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Sally Ho's Technical Analysis 26 November 2019

Sally Ho's Technical Analysis 26 November 2019

Bitcoin

Bitcoin (BTC/USD) moved higher early in today’s Asian session as the pair traded up around the 7169.02 area after trading as high as the 7379.99 area during yesterday’s North American session.  During yesterday’s Asian session, the pair traded as low as the 6526.00 area after tumbling through some key technical areas.  Market sentiment has deteriorated rapidly over the last several days, a development that intensified yesterday when traders pushed the pair below the 6653 level, a downside price objective that gave way and saw the pair fall to the 6526.00 area.  Stops were also elected below the 6857 and 6775 areas during the downturn, and this saw the pair decline to its weakest print since May of this year.  The pair has now declined from its 10540.49 peak in late October, giving back a peak-to-trough 37.2% in the process.

Below current market activity, BTC/USD Bears are focusing on some additional downside price objectives, including the 6323 and 6038 areas.  Notably, BTC/USD Bears continue to focus on the 4748 area as an important downside price objective.  Also, the 6538.51 area is one level that traders are carefully monitoring, as it represents the 50% retracement of the 9948.12 – 3128.89 range.  Below that area, the 6440.82 area is also technically significant as it represents the 61.8% retracement of the 8488.00 – 3128.89 range.  An extension of the pair’s recent bearishness will open up additional downside price targets including the 5808 and 5733 levels, with the latter right around the 38.2% retracement of the aforementioned move from 9948.12 to 3128.89.   Likewise, the 5663.42 area is also technically significant as it represents the 76.4% retracement of the move from 3128.89 to 13868.44

Price activity is nearest the 50-bar MA (4-hourly) at 7631.20 and the 100-bar MA (Hourly) at 7,180.36.

Technical Support is expected around 6775.47/ 6653.57/ 6323.42 with Stops expected below.

Technical Resistance is expected around 7537.33/ 8062.04/ 8338.78 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 Bearishly below SlowD while MACD is Bullishly above MACDAverage.

 

Ethereum

Ethereum (ETH/USD) slid to the 144.32 level early in today’s Asian session after the pair traded as high as the 151.69 area during yesterday’s North American session.  Market bias has become increasingly negative during recent trading sessions as the pair depreciated to the 131.80 area during yesterday’s Asian session after Stops were elected below the 137.80 area.  Traders had focused on the 132.90 area as a major downside price objective for the pair, representing the 23.6% retracement of the 302.20 – 80.60 range, and Stops were triggered below during yesterday’s move.  Below that level, the 122.75 area is also coming into view, and may provide some technical Support.

Technicians have been very attentive to the pair’s ongoing depreciation from its print around the 199.50 area in late October.  Several clues emerged as the pair tested technical Resistance around the 192, 186, and 177 areas and failures around these levels led to Stops being elected below the 168 and 165 levels, key downside price objectives that hastened the slide to the 156 and 152 areas. When ETH/USD Bears continued their onslaught, Stops were elected below the 143 and 140 areasLonger-term traders are now eyeing the 127 and 104 areas as downside price objectives. Potential areas of technical Support include 130.05, 125.16, and 122.75.

Price activity is nearest the 50-bar MA (4-hourly) at 161.40 and the 50-bar MA (Hourly) at 145.14.

Technical Support is expected around 131.80/ 125.16/ 122.75 with Stops expected below.

Technical Resistance is expected around 161.37/ 163.60/ 165.25 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 Bearishly below SlowD while MACD is Bullishly above MACDAverage.

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ETH/USD Bulls Eyeing 668.87 as Upside Target: Sally Ho's Technical Analysis 4 December 2020 ETH

ETH/USD Bulls Eyeing 668.87 as Upside Target: Sally Ho's Technical Analysis 4 December 2020 ETH

Ethereum (ETH/USD) extended its recent strong price activity as traders continue to eye the psychologically-important 650 level following the pair’s ongoing gains.  Notably, ETH/USD has appreciated approximately 77% since the beginning of October, and has appreciated approximately 64% since the beginning of November.  The pair has recently traded around its recently-established multi-year high around at the 636.53 level, an area that was reached after Stops were elected above another recent relative multi-year high around the 623.22 area.  This recent multi-year high also represented a test of the 637.79 level, an upside price objective related to buying pressure that emerged earlier this year around the 135.12 area.  Additional upside price objectives include the 668.87, 679.78, and 698.88 areas, levels that relate to buying pressure that emerged earlier this year around the 125.52, 122.15, and 116.25 areas.

