Dogecoin leaps the previous year’s rank and is now one of the top 35 cryptos of the global market after hitting a yearly high at $0.0138 in the last week against the greenback. But with the loss of traction in the market and nosediving of the largest cryptocurrency, Bitcoin is also seen testing immediate support at $35k. Dogecoin that is believed to have a concurrent motion with that of BTC, is now opting for a bearish crossover due to a clear correction below $0.0100 and currently trades at $0.00858.
As per the Dogecoin Prediction, the previous year’s price trend was nothing but a flat line against the US Dollar with intermittent dips and rises except the current year’s bullish candle that led to strengthening from $0.00455 to above $0.0100.
Dogecoin, after a clear rise, has leaped from trading amongst the top 50 cryptos of the market to trading amongst the top 35 due to a massive gain in momentum and active supports. With escalating momentum and price, there is a stupefying gain in the addresses of Dogecoin for over the past five months now.
#Dogecoin stands at 3.07 addresses and has seen ~48k new addresses each month for the last five months.
Dogecoin’s price was seen drawing bearish candles at the time of writing, and the price nosedived below $0.0100 to currently trade at $0.00858. Even though Dogecoin price plunged due to lack of traction but is still holding support from 50-day and 200-day daily MA at $0.00512 and $0.00350, respectively.
However, just when DOGE/USD breached the three-yearly high and fresh 1-year price at $0.0137, the price trend was clearly hitting above the upper band. However, with downward correction, it pulled back and fell into the range of 20-day BB on the daily chart. With a long bearish candle, the price pulled back below $0.0070 but is still away from testing daily supports from medium and long-term MA.
With DOGE having weakened by over 35% from the fresh yearly high, the MACD chart shows that the MACD line moves towards the signal line for bearish divergence, and the RSI also pulls back from the overbought region slightly lies at 60.43.
Ethereum hits the target of $1000 and trades even higher at $1256, at the time of writing with a straight bullish candle stretched right from $713 to $1294 on the 7-day chart. However, ETH’s ATH back in 2017 was above $1400 at $1425, and the coin is yet to break the same price area. But with Bitcoin trading at its All-Time High Price marks, the largest altcoin by market capitalization is also luring massive momentum.
As per the recent Ethereum price prediction, the coin gained a spiking momentum right from September 2020 and is holding until the time of writing. The All-Time High price of ETH is definitely in reach, and with the same traction, the coin can trade even higher, just like Bitcoin flagging 100% above its previous ATH of 2017.
Ethereum Price Analysis
At the press time, Ethereum price was spotted above $1250 and crossing the upper Bollinger Band on the 7-day chart. As the Bollinger Bands widen, there is a greater possibility of widening bullish volatility in the near-term. In this regard, the ETH coin retains support from 50-day and 200-day weekly MA at $370 and $322.
Following the traction of Bitcoin, Ethereum is not trading any lesser than the former and holds strong technical bullish divergence. The MACD draws a clear bullish crossover as the MACD line crosses above the signal line and the RSI stretches above 70 to lie at 88.30 due to the amplified demand of the crypto.
Stellar trades amongst the top 10 cryptos of the global crypto market as the currency breached over 3-year resistance against the US Dollar. Stellar marks a breakthrough amongst the top 10 and leaves behind Chainlink, Binance Coin, Bitcoin SV with its staggering momentum. The XLM price trades at $0.339 after crossing above $0.400 with a long candlewick breach in the wee hours of the trading session today.
Stellar Lumens is more than a cryptocurrency, and the platform is just proving XLM’s investment worthy. In this respect, it was just at the onset of the week when Ukraine Government chose Stellar Organization to help develop an infrastructure for a Central Bank digital currency.
Therefore, as mentioned in XLM Price Prediction is a cryptocurrency and a lucrative platform that is expanding its horizons. Stellar is definitely making the most of it in terms of the huge network base lured by the growing price.
XLM Price Analysis
At the time of writing, Stellar has already exploded and breached the upper BB on the daily chart with a massive price pump but was trading below $0.35 after having formed a bearish reversal candle. With the massive gain in price, XLM is almost breaching a three and a half year high against the greenback and has enticed the investors. The volume is hitting skies as Stellar breaks through the stagnant growth, and therefore, the market cap is over $7 billion.
