Crypto Industry News:

DOGE surged over 18% after Elon Musk tweeted about alleged intentions to take cryptocurrency to the moon.

Musk’s tweet seems to be an obvious analogy to the slogan “To the Moon” popular among the cryptocurrency community. It is used to describe an asset in a strong uptrend that never seems to stop growing – going up the chart as if towards the aforementioned Moon. Every member of the cryptocurrency community hopes that the prices of digital assets he keeps in his wallet will someday go there. But Musk has gone one step ahead: he wants to put the real Dogecoin on a real moon, 384,400 km from Earth.

“SpaceX will literally put Dogecoin on the literal moon,” Musk said in a tweet. SpaceX is one of Musk’s companies in the field of rocket building and space exploration. Technically, such an undertaking would be perfectly feasible.

Technical Market Outlook:

The ETH/USD pair has hit a new all time high at the level of $2.008 (at the time of writing the article). The market is out of the main channel, so the up move can accelerate. The immediate technical support is seen at the level of $1,963 and $1,941.The strong and positive momentum supports the short-term bullish outlook for ETH with a longer-term target at $2,035.

Weekly Pivot Points:

WR3 – $2,053

WR2 – $1,922

WR1 – $1,793

Weekly Pivot – $1,670

WS1 – $1,525

WS2 – $1,400

WS3 – $1,267

Trading Recommendations:

The longer term up trend on the Ethereum continues despite the local counter-trend corrections. When the correction is terminated, the next long term target for ETH/USD is seen at the level of $2,100. The key long term technical support is seen at the level of $1,412, so only a weekly candle close below this level will invalidate the bullish scenario.


The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.