Today's Hot Topics

Advertisement

Ethereum (ETH) Remains Extremely Vulnerable, Bears On The Cusp Of Gaining Control

Ethereum (ETH) has faced a strong rejection at the 38.2% fib extension level shown on the 15 minutes chart. If the price remains below the 38.2%, we are likely to see further downside ensue and ETH/USD will have to fall towards the bottom of the descending channel. We saw the bulls and the bears put up quite a fight near the top of the channel and it appeared confusing for a while but what is supposed to happen always does. A few big wicks to the upside or to the downside shake out those ambitious traders looking to get rich...

Read More

Bitcoin (BTC) Runs Into Strong Resistance, Further Downside Expected

Bitcoin (BTC) is expected to decline further as the price has run into the strong 38.2% fib retracement level from the local top and already retraced from there. The price is now below the 21 day EMA and will not need much to happen in order for it to decline below the 50 day EMA. We could see sideways movement for a while but ultimately that decline is very likely to happen. The bears are eyeing this level eagerly because if the price closes below the 50 Day EMA, the bulls will lose control of the price. The thing is,...

Read More

Has Bitcoin (BTC) Lost The Strength To Go Up?

Bitcoin (BTC) has closed the day below the 21 Day EMA but we wanted to wait for further clarity to have a better idea of what is going to unfold here. The price has faced a clear rejection at the 38.2% fib retracement level from the local top. As long as the price remains below this level, there is no hope of any sustained move to the upside. If BTC/USD falls from here, the decline is likely to be very sharp and we will see it come down to $7,200 or lower levels before it can find temporary relief. There...

Read More

Sally Ho's Technical Analysis 22 July 2019

Bitcoin Bitcoin (BTC/USD) erased some of yesterday’s steady losses early in today’s Asian session as the pair climbed to the 10,654.94 area, right around the 23.6% retracement of the move from 13,868.44 to 9,651.00.  The next upside levels related to that range include 11,262.06 and 11,759.72. During yesterday’s Asian session, the pair tested the 11,091.90 level but was then unable to move above the 100-bar MA (4-hourly). The pair then moved lower during yesterday’s European and North American sessions before finding an early Bid today. BTC/USD briefly traded below the 50-bar MA (4-hourly) during yesterday’s North American session before moving...

Read More

Ethereum (ETH)’s Next Decline Below 200 Day EMA Likely To Be Devastating

Ethereum (ETH) bulls have lost control of the price. We saw the pair decline back to the 200 Day EMA to test it as support and it bounced off there with much strength. However, the price got stopped out at the 38.2% fib retracement level from the recent top and is now on the verge of further decline. RSI on the daily chart points to significant further downside as the downtrend remains intact. If the price falls again below the 200 Day EMA, it is likely to fall a lot lower potentially to the $144 mark and eventually even lower...

Read More