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Sally Ho's Technical Analysis 21 May 2019

Sally Ho's Technical Analysis 21 May 2019

Bitcoin

Bitcoin (BTC/USD) appreciated early in today’s Asian session with the pair lifted higher to the 8157.17 level and appearing poised to make a run at establishing a new multi-month high. The pair tested some technical Resistance around the 8139.25 level in yesterday’s North American session, representing the 76.4% retracement of the move from 8315.00 to 7580.31. Stops were elected above the 8138.25 area during the move higher.

Bids also emerged at some important technical levels during yesterday’s European session and later in the North American session. Yesterday’s intraday low was just below the 23.6% retracement of the move from 4967.61 to 8388.00 and then Bids emerged around the 50-bar MA (4-hourly) at 7696.23. Traders are waiting to see if BTC/USD can again clear the 8189.25 area and possibly revisit the recent multi-month high of 8388.00. Chartists note that there is a relative high of 8488.00 from last year and Stops are likely situated above.

Price activity is nearest the 50-bar MA (4-hourly) at 7738.45 and the 50-bar MA (Hourly) at 7913.60.

Technical Support is expected around 7548.79/7204.87/ 6830.99 with Stops expected below.

Technical Resistance is expected around 8488.00/ 8678.17/ 9117.00 with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

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Ethereum

Ethereum (ETH/USD) found some buying activity during today’s Asian session after decent upward pressure emerged during yesterday’s North American session that lifted the pair to the 258.47 area, just below the 23.6% retracement of the move from 281.77 to 222.88. During the Asian session, some Bids emerged around the 252.42 area, right around the 50% retracement of the aforementioned range. A decent technical clue emerged during yesterday’s European session when Bids emerged around the 238.88 level, representing the 61.8% retracement of the move from 222.88 to 264.77, and these Bids helped launch the pair to a new daily high later in the trading day.

Technicians are considering where ETH/USD could move from here. If traders are able to absorb the Offers that are thought to be situated above 259.27, they could test the 267.87 area, representing the 76.4% retracement of the move from 281.77 to 222.88. Above this area, the 272.56 level represents the 23.6% retracement of the 894.0080.60 range. The pair must then contend with the 281.77 area as an upside target, representing the recent multi-month high. Chartists also note that the 50-bar MA (hourly) and 100-bar MA (hourly) have crossed at least twice over the past couple of days.

Price activity is nearest the 50-bar MA (4-hourly) at 235.05 and the 50-bar MA (Hourly) at 251.62.

Technical Support is expected around 238.88/ 219.53/ 204.84 with Stops expected below.

Technical Resistance is expected around 272.56/ 281.77/ 289.46 with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

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ETH/USD Orbiting 600.00: Sally Ho's Technical Analysis 2 December 2020 ETH

ETH/USD Orbiting 600.00: Sally Ho's Technical Analysis 2 December 2020 ETH

Ethereum (ETH/USD) rallied in today’s North American session as the pair appreciated to the 600.63 area after trading as low as the 575.08 area in the Asian session. The pair peaked around the 604.96 area in the European session before settling back to the 583.80 area. The pair spiked to the 636.53 level this week, a fresh multi-year high, after Stops were elected above the 623.22 area, a recent relative multi-year highStops were also triggered above the 627.83 area, an upside price objective related to historical buying pressure around the 80.60 area.  Chartists are carefully monitoring retracement levels following the climb to the recent multi-year high, and these include the 599.61 and 576.77 areas, below which Stops were recently elected.  Additional retracement levels include 558.31, 539.84, and 517.00 and Additional upside price objectives include the 638.28 and 652.36 levels.  The pair’s recent pullback was a test of the 479.03 area, representing the 78.6% retracement of the appreciating range from 439.77 to 623.22.  One level that traders are carefully monitoring is the 503.57 area, a level that represents the 38.2% retracement of the recent appreciating range from 310.00 to 623.22, and price activity was recently buoyed above this area.

 Stops were recently elected below a series of retracement levels including 579.73, 563.58, 553.14, 531.50, 526.88, 509.85, 496.86, and 483.06. Larger Stops were elected below the 550.01 and 504.72 areas, retracement levels related to the wider appreciating range from 313.00 to 623.22.  On the upside, Stops were recently elected above the 615.19 area during the climb higher, an upside price objective related to buying activity that originated around the 142.10 level earlier this year.  The pair’s next upside price objectives include the 637.79, 668.87, 679.78, and 698.88 levels.   Stops were also recently elected above the 583.59 and 592.24 areas during the ascent, retracement levels related to selling pressure that commenced around the 894.50 and 1419.96 levelsStops were also recently elected above the 519.16, 521.13, 524.97, and 540.64 areas during the ascent higher, preceded by Stops triggered above the 503.54, 508.69, and 510.22 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bullishly indicating below the 100-bar MA (hourly) and above the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 567.84 and the 50-bar MA (Hourly) at 598.79.

Technical Support is expected around 417.60/ 388.49/ 366.72 with Stops expected below.

Technical Resistance is expected around 637.79/ 668.87/ 679.78 with Stops expected above.

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

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Ethereum 2.0 beacon chain launches introducing the network into phase 0

Ethereum 2.0 beacon chain launches introducing the network into phase 0

Quick take

1 minute read

  • The first phase of Ethereum 2.0 phase goes live.
  • Excitement flows throughout the community.

