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Sally Ho's Technical Analysis 15 September 2019

 
Sally Ho's Technical Analysis 15 September 2019
Ethereum / Breaking News / Bitcoin / Analytics

Bitcoin

Bitcoin (BTC/USD) appreciated early in today’s Asian session as traders lifted the pair to the 10433.49 area after buying activity emerged late in yesterday’s North American session around the 10223.36 area. After moving close to the 10395 area during yesterday’s Asian session, an important upside price objective that represents the 50% retracement of the move from 10939.34 to 9851.97. BTC/USD orbited both the 50-bar MA (4-hourly) and 200-bar MA (4-hourly) before buying demand surfaced during the North American session.

Chartists are observing a Bullish convergence of the 50-bar MA (hourly) and 200-bar MA (hourly) that could lead to additional price appreciation. Bids emerged above the 10267.35 area during the move higher, representing the 38.2% retracement of the 10939.34 – 9851.97 range.  Today’s intraday high is the pair’s strongest showing since 9 SeptemberUpside price objectives include the 10523.96 area and Offers are expected around the 10647 – 10682 levels. Below current market activity, traders are watching the 10108 and 9948 areas as possible technical Support.

Price activity is nearest the 50-bar MA (4-hourly) at 10,303.72 and the 200-bar MA (Hourly) at 10,318.98.

Technical Support is expected around 9,765.93/ 9,532.39/ 9,265.49 with Stops expected below.

Technical Resistance is expected around 10,833.14/ 11,136.82/ 11,759.72 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.

 

Ethereum

Ethereum (ETH/USD) appreciated sharply early in today’s Asian session as traders pushed the pair to the 189.00 figure after strong buying demand emerged around the 180.40 level late in yesterday’s North American session.  Today’s intraday high was right around the 61.8% retracement of the 80.60 – 364.49 range, and this level was reached after Stops were elected above the 200-bar MA (4-hourly) around the 183.75 area. 

ETH/USD hugged the 181.04 area extremely tightly during yesterday’s European session, representing the 23.6% retracement of the 164.99 – 186.00 range, and the pair bounced higher off the 50-bar MA (4-hourly) early in yesterday’s Asian session.  Stops were also triggered above the 186.00 figure today, a previous relative high, before traders triggered Stops above the 188.38 area.  The pair is now trading above the 50-bar MA (hourly), 100-bar MA (hourly), and 200-bar MA (hourly).   Traders are now carefully watching some important upside levels with the 190.76 area representing the 23.6% retracement of the 547.40 – 80.60 range and the 191.40 area representing the 50% retracement of the 302.20 – 80.60 range.

Price activity is nearest the 200-bar MA (4-hourly) at 183.64 and the 50-bar MA (Hourly) at 180.57.

Technical Support is expected around 181.95/ 172.88/ 167.80 with Stops expected below.

Technical Resistance is expected around 196.35/ 201.38/ 206.18 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 Bullishly above SlowD while MACD is Bullishly above MACDAverage.

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