Today's Hot Topics

Ethereum (ETH) Could Rise Above $250 Again Before The Next Decline

Ethereum (ETH) is currently trading around $235 as price declined significantly in the last 24 hours all the way from the top of the descending triangle seen on the 4H chart for ETH/USD. This decline seems to have made the bulls worried even though normally they are more interested in buying the dip. Retail bulls did buy the dip when the price made its first red candle to the downside. It left a long wick down but was soon followed by subsequent red candles that pushed the price deep into red. As of now, the price remains inside a descending...

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Bitcoin (BTC): The Best Time To Sell Was At $20,000, The Second Best Time Is Now

The best time to sell Bitcoin (BTC) was when it was trading close to $20,000 but the second best time to sell Bitcoin (BTC) is now. In this analysis we will explain why this is the perfect time to be selling Bitcoin (BTC) and not buying it. Let us first look at the weekly chart for BTC/USD. Since the creation of Bitcoin (BTC) and throughout its trading history, we have seen strong similarities between various market cycles. History may not have repeated itself but it has rhymed and very closely. One thing to observe here is that market cycles have...

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Sally Ho's Technical Analysis 23 May 2019

Bitcoin Bitcoin (BTC/USD) depreciated sharply early in today’s Asian session, trading as low as the 7506.12 level following selling pressure that commenced during yesterday’s European session and continued through yesterday’s North American session. Today’s intraday low is just above the 50% retracement of the move from 8388.00 to 6600.00. Stops were elected below the 50-bar MA (4-hourly) at 7793.43 during the move lower, with additional Stops reached below the 7605.43 area during the descent, representing the 23.6% retracement of the 5072.01 – 8388.00 range. Given the pullback, traders are evaluating areas of possible technical Support on the downside. Below the...

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Stellar (XLM) Nosedives Below 200 Day MA, Eyes A Decline Below $0.12

Stellar Lumens (XLM) has just nosedived below the 200 day moving average and is now likely to decline all the way towards the 50 day moving average and eventually lower to test the next support. The daily chart for XLM/USD shows that the price has failed to close above the resistance at $0.147. It did paint a wick well above it but the daily candle ended up closing below that level soon afterwards. RSI on the daily time frame points to increasing risk of a sharp decline at least below the $0.12 mark and very likely below $0.10 as the...

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Ethereum (ETH) Might Retest $280 But Long Term Outlook Remains Bearish

Although quite unlikely, it is possible that ETH/USD might test the $280 level again and even rally towards $300 before beginning its next decline. That being said, it is not a good idea to take that trade as the risk/reward is definitely not worth it. The 4H chart for ETH/USD shows that the price is trading within a descending channel and an ascending triangle at the same time. The perfect scenario for the whales if they can pull it off would be to pump the price above the ascending triangle first to trap in retail bulls and hunt the bears....

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