Digital currency exchanges will be assigned by the end of April

Digital currency exchanges will be assigned by the end of April

By the end of this month, the necessary instructions for digital currency exchanges in free and special economic zones will be announced. During the meeting of the Secretary of the Supreme Council of Free and Special Economic Zones with the Governor of the Central Bank, it was decided to issue the necessary instructions for issuing licenses for the establishment of digital exchange offices in the regions by the end of April, after finalizing and approving the bylaws. Also, regarding the allocation and provision of foreign exchange for the activities of production units and traders, in this meeting it was decided that the necessary coordination be done between the Secretariat of the Supreme Council of Free and Special Economic Zones and the Ministry of Industry, Mines and Trade. Notify this ministry.

Coordination to provide the necessary guarantees for the use of foreign funds was another issue raised at the meeting. Also, the amendment of the decision to establish an offshore bank in order to encourage domestic and foreign investors to establish these banks and to issue a license to establish a digital exchange or Ramzarz exchange in free zones were other issues that were raised at the meeting. Special conditions should be considered for free zones through the Central Bank in order to establish an offshore bank.

The increase in the price of bitcoins and cryptocurrencies in recent months in Iran has also attracted a lot of attention; Last year, the extraction of cryptocurrencies was considered an industrial activity in the country, but their exchange was banned.

In the last days of last year, it was announced that the exchange of cryptocurrencies is unrestricted only for the official extraction of cryptocurrencies for import, but trading in this type of currency between individuals is prohibited. Central bank officials also stressed the ban on cryptocurrency transactions between individuals under the Supreme Council for Combating Money Laundering and a cabinet decision in 1998, in which Shaparak announced to its payers that it would block electronic portals provided by unauthorized businesses, including cryptocurrencies. They will be.

EURUSD analysis Tuesday, March 16

EURUSD analysis Tuesday, March 16

The short-term trend of the euro against the US dollar is neutral. From the buyers' point of view, if the EURUSD pair crosses above the $ 1.89 slight resistance, the 55-day moving average at $ 1,2049 will be the next target of the market. A definite break of these levels will mark the end of the correctional movement starting from $ 1,2348 and the EURUSD will be ready to hit the price peak again. However, from the sellers' point of view, the failure of $ 1,1834 will pave the way for the market to correct 38.2% Fibonacci at $ 1,1694.

5cryptocurrencl currencies to watch this week - Monday, March 8

5 cryptocurrency currencies to watch this week

 
Bitcoin Fund Indicators (BTC) strengthened after the US Senate passed a $ 1.9 trillion support package bill on March 7. If traders' reaction to the bill is similar to that of April 2020, then cryptocurrencies could see another powerful rally.

This stimulus package increases the focus on the devaluation of the US dollar. According to Peter Brent, these concerns could lead some investors to turn their assets into hard or bitcoin assets instead of keeping them in Fiat currencies.

In addition to investors, a growing number of large companies are deciding to protect their Fiat reserves by buying bitcoins. Following the acquisition of significant amounts of bitcoin by reputable companies such as Microstrategy, Tesla and Square, a Chinese company called Meitu has now announced that it has added $ 40 million in bitcoin and ether to its assets.

If other companies around the world follow these steps and invest part of their treasury reserves in Bitcoin, there will be a kind of imbalance between supply and demand, and as a result, prices will skyrocket.

In the continuation of this discussion, we will examine the charts of the top 5 cryptocurrencies of the week that may resume their upward trend in the short term.

BTC / USD

On March 5 and 6, Bitcoin fell below the 20-day moving average (at $ 48,484), but the long tail on each candlestick indicates that buyers are ready to buy at lower levels. The bulls (buyers) are currently pushing the price towards the upward resistance of $ 52040.

While the 20-day moving average is flat, the Relative Strength Index (RSI) has begun to rise to a high of 58, indicating cows trying to return.

If buyers can push the price above this resistance, the BTC / USD pair may once again touch the $ 58341 record. Breaking this level could start the next stage of the uptrend, which may continue up to $ 71,212.

Contrary to this assumption, if the price falls from this upward resistance and falls below the level of $ 46,313, the price of this pair may fall to the average of the 20-day moving average at the level of $ 42861. This level is likely to act as a strong support.

If the pair returns from this support level, they may spend a few more days in the consolidation phase. But if the bears push the price below $ 41,959.63, traders may be in a hurry to exit, which could lead to a possible change in the bitcoin movement.

In the pair's 4-hour chart, a reverse head and shoulder pattern is formed, which is completed by the breakout and closing of the price at the level of $ 52040. This uptrend has a $ 61075 target.

20-EMA has started to rise and the RSI has reached above the level of 62, which indicates a slight advantage for the cows.