The intraday movement has been commendable as it was just yesterday when XLM had a breakthrough. The technical of the currency draws an overwhelmed bullish sentiment with massive trading volume. The MACD is completely bullish with the fact that there has been a massive gain in the price of the XLM coin. The RSI is already crossing the overbought zone due to the massive demand for security and lies at 79.61.
Zcash, one of the top 35 cryptocurrencies of the global market, is seen trading with a negative sentiment after a bearish candlewick stretched from the trading price of $75 to as low as $66, while currently trades $68.3. Moreover, ZEC price has pulled back to trade below $80 since the beginning of the month after hitting the lower high at $90 in the previous month.
Alongside as per Zcash price prediction and technical analysis from experts, ZEC coin had tested support around $50 and $51 thrice in 3 months starting from September until the time of writing. Moreover, the ZEC coin gained notably after the major market crash in March when it corrected as low as $18.06 to hit a YTD high at $102.28 and has strengthened by over 400%.
The degree by which Zcash gained is bewildering compared to other major altcoins and the largest cryptocurrency, Bitcoin. The latter is seen trading with a pullback over the past 24 hours, and after a 3-week consolidation, Bitcoin price nosedived below $19k and currently trades at $18.2k.
Summarizing Zcash’s price movement over the past two weeks, we see that ZEC/USD’s price trend is drawing a clear lower high pattern followed by three descending price ranges, i.e., $90, $82, and $76.
Zcash Price Analysis
Today, Zcash was seen trading at $68.30 and has intraday retrieved from the daily lows at $66, wherein it was close to testing 50-day MA daily support at $65.91 followed by $64.24. With the bearish candlewick extended, ZEC/USD breached the lower Bollinger Band after a volatile movement recorded in the past three months.
The price movement of Zcash since September 2020 reflects a clear rejection at $75 before the lower high hit in the previous month at $90. The intraday price slash led to drawing a bearish crossover on the daily chart after a downtrend over the past two weeks. The RSI is seen inclining towards the oversold region, with a marginal decrease in the price of Zcash, leading to a slash in demand, currently lying at 47.22.
It is easy to earn money through online casinos provided you by the tricks. There are different kinds of casino games and you can earn money by knowing the skills required in all of them. The different kinds of skill-based games are poker, blackjack, and roulette. However, apart from skill, luck is also important in games like roulette. You never know which number is going to come out in a game of roulette.
There are large chances that in online gambling games, the casino has a better opportunity. So, no one can win a lot of money by playing such games. You can’t predict the outcome of a roulette table or a slot machine. So, the casino is going to win a large number of times and you can’t have a lifetime of making money through these games. So, a roulette wheel can’t allow you to win all the time, but you can minimize the loss by avoiding the wrong wagers.
How to win some real money in a game of roulette?
Choose an authentic casino: It is important to understand that wherever you play the game of roulette, it should be a fair organization. It’s because then you are assured that the game of roulette is not rigged. That’s why the site should have the mark of the United Kingdom Gambling Commission. This is how you can assure that playing online is completely safe.
Don’t bet all your money: You should not put your entire money in a wager in a roulette game. It is also tough to gauge other players when you are playing an online roulette game. The best way you can warm up your way in the game is to actually play in the free variants of the game in the brick and mortar games.
Take some free spins: You get to know about all the factors after playing this game in the free version. In a real game, you can also check how swiftly the wheel moves. You can also get to know about the wheel biases, where the ball gets itself again and again.
You get to know how your dealer is like, the payout, and the table structure with free spins. You also get some idea of the roulette wheel which helps you in predicting your wins. You just have to register with a casino to get free spins. You can get free spins without depositing any money in a casino in Las Vegas. Sometimes you have to pay some casino bonuses to enjoy free spins. So there are many platforms available which offer Bitcoin casino no deposit bonus.
Play European roulette: Moreover, one should decide to play European roulette, since the chances of winning are high. There is always the feature of house edge means the casino has a better chance of winning the game, but since American roulette has 38 numbers on the wheel, your chances of winning are low.
In roulette, it is better to place your bets on chances of getting odd/even numbers or red and black numbers. Although the payout is low in these kinds of bets, they are the best way to make money in online roulette.
