto pair has begun a downtick, declining toward $172.0, the October 21 high.

Article ⇒ NATGAS Falls to $2.4 Amid Warm Weather Forecast

FxNews—U.S. natural gas futures have fallen below $2.5 per MMBtu after hitting their highest point since October 11. This decline is due to predictions of mild weather, which is expected to lower the need for heating.

Article ⇒ EURUSD Nears Critical 1.078 Support as EU Stocks Rise

FxNews—On Monday, the STOXX 50 index rose by 0.4%, and the STOXX 600 increased by 0.2%, aiming to recover from the previous session’s losses as market sentiment turned more positive.

Article ⇒ BlackRock Bitcoin Stash Hits $27 Billion Milestone

FxNews—Recently, there’s been a lot of talk about Bitcoin ETFs potentially exceeding the holdings of Bitcoin’s mysterious creator, Satoshi Nakamoto. In this context, BlackRock has reached a notable point in its Bitcoin collection.

Article ⇒ Ethereum Eyes $2770 as Bulls Ignore Overbought Warnings

FxNews—Ethereum trades in a bull market above the 50- and 100-period simple moving averages. As of this writing, ETH/USD trades at approximately $2,690, poised to break the October 15 high.

EURUSD Faces Strong Resistance at 1.087

FxNews—The EUR/USD currency pair tested the 100-period simple moving average at approximately 1.087 in today's trading session. This level was backed by Fair Value Gap, making it a robust barrier that can halt the bullish momentum.

Consequently, the price bounced from the 100-period SMA. From a technical standpoint, immediate resistance is at $1.087. If bears maintain a position below that mark, the downtrend will likely revisit $1.076.

Conversely, a cross above the 100-SMA invalidates the bearish outlook.

Editor's pick:

1. Bitcoin Hits 2024 High as Momentum Hints at Overbought
2. Litecoin Pullback to $74 Sparks Bullish Opportunities
3. Ripple Reserves Climb as Bulls Struggle with $0.535

Article ⇒ Cardano Holds $0.347 Support Potential for Uptrend Ahead

FxNews—Cardano trades in a bull market above the 50- and 100-period simple moving averages. The bears tested the $0.347 immediate support in today’s trading session, an expected decline, which the Stochastic overbought signal warned.

Article ⇒ Is Solana’s Drop to $172 a Buying Opportunity?

FxNews—Solana‘s price dipped from $183.3 in today’s trading session, a decline promised by the overbought Stochastic and the Awesome Oscillator divergence signal.

Article ⇒ Crude Oil Stability Shaken by Rising Middle East Tensions

FxNews—WTI crude oil prices climbed to approximately $69 per barrel on Thursday, continuing a more than 2% increase from the previous session. A surprising decrease in U.S. crude reserves fueled this rise.

Article ⇒ Silver Slips to $33 as China Unveils Stimulus

FxNews—Silver prices hovered around $33.5 per ounce on Thursday, maintaining their peak position in nearly 12 years. This surge reflects the growing demand for safe-haven assets amidst the uncertainties of the upcoming U.S. presidential election and the Federal Reserve’s policy decisions.