Following the move to a recent multi-year high, traders are paying close attention to recent areas of upside buying pressure, including the 370.50, 423.00, 439.77, and 480.08 areas.  Some important retracement levels related to these ranges include 561.37, 534.91, 514.93, 503.52, and 472.12Below current price activity, additional areas of technical support include the 507.55, 474.77, 406.48, and 395.87 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 567.55 and the 50-bar MA (Hourly) at 596.14.

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 Bullishly above MACDAverage.

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

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Joseph Lubin of ConsenSys discusses Ethereum 2.0 stating it will “Devour“ the network

Joseph Lubin of ConsenSys discusses Ethereum 2.0 stating it will “Devour“ the network

Quick take

1 minute read

  • Joseph Lubin contributor to Ethereum and founder of ConsenSys recently spoke during the Ethereum in the enterprise Asia-Pacific 2020 conference this week. 
  • During the conference, he predicted that Ethereum 2.0 is going to “devour“ the network in the short term.

Joseph Lubin contributor to Ethereum and founder of ConsenSys recently spoke during the Ethereum in the enterprise Asia-Pacific 2020 conference this week. During the conference, he predicted that Ethereum 2.0 is going to “devour“ the network in the short term.

He said:

“People in the know around the ecosystem are very optimistic about how fast things could unfold, as the really complicated work has been done in launching Phase 0.”

Joseph went on to say that the rollout of Ethereum 2.0 is “proceeding in parallel”. Essentially, this means that upgrades to the network could come quicker than many people are predicting.

He added:

“It is very likely will get a tremendous amount of data availability in the form of shards, as well as move lots of the important functionality from Ethereum 1 to Ethereum 2.0, and essentially see Ethereum 2.0 absorb Ethereum 1 in the not too distant future.”

Furthermore, he went on to predict that the next phase for 2.0 will become live in up to 12 months from now adding that the coming increasing amount of data availability will give way for layer two networks which will help them massively increase the amount of transactions per second that can be offered.

“Essentially Ethereum 2.0 represents a massive increase in scalability, so we’re already achieving tremendous scalability with layer-two networks.”

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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ETH/USD Holding 583.59 After Rebound Higher: Sally Ho's Technical Analysis 3 December 2020 ETH

ETH/USD Holding 583.59 After Rebound Higher:  Sally Ho's Technical Analysis 3 December 2020 ETH

Ethereum (ETH/USD) gained ground in today’s North American session as the pair appreciated to the 615.95 area after trading as low as the 586.11 area in the European session.  Notably, ETH/USD has appreciated approximately 77% since the beginning of October, and has appreciated approximately 64% since the beginning of November.  The pair has recently traded around its recently-established multi-year high around at the 636.53 level, an area that was reached after Stops were elected above another recent relative multi-year high around the 623.22 area.  This recent multi-year high also represented a test of the 637.79 level, an upside price objective related to buying pressure that emerged earlier this year around the 135.12 area.  Additional upside price objectives include the 668.87, 679.78, and 698.88 areas, levels that relate to buying pressure that emerged earlier this year around the 125.52, 122.15, and 116.25 areas.

Following the move to a recent multi-year high, traders are paying close attention to recent areas of upside buying pressure, including the 370.50, 423.00, 439.77, and 480.08 areas.  Some important retracement levels related to these ranges include 561.37, 534.91, 514.93, 503.52, and 472.12Below current price activity, additional areas of technical support include the 507.55, 474.77, 406.48, and 395.87 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 567.55 and the 50-bar MA (Hourly) at 596.14.

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 Bullishly above 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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