Moreover, Professional roulette players don’t bet the amount they win, but only bet the initial bankroll they have come with to the casino games. They use the winning amount as a backup.
You should play on a table that has the least minimum bet and the highest maximum bet. One of the ways to take advantage of a game of roulette is the Martingale Strategy. Every time, you lose with a wager, you place the same wager next time by doubling the money. This strategy assures that you are able to cover all your losses by doubling the bet. You can click here to stay updated and get more information about it.
Slot machines
To be better at slot machines in online gambling, you need to choose a slot machine app that helps you practice more. To choose a slot machine, you need to calculate the return to player percentage. This percentage is about the betted money that a machine gives back to all its bettors, as per CasinoNewsZ. You can find information about such a machine using search engines. There are websites about online casino games news that have content written about the slot games and their RTP percentages.
A bitcoin casino offers swift payments because they are made in bitcoins. Hence enjoy yourself in games and earn more too.
eTrader is the pioneer platform of online brokerage, which specializes in providing access to significant foreign currencies along with other financial instruments. With its headquarters in Cyprus, eTrader permits the retail traders and the holders of company funds to open accounts and conduct trading. Execute trading and investment on the most advanced and efficient platform. Avail of the most incredibly valuable educational material at eTrader to advance your knowledge of online trading. Invest and trade on the eTrader platform to explore the lucrative and richly profitable American, European, and Asian indices. Read an honest and detailed eTrader review and invest today.
Quick facts
A few fast facts before launching into the eTrader review:
eTrader allows trading in a wide variety of financial instruments that include Shares, precious metals, Forex, and CFDs
The trading involves standard lot sizes
The spreads begin from three pips on Euro Dollar
The minimum amount of the initial deposit is $250 as a wire transfer
The minimum amount for the initiation of trade is $100
Professional clients receive leverage up to about 1:100
Salient features of the eTrader platform
Account types
Besides the demo account, the trader can open either of the two types of accounts on eTrader. These two types include a company account and a personal account. If a user is seeking to trade in individual funds, then he should open a personal account.
On the other hand, if the individual wants to trade on behalf of his business, then he should open a company account on eTrader. Traders need to register on eTrader with certain documents like address proof, bank account information, and so on. For company accounts, users need to furnish valid business documents to conduct trade and investment on eTrader.
Platforms
The platform of eTrader is highly secure and advanced. The users can personalize the dashboard, integrate various plugins, and get access to comprehensive trading reports. The user-friendly interface of the platform appeals to every user. One can access eTrader easily from desktop browsers, smartphones, and other devices of iOS and Android. Download the mobile app from the app store to get access to live data, execute trading, and manage the account. The platform portability is one of the highlights of the eTrader review.
Trade sizes
For every Forex pair, the size of the standard lot is 100000 units of the fundamental currency. Therefore, the minimum level of the trade size is about 0.01 lots. eTrader provides comparatively limited leverage, which constrains the maximum position size. However, the broker does not mention the maximum trade size on the website. The maximum margin call is 100%, and that of Stop-out is 50%. The user needs to login to his account to check for margin calls. Constant monitoring of every activity is mandatory for successful trading. The eTrader platform sends alerts if the margin call reaches 100%. The trades enter the liquidation stage when the margin call is 100%.
Leverage
The user can receive up to about 1:30 in leverage. Some pairs of currencies offer a leverage of up to 1:20. Initial users of eTrader can set the leverage level, which should not exceed 1:30. The advanced traders who possess a profitability track record can receive up to about 1:100 in leverage. eTrader reserves the right to modify the leverage amount. It does so when the trader loses a huge amount of money through risky trading. One may consider the leverage value to be a drawback of the eTrader review, but the low leverage ensures safe trading.
Assets
Besides currencies, the user can also trade in stocks, indices, and commodities on eTrader. The trader can get access to more than sixty pairs of ForEx too. Some of the most exotic currencies on eTrader include Hungarian forint, Brazilian real, Czech krona, and more. eTrader permits the account holders to conduct trade in the CFDs of companies in the UK, the US, Germany, Japan, Hong Kong, and other countries. The user can trade in shares as well. The shares include equities in the EU and the US, and Hong Kong markets. Furthermore, eTrader provides access to significant market indices, and different types of commodities like agricultural products, energy, and metals.
