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ETH/USD Fades from 144 area: Sally Ho's Technical Analysis 24 March 2020 ETH

Ethereum (ETH/USD) extended recent gains in today’s North American session as the pair traded as high as the 144.16 level after trading as low as the 130.35 area during today’s Asian session.  Stops were elected above the 143.19 level during the pair’s ascent, an upside price objective related to buying pressure that emerged around the 90.00 area on 13 March.  After establishing a multi-day high, ETH/USD faded to the 135.06 level, just above a downside price objective around the 134.76 area that became technically significant when selling pressure commenced around the 154.00 area.  Below these levels, downside price objectives include...

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BTC/USD Moderates After Trading Above 6440: Sally Ho's Technical Analysis 24 March 2020 BTC

Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair traded as high as the 6710.00 level after climbing from the 5846.88 level during yesterday’s European session.  Stops were elected above the 6447.71, 6501.17, 6541.62, and 6575.69 areas during the appreciation higher, levels that represent downside price objectives related to the depreciation from the 6990.00 area.  During yesterday’s North American session, the pair traded as high as the 6641.03 area before paring some intraday gains.  Traders continue to observe very volatile market conditions, rendering its quite challenging to determine market sentiment and a reliable trading bias.  After...

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ETH/USD tests 138.00 area: Sally Ho's Technical Analysis 23 March 2020

Ethereum (ETH/USD) gained ground early in today’s North American session as the pair traded as high as the 138.00 level after trading as low as the 119.20 level during today’s Asian session.  Traders pushed the pair to intraday highs after Stops were elected above the 134.76, 135.99, and 137.65 areas.   One range that traders are closely monitoring is the recent depreciation from the 154.00 area to the 115.51 level.  The 134.76 level represents the 50% retracement of this range, and traders will carefully observe if this level becomes technical support or technical resistance.  Another similar level that ETH/USD continues to...

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Sally Ho's Technical Analysis 23 March 2020 BTC ETH

Bitcoin (BTC/USD) depreciated early in today’s Asian session as the pair traded as low as the 5976.07 level after trading as high as the 6420.00 level during yesterday’s European session.  Trading activity was capped around the 6166.21 area during yesterday’s North American session, a level that represents the 38.2% retracement of the depreciation from 6990.00 to 5657.00.  Above that area, the 6480.79 area represents the 61.8% retracement, followed by the 6675.41 area as the 76.4% retracement level.    Traders continue to experience very volatile market conditions, rendering its quite challenging to determine market sentiment and a reliable trading bias.  After opening...

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Sally Ho's Technical Analysis 22 March 2020 BTC ETH

Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session as the pair escalated higher to the 6274.32 area after encountering upward buying pressure around the 5851.00 level during yesterday’s European session.  Notably, the 6274.32 area was just below some upside price objectives related to the 3858.00 and 4432.30 areas, along with downside price objectives related to the 6990.00 area. The pair peaked around the 6384.60 level during yesterday’s Asian session before depreciating.  Traders continue to experience very volatile market conditions, rendering its quite challenging to determine market sentiment and a reliable trading bias.  After opening the month around the...

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