If the price falls below current levels or the resistance overhead breaks the $ 47,000 minister, this uptrend will lose its credibility. Such a move could pave the way for further support at $ 41959.

UNI / USD

After a three-day consolidation period near the $ 29 level, UNI broke the upward resistance yesterday. If the cows can keep the price above $ 29, the outlook for the resumption of the uptrend is strengthened.

Both moving averages have an uptrend, and the RSI is in the buying saturation zone, indicating that the cows are in control. If the UNI / USD pair rises above $ 33, the next price level to look out for is $ 38 and then $ 46.

If the price falls below the current level and falls below the 20-day moving average ($ 25.31), this uptrend will be invalidated. In such a situation, the pair may fall to the level of $ 22 and then the simple 50-day moving average ($ 19.78).

The pair's 4-hour chart shows that the bears are likely to strongly defend the $ 32 upstream resistance. However, if the cows do not allow the price to fall below 20-EMA, it will indicate their strength. A break above the $ 32- $ 33 price range could kick off the next phase of the uptrend.

If the price falls below the 20-EMA, this uptrend will be invalidated. Such a move would indicate that traders are taking action to raise profits when prices rise. After that, the pair could fall to 50-SMA.

THETA / USD

The THETA cryptocurrency is currently in a strong uptrend. Although the price of this Altcoin fell on March 7 (March 17), but the long tail on the candle on March 8 (March 18) shows the purchase at low price levels. Corrections in a strong uptrend usually take one to three days, after which the main trend resumes.

 

Moving bullish averages and the RSI being close to the buy saturation zone indicate that the cows are in control of the market. If buyers are able to push the price above $ 4.72, the THETA / USD pair may resume its uptrend to $ 5.73.

Conversely, if the price falls from $ 4.50 to $ 4.72 above the resistance area, it is likely to fall to the 20-day moving average ($ 3.58). The return of the price from this support level shows that because the cows continue to buy this currency when the price falls, the positive sentiments of the market remain strong.

If the bear pulls the price below the 20-day moving average, a deeper correction to the 50-day moving average ($ 2.82) is possible. Such a move indicates a momentary weakening of the currency and may delay the resumption of the uptrend.

The 4-hour chart of the THETA / USD pair shows that the 20-EMA is rising and the RSI is in the positive zone. If the bulls can push the price above the downtrend and keep it at the same level, the pair may touch the $ 4.72 level again. The defeat of this resistance can start the next stage of the uptrend.

On the other hand, if the price continues to correct, it will probably find good support in 20-EMA. In this situation, the cows are again trying to bring the price to levels above the downtrend line. However, a break below the 20-EMA could push the price down to $ 3.85.

VET / USD

Vicin is currently limited in the range of $ 0.0345 to $ 0.060774. The price had reached the resistance level during this period, but yesterday's long wick of the candle shows a profit reservation near the level of $ 0.060774.

However, the moving averages have an uptrend, and the RSI is in the positive zone, indicating that the path with the least resistance is an uptrend. If the bulls can move the price above the level of $ 0.060774 and maintain that level, the VET / USD pair can start the next stage of its uptrend.

The first target in this uptrend is $ 0.087048 and if it crosses this level, the pair may reach $ 0.10.

Contrary to this assumption, if the price falls below the current level, the VET / USD pair is likely to fall to the 20-day moving average ($ 0.047). The return of this support shows that the uptrend remains unchanged, but a break below this support may be followed by price movements in a limited range.

 Cows have not yet allowed prices to fall. If the pair returns from the 20-EMA, the cows will once again try to push the price above the resistance level.

If they can keep the price above $ 0.060774, the next stage of the uptrend may begin. However, if the price falls below the 20-EMA, the selling pressure is likely to intensify and the price will fall until further support at the 50-SMA.

LUNA / USD

Over the past few days, the Terra Token (LUNA) has been consolidating in the range of $ 5 to $ 8.50. Both moving averages have an uptrend, and the RSI is located near the buy saturation zone. This fact shows that the path with the least resistance is the ascending path.

On March 5, the cows were able to push the price above this level, but with this price failure, the upward movement did not continue and on March 6, the price of LUNA fell below $ 8.50. This indicates that demand has declined at higher levels.

However, if the cows do not leave the field, they indicate that traders are waiting to buy at lower price levels. In the event of such an event, buyers may try again to start the next phase of the uptrend. If successful, the LUNA / USD pair could approach the $ 12 level.

Long wicks on candlesticks above $ 8.50 indicate a higher profit margin. The cows are also currently trying to defend the 20-EMA. If the price returns from the current level, buyers will try again to resume the uptrend by pushing the price to higher levels of resistance above $ 8.50 to $ 9.