Spreads
eTrader deals with the floating type of spreads, beginning from three pips. The lowest spreads include pairs of AUD.GBP, EUR.JPY, AUD.USD EUR.USD, USD.CAD, NZD.USD and GBP.USD. The exotics possess to the tune of hundreds of pips. Pairs like the Russian ruble possess spreads in the thousands.
Deposit method and cost
The user can make deposits into the eTrader account via several modes. These modes include wire transfer, MasterCard and Visa, and DotPay. There is no separate fee for making deposits. The broker does not accept deposits in cash. However, the banks or financial institutions might charge a separate fee. There is no limit on the maximum amount of DotPay and wire transfer deposits on eTrader.
Withdrawal method and cost
On eTrader, the method of withdrawal of funds is only through wire transfer to the user’s bank account. There is no separate fee for the withdrawal, although the bank might charge an amount. The minimum amount of transfer is $250.
Bonus and promotion
If you work for eTrader and open a local eTrader office in your area, then you can be a part of the Tied Agent program. For this program, the user has to show that he has no registration with any other brokerage firm in the country.
Pros and cons
According to this eTrader review, the following points are the pros and cons of the eTrader platform.
Pros
A very nominal amount of fee for trading in the broadest range of instruments
Easily accessible from any device of any operating system
Hassle-free online trading in foreign currencies
Free access to educational content upon registration
Lucrative bonus and promotion facilities
Highly profitable returns on investments
Cons
There are limitations on the leverage
The spreads are not sufficiently convenient
The mobile app is not as thorough as the browser-based application of eTrader
Conclusion
The eTrader review reveals that the platform is excellent for the beginner as well as advanced traders. The value of leverage may seem to be low, but it is an improbable deal-breaker, thereby less prone to trade risks. Novice traders can learn the art and strategies of trading from the wide variety of educational content available on eTrader. The company account on eTrader perfectly suits the financial goals and commercial objectives of big businesses. The platform is robust, efficient, highly secure, and completely regulated. Even though the spreads are a tad too high, eTrader is still a pioneer in its field.
A World Bank report says that forest fires in Indonesia caused an economic loss of $5.2bn, which equals 0.5% of Indonesia’s GDP.
Farmers in Indonesia burn the agricultural land in the dry season to prepare it for cultivation. The smoke from these fires affects other people and even other countries.
The World Bank assessed the impact of the fires in the eight affected districts between June and October 2019. Officials said that the losses might be even greater as the fires had raged through November.
The report says,
The forest and land fires, as well as the resulting haze, led to significant negative economic impacts, estimated at $157mn indirect damage to assets and $ 5.0bn from affected economic activities.
Over 900,000 people suffered respiratory diseases and 12 national airports and hundreds of schools had to be closed in Indonesia, Malaysia, and Singapore due to the smoke from the fires. Indonesian officials are blaming El-Nino weather patterns for amplifying the health effects of the forest fires this year.
Over 942,000 hectares of forest and agricultural land were burned in Indonesia this year. Additionally, 44% of the land burned were peatlands; thus, carbon emissions from the fires were double that from fires in the Amazon jungle earlier this year.
Thus, El-Nino and the burning of a large peatland area have caused a perfect storm that has engulfed not only Indonesia but its neighboring countries as well.
The report explicitly states that the fires are human-made and this problem has existed since 1997, hinting that successive Indonesian governments have dragged their feet on the matter, which has led to the current crisis.
About 720 megatonnes of carbon dioxide were released into the atmosphere due to the forest fires in Indonesia between January and November this year, according to the European Centre for Medium-Range Weather Forecast.
As a result of the fires, the World Bank has cut Indonesia’s growth estimates by 0.09% in 2019 and 0.05% in 2020.
The World Bank report warns that the health effects from the fires could harm the global image of palm oil, the main commodity exported by Indonesia.
Residents of Morgantown city in West Virginia took out a rally in favor of marijuana decriminalization. The rally was started on the streets of Morgantown and ended at the city council. Members of the city council had been deliberating on the matter, and many of them remained unconvinced with regards to the benefits of marijuana. Officials of the council stated that a final decision on the matter should be made by February next year.