Excitement is roaring throughout the Ethereum community this week as the beacon chain was launched bringing in phase 0 for Ethereum 2.0.

With the introduction of this phase, the network for Ethereum has a new system in which the mode of operations is switched from the current proof of work system to a proof of stake network.

One of the biggest things that this will help with is scalability that Ethereum has had an issue with for a long time now.

The launch of 2.0 has been highly anticipated throughout the industry for a long time now. Over a year in fact, as many people thought it was going to go live in December 2019. Due to many setbacks and delays, this didn’t go to plan and ended up being postponed until this month instead.

A researcher working with the foundation for Ethereum, Danny Ryan has recently said that the development and the final launch of 2.0 has been quite a journey, to say the least.

The team at the project are expecting at least 2/3 participation rate on the network which would mean that the network system would be in good health and have a prominent future.

It will be interesting to see the future of 2.0 and how it expands over time.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Ethereum welcomes Hamster-powered marble races

Ethereum welcomes Hamster-powered marble races

On Sunday, hamster-powered marble races were released to the world of Ethereum on the main net. This is a new type of gaming which was released just after two years of its development.

This was created and powered by a female Djungarian, Mia. The project, also known as “Mia & the Marbles” hamster and her trusty hamster wheel. The project is an automated gambling and marble-racing platform from many separate creators.

According to reports fro Cointelegraph, it was revealed by the development team for 

‘M&M’ that the racing system was thoroughly planned and carefully designed. Despite the fact that the idea behind the design seemed like a joke.

According to the devs, the races are shown to be easily verifiable, live, and fair. They assured users that the games are live and are not pre-recorded. And that this is done with their live video stream which indicates the current blackcaps are on the race track. That is 8 bit of Ethereum with 8 movable pegs. In the Philippines, more and more casinos are adopting blockchain and cryptos for payments. A majority of bettors use online betting Philippines with crypto for faster transaction processing and accessibility.

One good thing about this is that the team has guaranteed a refund function for races and is only sent after two days. Although many people might think that Mia & the Marbles looks more of an experiment, the design was carefully thought out and inspired by passion.

They said that they have always liked doing gambling projects with blockchain, but had their reservations because the industry is under-regulated and plagued with many scams. And in the three thinking processes, they designed the provable fairness system that people can have fun with, which is also easily understandable. 

Coworkers said that Mia is stellar. And that the beginning was kind of difficult, especially because she was young, yet she liked trying out things and in recent days she concentrated more on developing. 

Although the DAOs control a majority of the protocols, users should not worry that the design might be bought by another protocol through a merger, because Mia is still in control of the systems. 

They also say something to say about the activities of a hamster. According to them, it is natural for hamsters to go out at night in search of food. Concerning the future of the platform, they say that there might be a championship possibility in the future and that tracks will be further improved.

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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ETH/USD Establishes Fresh Multi-Year High at 636.53: Sally Ho's Technical Analysis 1 December 2020 ETH

ETH/USD Establishes Fresh Multi-Year High at 636.53:  Sally Ho's Technical Analysis 1 December 2020 ETH

Ethereum (ETH/USD) reclaimed some lost ground early in today’s North American session as the pair appreciated to the 619.70 area after trading as low as the 563.01 area earlier in the North American session, just below the 200-hour simple moving average.  The pair spiked to the 636.53 level during the European session, a fresh multi-year high, after Stops were elected above the 623.22 area, a recent relative multi-year highStops were also triggered above the 627.83 area, an upside price objective related to historical buying pressure around the 80.60 area.  Chartists are carefully monitoring retracement levels following the climb to the recent multi-year high, and these include the 599.61 and 576.77 areas, below which Stops were elected today.  Additional retracement levels include 558.31, 539.84, and 517.00.  Additional upside price objectives include the 638.28 and 652.36 levels.  The pair’s recent pullback was a test of the 479.03 area, representing the 78.6% retracement of the appreciating range from 439.77 to 623.22.  One level that traders are carefully monitoring is the 503.57 area, a level that represents the 38.2% retracement of the recent appreciating range from 310.00 to 623.22, and price activity was recently buoyed above this area.

 Stops were recently elected below a series of retracement levels including 579.73, 563.58, 553.14, 531.50, 526.88, 509.85, 496.86, and 483.06. Larger Stops were elected below the 550.01 and 504.72 areas, retracement levels related to the wider appreciating range from 313.00 to 623.22.  On the upside, Stops were recently elected above the 615.19 area during the climb higher, an upside price objective related to buying activity that originated around the 142.10 level earlier this year.  The pair’s next upside price objectives include the 637.79, 668.87, 679.78, and 698.88 levels.   Stops were also recently elected above the 583.59 and 592.24 areas during the ascent, retracement levels related to selling pressure that commenced around the 894.50 and 1419.96 levelsStops were also recently elected above the 519.16, 521.13, 524.97, and 540.64 areas during the ascent higher, preceded by Stops triggered above the 503.54, 508.69, and 510.22 levels.  Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bullishly indicating below the 100-bar MA (hourly) and above the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 568.03 and the 50-bar MA (Hourly) at 591.46.

Technical Support is expected around 417.60/ 388.49/ 366.72 with Stops expected below.

Technical Resistance is expected around 637.79/ 668.87/ 679.78 with Stops expected above.

On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.

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