Crypto Industry News:
Gemini, a cryptocurrency exchange founded by the Winklevoss brothers, has just added support for three new fiat currencies on its platform.
According to the official announcement, Gemini now allows users to trade in Hong Kong Dollar (HKD), Australian Dollar (AUD) and Canadian Dollar (CAD). The three new fiat currencies complement the US dollar, enabling Gemini users in Hong Kong, Australia and Canada to buy and sell cryptocurrencies in their native currencies.
Gemini's latest expansion into new currency offerings follows shortly after Gemini announced a partnership with global tech giant Samsung. The integration, revealed at the end of May, aims to allow Samsung Blockchain Wallet users to connect to the Gemini mobile app to buy, sell and trade cryptocurrencies.
The New York-based Gemini Exchange also operates in many countries, such as Hong Kong, Singapore, South Korea, Canada and Australia. After expanding to Australia in August 2019, Gemini is actively expanding its European branch in the UK, as Tyler Winklevos believes Europe is "the cradle of modern financial markets".
Technical Market Outlook:
The ETH/USD pair has made a new swing high at the level of $447.26 as the up trend continues. In a case of the extension lower, the next target for bears is seen at the level of $414.11 - $407.03, which is a key short-term demand zone for traders. Please notice, that the momentum has been decreasing since the top at the level of $442.93 had been made and there is still no real bounce there. Nevertheless, all the bigger time frame charts looks very bullish and the up trend should be continued after the supposed correction is completed.
Weekly Pivot Points:
WR3 - $542.08
WR2 - $493.82
WR1 - $466.95
Weekly Pivot - $411.50
WS1 - $387.37
WS2 - $337.80
WS3 - $311.68
Trading Recommendations:
The weekly and monthly time frame trend on the ETH/USD pair remains up and there are no signs of trend reversal, so buy orders are preferred in the mid-term. All the dynamic corrections are still being used to buy the dips. The next mid-term target for bulls is seen at the level of $500. The key mid-term technical support is seen at the level of $364.95.