The residents who had gathered on Spruce Street raised the slogan, “Go green, keep it up, go green, keep it up go green.” While the rally was in progress, members of the council also spoke about the concerns with regards to marijuana legalization.
Rachel Fetty, Deputy Mayor, said,
There was a time when I believed that this weed could cure a wide variety of illnesses, however the newer data that I’m hearing is not promising, it’s not promising for some of the things we were hopeful that this drug would work for.
Rusty Williams, who is a patient advocate, spoke about the issue and went on to state that marijuana users should not be stigmatized. Williams said that cannabis that there is a propaganda against cannabis for “100 years” and that there is a perception that only “hippies” use it. He went on to say that many people from all walks of life have used marijuana for medical purposes and have had no negative effects at all.
Investors almost always look for cuts in the interest rate so that they are able to get capital at a cheaper rate and invest in the market. More often than not, it is something that has always been an expectation from investors, but it is unlikely that they are going to get their wish at each instance. However, over the past few months, there has been a widespread belief that the United States Federal Reserve is readying for a rate cut and much of that has been down to the statements from important officials.
In addition to key officials at that Federal Reserve, the chairman of the central bank Jerome Powell has also made statements that clearly point towards a cut in the interest rates. Needless to say, the stock markets reacted accordingly and went on a sustained upsurge. However, Alex Weber, the President of UBS and John Waldron, the Chief Operating Officer and President of Goldman Sachs, have sounded notes of caution. Weber stated that many traders might have misconstrued the comments from the Federal Reserve chairman and other officials. He said,
If you listen to some of the key decision makers like Charlie Evans if you listen to Jay Powell, there is no imminent rate cut. There is a likelihood, if further weakness, in the data evolves over the second half of the year that they might consider corrective action.
On the other hand, John Waldron was equally cautious about the present optimism in the market and actually stated that he is a bit worried about it all. He said, “The market is pricing in a fairly substantial set of moves by the Fed. I worry a little bit that the market is too optimistic about how much and how soon the Fed will move.” Considering the fact that the statements came from two of the top executives at the biggest investment banks in the world, traders would perhaps do well to listen to what they have to say. However, it remains to be seen whether this optimism proves to be misplaced or not.
Due to PG&E’s ‘rampant wrongdoing’ of not trimming trees which touch power lines and causing many wildfires recently, a federal Judge has asked the utility company to suspend issuing dividends to its stockholders till the company shows that it will not cause any more wildfires. Judge William Alsup who is presiding over this case overturned the objections raised by PG&E and also issued five new conditions for probations in the San Bruno gas explosion case in 2010.
Apart from banning issuing of dividends till the company complies with clearance rules, it should also be open to getting audited by a monitor appointed by the court and also document all the efforts it is undertaking to not risk another wildfire in the state of California.
PG&E cases in court:
The court order comes after it is widely believed that the company’s equipment has caused wildfire and gas pipeline explosion. In 2010, a gas pipeline burst in San Bruno, California which left 58 injured and killing 8 people. Another major disaster the company is being held liable for is the deadly and destructive wildfire in 2018 where 86 people were killed making it the deadliest in the history of California. PG&E later filed for bankruptcy on Jan 29 anticipating compensation.
Judge expresses his concern:
Judge Alsup was not greatly impressed by the company’s efforts in containing future wildfires and was also concerned about it giving away $4.5 billion as dividends instead of spending on trimming trees away from power lines and also the replacement of faulty equipment. The fires caused in 2017 and Camp Fire in 2018 was due to power lines touching trees and a failure of a worn out hook. The judge added that the company troubles are their own doing he said, “The company is facing a problem of your own making and you have to undo that problem and make it square with the people of California.”
Judge Alsup added new terms and said that the company has to implement them to mitigate wildfire in California. As per the new goals set, the company had to remove 375000 trees that are dead or hazardous from areas that are at high risk of wildfire in 2019. Till the new terms are not accomplished, the company will not be able to pay its shareholders until then.
The shares of the company on the NYSE fell by 2% on Tuesday and was at $17.66 as concerns of liabilities rose.