Conversely, if the bears can pull the price below 20-EMA and keep it there, the pair may reach 50-SMA. If the price returns from this level, the LUNA / USD pair is likely to consolidate in the upper half of this range for some time. The price drop below the simple moving average of 50 indicates the fact that the price may be in the range of $ 5 to $ 6.

Ethereum cryptocurrency review Sunday, February 14

Ethereum cryptocurrency review Sunday, February 14

Over the past week, Bitcoin and Atrium have managed to rise in price above $ 1,700 and $ 45,000, respectively. This trend continued until the ETH reached its all-time high of around $ 1870 before beginning its short-term bearish correction.

After a bit of correction, the ether traded below the support level of $ 1,800 and $ 1,780. However, the cows continued to operate above the $ 1,750 level. The lowest price level of this currency is around $ 1761 and is currently well above the simple moving average of 100 (4 hours).

Ether tries to touch the $ 1820 resistance level. This level is close to the 50% Fibonacci retracement level of the recent correction trend of $ 1870 to $ 1761. In addition, the 4-hour chart of the ETH / USD pair is forming a significant uptrend line with support around $ 1,800.

In the uptrend, the first major resistance is close to the $ 1840 level. Fibonacci retracement level of 61.8% The downtrend of the $ 1870 price ceiling to the $ 1761 price level may also act as a significant resistance.

In the uptrend, the next major resistance is close to the $ 1870 price record. A break above $ 1850 and $ 1870 is likely to pave the way for a steady upward trend. In this case, the next target of the cows in the short term will be the level of $ 2,000.

If Atrium fails to cross the $ 1,850 level, it will likely face a bearish correction. The first major support in this downtrend is close to the support of the trend line and the level of $ 1800.

A break below the trend line support is likely to be accompanied by a long-term decline below the $ 1761 level. In this case, the next main support is close to the level of $ 1640 or a simple 100 (4-hour) move.
Main support: $ 1800

Main resistance: $ 1870

An overview of the cryptocurrency market today Saturday, February 7

An overview of the cryptocurrency market today Saturday, February 7

After another jump that pushed the BTC to $ 41,000, the cryptocurrency traded below $ 40,000. The value of the cryptocurrency market also reached a slump above $ 1.2 trillion.

Bitcoin touched the $ 41,000 level

After Monday's price drop, the price of Bitcoin was gradually rising until it exceeded the $ 37,000 level. Following this move, the cows raised it above $ 40,000.

In addition, Bitcoin touched the $ 41,000 price level. Thus, the market's top cryptocurrency was just $ 1,000 away from its record 42,000 (approximately 2%).

At this point, the bears took action and did not allow the currency to move further. On the contrary, BTC returned to the daily low of $ 38,000. However, since then, with a slight improvement in price, it has returned to the level of $ 39,000.

Technically, BTC still has to cross the $ 40,000, $ 40,735 and $ 41,000 resistance lines to challenge the $ 42,000 level. Conversely, support levels of $ 38,550 and $ 38,000 could help if prices fall again.

Cardano's new record

In the last few days, most alternative coins have been so successful that they have set new records for currencies such as Atrium, Polkadat and Binance Coin. As a result of these developments, the total value of the cryptocurrency market also reached a record $ 1.220 trillion.

However, the situation has changed somewhat in the last 24 hours. Atrium has dropped more than 2% and is currently trading below $ 1650. Bitcoin Cash (5%) also fell below $ 460. China Link (4-%), Polkadat (2-%) and LightQueen (4-%) are also red today. While BNB and XRP have made small gains.

In addition, Cardano showed the best performance among the top 10 currencies in the market with a significant increase of 23%. As a result of this move, the ADA has reached $ 0.67, which is the highest price for the currency code in the last 3 years.

Decentraland (30%), Dogecoin (21%), Quant (16%), Avalanche (16%), Huobi Token (14%), Elrond (14%) and Decred (13%) have all experienced double-digit price growth. .

Vs. Nexo (-11%), FunFair (-10%), Alpha Finance Lab (-10%), 0x (-9%), Ampleforth (-8%) and Ren (-7.5%) a significant percentage of They have lost their value.

EURUSD Wednesday, January 28

EURUSD  Wednesday, January 28

The EURUSD pair is fluctuating above the support of $ 1,2052 and the short-term trend of the Euro against the US Dollar is neutral. From the sellers' point of view, the break of the support of $ 1,2052 could revive the correctional movement that started from $ 1,2348. In this case, the short-term trend of EURUSD will fall to $ 1.1887 at the correction of 61.8% Fibonacci. However, in the eyes of buyers, if the EURUSD crosses above the resistance level of $ 1,2188, it can be prepared to hit the price level of $ 1,2348 again.