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Technical Bids at 332.87 Support ETH/USD: Sally Ho's Technical Analysis 7 October 2020 ETH

Ethereum (ETH/USD) moved higher in today’s North American session as the pair appreciated to the 342.83 area after trading as low as the 332.87 area during the Asian session, right around the 50% retracement of the recent appreciation from 313.00 to 353.14.   Traders tested the 343.03 area, representing a test of the 78.6% retracement of the recent appreciating range from 337.63 to 362.86.  Additional downside retracement levels include the 342.57, 342.06, 340.20, 339.37, 338.88, and 337.90 areas.  Traders are observing that the 50-bar 4-hourly simple moving average has recently bullishly crossed above the 100-bar 4-hourly simple moving average.  Traders recently...

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BTC/USD Support Above 10647.87 Keeps 11000 in Sight: Sally Ho's Technical Analysis 7 October 2020 BTC

Bitcoin (BTC/USD) continued its approach of the 11000 figure early in today’s Asian session as the pair maintained its upward bias following its ascent to the 10800 area during yesterday’s Asian session.  Profit-taking emerged and knocked BTC/USD lower to the 10650.00 area after Stops were elected below the 10697.05 area, representing the 23.6% retracement of the recent appreciating range from 10363.76 to 10800.  The pullback also represented a test of the 10647.87 area, representing the 50% retracement of the wider depreciating range from 10931.38 to 10363.76.  Additional retracement levels in this depreciating range include 10580.82 and 10497.86, and additional retracement levels in...

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Thailand central bank launches government savings bond powered through IBM blockchain

Quick take 1 minute read The world's first blockchain-based Government saving bonds issuance platform has just been launched by the Thailand central bank.  The interesting part about this new project is that it is entirely powered through Blockchain technology from IBM. The world's first blockchain-based Government saving bonds issuance platform has just been launched by the Thailand central bank. The interesting part about this new project is that it is entirely powered through Blockchain technology from IBM. $1.6 billion worth of savings bonds were sold within just two weeks since the launch of the new project according to the official...

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ETH/USD Tests 343.55 Support During Dive: Sally Ho's Technical Analysis 6 October 2020 ETH

Ethereum (ETH/USD) slumped early in today’s North American session as the pair depreciated to the 343.38 area after trading as high as the 355.33 area during the Asian session.  Stops were elected below the 347.74 and 345.16 areas during the move lower, representing the 38.2% and 50% retracements of the recent appreciating range from 334.19 to 356.12.  The pair tested the 342.70 area during the retreat, representing the 23.6% retracement of the recent broader depreciating range from 370.25 to 334.19.  Additional downside retracement levels include the 342.57, 342.06, 340.20, 339.37, 338.88, and 337.90 areas.  Traders are observing that the 50-bar...

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BTC/USD Extends Steady Climb and Approach of 11000: Sally Ho's Technical Analysis 5 October 2020 BTC

Bitcoin (BTC/USD) added to recent gains early in today’s Asian session as traders continued to accumulate above the 10500 level following the pair’s recent low around the 10363.76 area, representing a test of the 38.2% retracement of the historical appreciating range from 4680.65 to 13878.40.  Traders pushed BTC/USD as high as the 10775.26 area during yesterday’s North American session before some profit-taking ensued.   The pair encountered some technical resistance around the 10759.62 area earlier this week, representing a test of the 38.2% retracement of the recent appreciating range from 10211.00 to 11099.95.  Chartists are noting that technical resistance emerged around the 10735...

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