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Sally Ho's Technical Analysis 30 June 2019

 
Sally Ho's Technical Analysis 30 June 2019
Ethereum / Breaking News / Bitcoin / Analytics

Bitcoin

Bitcoin (BTC/USD) gained ground early in today’s Asian session as traders pushed the pair to the 12,262.92 level, its strongest showing since the sell-off that started during yesterday’s Asian session around the 12,444.77 level.  Stops were elected above the 12,153.09 area early in yesterday’s North American session, representing the 23.6% retracement of the move from 6,600 to 13,868.44. Early in yesterday’s European session, traders pushed the pair lower and tested Bids around the 11,318.94 level, just above the 50-bar MA (4-hourly).

Above current market activity, the 12,494.99 area is an upside price objective, representing the 23.6% retracement of the move from 8048.75 to 13,868.44. Likewise, the 12,700.54 area is the 23.6% retracement of the 8919.72 – 13,868.44 range and the 13,026.29 level is another upside price target and represents the 76.4% retracement of the move from 13,868.4410,300.00.  Below current market activity, the 11,091.90 and 10,688.61 areas represent downside retracement levels and areas of potential technical Support.

Price activity is nearest the 50-bar MA (4-hourly) at 11,449.37 and the 100-bar MA (Hourly) at 11,990.00.

Technical Support is expected around 10,234.22/ 10,087.62/ 9765.93 with Stops expected below.

Technical Resistance is expected around 12,700.54/ 13,026.29/ 13,488.49 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.

 

Ethereum

Ethereum (ETH/USD) appreciated early in today’s Asian session as traders pushed the pair to the 314.67 area, its strongest print in two days, after it moved back above the 50-bar MA (4-hourly).  The 314.00 figure represents the 50% retracement of the move from 547.40 to 80.60. Bids emerged early in yesterday’s European session around the 291.25 area and ETH/USD steadily moved higher.  Also, the 312.75 level represents the 50% retracement of the move from 261.00 to 364.49.

Chartists are considering upside price targets for ETH/USD including 319.00/ 329.73/ 343.02. Stronger technical Resistance is likely around the 324.96 and 340.07 levels, important retracement areas related to the move higher from 261.00 to 366.48. Likewise, the 331.93 area represents the 23.6% retracement of the move from 226.56 to 364.48. Below current market activity, technical Support is possible around the 281 – 285 areas, and Bids are seen around the 293 – 294 levels.

Price activity is nearest the 50-bar MA (4-hourly) at 310.89 and the 200-bar MA (Hourly) at 310.25.

Technical Support is expected around 272.56/ 249.90/ 226.56 with Stops expected below.

Technical Resistance is expected around 329.73/ 343.02/ 364.49 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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