Technical Analysis VS Fundamental Analysis Episode 1

A lot of opinions have gone around on this subject and the contemplation on which is best for accurate and profitable analysis.

Before you can properly understand which is better, you need to first understand the concept of both analyses.

Let's dive into it 🤗

In the financial market, technical analysis is a strategic and analytical evaluation or prediction of the future price movement through the study of past market prices on the market chart.

The best way to define this is for you to know that in technical analysis, you discern the behavior of a market price through the data provided on a market chart when paired with appropriate investing or trading rules.

Facts About Technical Analysis

• Technical analysis is In most cases used to generate short term signals.

• Technical analysis is far more prevalent in commodities and forex markets.

• Technical analysis can be used alone or it can be incorporated with other methods such as fundamental analysis or market timing methods.

• Technical analysis helps you keep your emotions in check.

Russia Looking to Bypass US Strict Sanctions With Cryptocurrency.

The possibility of Russia bypassing the US and EU sanctions with cryptocurrency is imminent as the two largest banks of Russia have been restricted from the global economy and blocked from undertaking or performing transactions to aid the ongoing assault on Ukraine.

The President of the United States of America, Joe Biden, on Thursday, announced "strong sanctions" on Russia in response to the Russian invasion of Ukraine. The aim was to limit Russia's transactions with Dollars and other major currencies in the world.

The possibility of this is eminent as no restriction was placed on cryptocurrency transactions. Not to forget that this tactic was used by Ukraine as their financial accounts were restricted from receiving cross border donations. 

A report revealed that Ukraine's NGOs and Volunteer groups received over $500,000 donations through cryptocurrency, bypassing the restrictions placed on the various accounts of supporting NGOs and Volunteer groups.

So, therefore, Russia could as well result into using crypto to bypass strict sanctions placed by US and EU governments.

Ethereum Developer, Vitalik Buterin Reacts to Russia's Invasion in Ukraine

The developer of Ethereum, Vitalik Buterin in his tweet grieved over Russia's president, Vladimir Putin's decision for a war against Ukraine.

At around 4 am on Thursday, Russia born Ethereum developer, Vitalik Buterin posted on his Twitter his pain towards Vladimir Putin's decision to invade Ukraine.

According to one of his tweets, Vitalik Buterin clearly stated that "ethereum is neutral about this, but I am not", making it clear that he is not in support of his president's decision.

He further stated that

Vitalik Buterin is the first to speak up over this tension and chaos between Russia and Ukraine amongst all other cryptocurrency developers.

As the world seems to be in a dilemma over the situation and Vitalik Buterin wouldn't hold his grievance any longer.

Where Would This Declaration Lead Ethereum?

As much as Vitalik Buterin is trying to leave Ethereum out of this, it is as involved in this just as much as he is. Since he is the major influence on the currency.

What would be investors' response to this? Would this be a surge or a drop in value for the altcoin? All these are the questions in the mind of everyone as we patiently wait on the outcome of this tweet.

The war has already affected the cryptocurrency world drastically as it has dropped 11% after Russia initiated a war on Ukraine. Should we fear that this may cause the blow to hit more heavily on Ethereum (ETH)? Well, we can only wait to see.

The Geographical Surge in Tension Between Ukraine and Rusia Causing a Huge Tide in The Crypto World

Statistics has it that in just one night cryptocurrencies' value dropped by 11% due to the Ukraine and Russia war. 

The blame for the tragic drop in the value of the currency is blamed on the war because of the role the currency played during the Ukrainian's preparation for the Russian invasion.

The cryptocurrency was sought to be made a legal tender in Ukraine since it was the only means to get funding support to equip troops as fiat currency's accounts were put to a halt from receiving cross border donations.

Investors See The Surge as an Opportunity to Plunge Into Crypto Investment.

The 11% fall on cryptocurrencies' value didn't seem to threaten investors to pull out investment, rather, investors are seeing this as an opportunity to immerse massive profit from the situation.

According to tweets from several bitcoin investors, they are not willing to sell-off because of the war in place which has made a huge impact on the currency.

A Whole New World in Metaverse

A new world is gradually emerging in metaverse, ranging from companies, businesses, cities and homes.

Just recently, a report reached us of a church in metaverse as Garrett Bernal trapped on a virtual reality headset and explored what it would be like to worship in the metaverse.

"I couldn't have had such an immersive church experience sitting in my pew. I was able to see the scriptures in a new way," said Garrett Bernal, expressing his church experience in metaverse.

And now Manchester City has started construction for the first football stadium in metaverse. The new Premier League Champion has decided to bring their home stadium in Etihad to metaverse.

The team announced their three years partnership with Sony technology on Friday to develop a virtual Etihad Manchester City stadium in metaverse. This new development would be the first to be seen in the metaverse.

A World in Metaverse.

The world around metaverse is on constant growth, as everything seems to be going digital, even the world as a planet is also going digital with the existence of the metaverse.

The main aim is to have a digital duplicate of every existing thing on earth in the metaverse, and this seems to be coming to reality faster than expected. Soon enough, earth would exist in exact in metaverse.

Support and Resistance Level

 

 The concepts of trading support and resistance levels are undoubtedly two of the most highly discussed attributes of technical analysis. As part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction.

At first, the explanation and idea behind identifying these levels seem easy, but as you'll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears.

Support occurs where a downtrend is expected to pause due to a concentration of demand.

Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.