Sally Ho's Technical Analysis 19th March 2019

BTC/USD (Bitcoin/ US dollar)

Bitcoin (BTC/USD) renewed recent strength through the early part of today’s Asian session, lifting from the 3937.69 level to the 3982.00 area. The pair had plateaued around the 4015.70 level in Monday’s sessions after testing the 4037.47 area during the weekend’s sessions.

Today’s intraday High is just below the 3984.88 level, representing the 61.8% retracement of the recent move from 4188.79 to 3655.00. The level coincides with the 3985.90 level, representing the 61.8% retracement of the recent dive from 4015.70 to 3937.69. Related technical Resistance is expected around the 3997.29/ 3998.82 levels with further Selling pressure anticipated around the 4013.59 level.

Technical Support is expected around 3938.66/ 3877.79/ 3763.33/ 3684.13/ 3620.14 with Stops expected below.

Technical Resistance is expected around 4062.82/ 4111.39/ 4188.79/ 4239.37 with Stops expected above.

Upside price objectives remain around the 4163/ 4358/ 4673 levels.

On 240-minute chart, Price activity remains significantly above the 50-bar MA (3902.53). SlowK is Bullishly diverging from SlowD while MACDAverage is Bearishly above MACD.

On 60-minute chart, Price activity bounced off the 50-bar MA (3966.25) in moving Higher to the 3984.58 level. SlowD has just Bearishly crossed above SlowK and both are technically overbought. MACD is Bullishly diverging from MACDAverage.

ETH/USD (Ethereum/ US dollar)

Ethereum (ETH/USD) found some decent Bids early in the Asian session as the pair finally moved above the 137.82 level and 138.49 levels, representing the 38.2% and 50.0% retracement levels of the 141.30 – 135.67 range. Stops were elected above both levels. Price activity remains above the 200-bar MA (135.34) on a 4-hourly chart.

Technical Support is expected around the 134.91/ 132.10/ 130.05 levels with Stops expected below.

Technical Resistance is expected around the 143.05/ 144.19/ 147.22 levels with Stops expected above.

Downside price objectives remain around the 119.57 level.

On 240-minute chart, SlowK has Bullishly crossed above SlowD while MACDAverage Bearishly remains above MACD.

On 60-minute chart, Price activity is orbiting the 50-bar MA (137.85) and 100-bar MA (137.39) levels. SlowD has Bearishly crossed above SlowD while MACD is Bullishly diverging from MACDAverage.

LTC/USD (Litecoin/ US dollar)

Litecoin (LTC/USD) was pushed Higher during the Asian session, taking out Stops above the 59.49 level before encountering some intraday Selling pressure around the 59.67 area. The 59.49 level represents the 38.2% retracement of the 62.22 – 57.80 range and technicians are eyeing the 60.01/ 60.53/ 61.18 levels as upside targets.

Technical Support is expected around the 57.54/ 54.48/ 48.33 levels with Stops expected below.

Technical Resistance is expected around the 66.80/ 72.16/ 75.06 levels with Stops expected above.

Upside price objectives remain around the 62 and 74 levels.

On 240-minute chart, Price activity is nearest the 50-bar MA (57.30). SlowK is marginally above SlowD while MACDAverage is Bearishly above MACD.

On 60-minute chart, Price activity is orbiting the 50-bar MA (59.82) and 100-bar MA (59.27) levels. SlowK and SlowD have converged while MACD is Bullishly diverging from MACDAverage.

BCH/USD (Bitcoin Cash/ US dollar) continued to trade very technically with the most recent 240-minute bar’s High (161.36) and Low (158.25) right around the 50% and 23.6% retracements of the recent 166.80 – 155.79 range. Price activity remains far above the 50-bar MA (139.79) on a 4-hourly chart.

Technical Support is expected around the 156.96/ 150.87/ 145.95 levels with Stops below.

Technical Resistance is expected around the 171.41/ 186.47/ 194.60 levels with Stops above.

Downside price objectives remain the 110 and 82 levels.

On 240-minute chart, SlowD has Bearishly crossed above SlowK while MACDAverage has Bearishly crossed above MACD.

On 60-minute chart, Price activity remains above the 50-bar MA (155.62). SlowD is Bearishly diverging from SlowK while MACDAverage remains Bearishly above MACD.