top of page
  • Writer's pictureShivkumar

Cryptocurrency & Forex Market Analysis - Jan 17th 2022


  • BTC bulls are struggling to push the price above $ 44,415. It also suggests that bulls are buying at the dips.

  • If they push the price above $ 44,415, they can target $47,987 and clear the path to 52,088.

  • If below $ 44,415, the sellers attempt to sink the price below the critical support at $39,600 and the pair could extend its downtrend.

  • As per 4 hour chart the pair is range bound between $39,600 and $45,456.

  • Bullish above $45,456 and bearish below $ 39,600.


  • The price is on bullish trend targeting $2.95 if above $2.43.

  • If it breaks Fib retracement level 78.6% at $2.51 it could face challenge at $ 2.59, $ 2.71 and 127.2% Fibonacci extension level at $2.88.

  • Downside support at the 61.8% Fibonacci retracement level at $2.38 and $ 2.35.

ALTCOIN - Propy - The first real estate NFT in the U.S.

  • The first real estate functionality of NFTs beyond the digital art space is Propy focused the real estate sector by automating the closing process of home buying to make the entire process faster, simpler and more secure.

  • The success of Propy - the successful completion of the first sale of a real estate NFT and growing potential of NFTs to be used in different use cases.

  • Propy upcoming sale in Tampa marks the first real estate NFT sale in the U.S., Propy completed the first-ever NFT sale back in 2017


Forex & Commodities


  • Its range bound between 1.3661 and 1.3676 so far.

  • The Omicron's impact on growth may ultimate prove moderate.

  • Brexit and Prime minister Boris Johnson political call will hamper major movement for Pound.

  • BOE hawkish approach could underpin the pound as covid risk is less alarming.

  • Nothern Ireland protocol are still set to prove challenging.


  • The bulls are aiming 74.37 and could target 74.70.

  • Downside 74.10 will validate if break of 74 which could target support of 73.70.

  • As per the chart the trend is further weak and bears have control over bull.


  • After the last week fall a correction could be on the cards and could retest $ 1821.

  • As per 4 hour chart they could test $ 1800 and $ 1801.

  • A close above $ 1829 and $ 1830 will negate bearish trend.

The views and opinions expressed here are solely mine. Every investment and trading move involves risk, you should conduct your own research when making a decision. For analysis and investment contact +91-76000-48237.

37 views0 comments
Image by Andrew Neel


bottom of page