The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Crypto Industry News:
Raiffeisen Bank will offer a cryptocurrency trading service in the European Union and Eastern Europe. The launch is scheduled for January 2024. The bank is also starting cooperation with Bitpanda.
Austria's Vienna-based Raiffeisen Bank announced its plan to offer a cryptocurrency trading service to its retail clients across the European Union and Eastern Europe. A new stage in the history of this bank will begin in January 2024. The new service is made possible thanks to cooperation with the Bitpanda cryptocurrency exchange.
Curt Chadha, director of innovation at Raiffeisen Bank, emphasized that the company wants to make it as easy as possible for customers to enter the market:
"The customer can use their mobile device to access Bitpanda's [platform] via the Raiffeisen app. (...) the transaction confirmation will work exactly like an account-to-account bank transfer, with the same security features customers are accustomed to."
Raiffeisen Bank is a giant with assets worth approximately USD 215 billion and serves 17.8 million customers in the European Union and Eastern Europe. The company says it is entering the cryptocurrency market to meet an important need of a "tech-savvy demographic looking for safe and diversified investment options." This group includes customers interested in smaller investments in digital assets.
Technical Market Outlook:
The ETH/USD pair has rebounded from a recent low at $1,902, successfully surpassing the 50-day moving average at $1,994 and is currently testing the intraday technical resistance located at the level of $2,091. With robust and positive momentum, the short-term outlook for ETH remains bullish, so the breakout to the upside might happen any time now. The crucial short-term technical support for ETH is situated at $1,911, and only a clear and sustained breakout below this level would prompt a shift in the short-term outlook to bearish. The next target for bulls is the swing high located at the level of $2,135.
Weekly Pivot Points:
WR3 - $2,298
WR2 - $2,208
WR1 - $2,086
Weekly Pivot - $1,996
WS1 - $1,873
WS2 - $1,783
WS3 - $1,661
Trading Outlook:
The Ethereum market has consistently formed lower highs and lower lows since reaching the swing high in mid-August 2022 at $2,029. For the bulls to sustain the upward trend, breaking through this pivotal level is imperative. The crucial technical support at $1,368 holds significance, and as long as the market maintains trades above this level, the overall outlook remains bullish.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
