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ETH/USD at 370 after Two Days of Gains: Sally Ho's Technical Analysis 1 October 2020 ETH

Ethereum (ETH/USD) gained ground early in today’s North American session as the pair appreciated to the 370.25 area after trading as low as the 351.38 area during yesterday’s North American session.  The pair’s short-term upward trajectory became evident when bids emerged around the 359.36 and 363.40 levels during the Asian and European sessions, levels related to upside demand that previously emerged around the 229.77 and 394.55 levels.  Some Stops were elected above the 369.26 and 369.57 areas during the move higher, with greater Stops triggered above the 369.81 level, representing the 50% retracement of the recent depreciation from 384.61 to...

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BTC/USD Traders Lacking Conviction at Moment: Sally Ho's Technical Analysis 1 October 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 10700 level early in today’s Asian session as the pair remained below the 10860.79 intraday high from yesterday’s Asian session, and above the 10657.04 intraday low from yesterday’s European session.  Traders are seeking to discern fresh market sentiment to determine BTC/USD’s next likely movements.  Chartists are observing that the 100-hour simple moving average has just bearishly moved above the 50-hour simple moving average, while the 100-bar 4-hourly simple moving average is bullishly converging with the 200-bar 4-hourly simple moving average.  Selling pressure recently continued until buying pressure emerged around the 10621.22 area, just above the 61.8%...

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ETH/USD Higher on Technical Support at 351.38: Sally Ho's Technical Analysis 30 September 2020 ETH

Ethereum (ETH/USD) traded sideways early in today’s North American session as the pair appreciated to the 358.80 area after moving higher from the 351.38 area, an intraday low reached after selling pressure emerged around the 360.59 area during the Asian session.  This intraday high was just below the 100-bar 4-hourly simple moving average, and traders are observing that ETH/USD is now trading between the 100-bar 4-hourly simple moving average and the 50-bar 4-hourly simple moving average.  Traders are also observing that the intraday low was right around the 76.4% retracement of the recent appreciating range from 346.03 to 368.52.   Notably,...

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10000 or 11000 for BTC/USD First? Sally Ho's Technical Analysis 30 September 2020 BTC

Bitcoin (BTC/USD) looked to maintain its upward bias early in today’s Asian session as the pair continued to fixate on the psychologically-important 11000 figure.  After trading as high as the 10956.11 area during yesterday’s Asian session, traders knocked BTC/USD lower from the 10947.07 area during yesterday’s North American session.  Selling pressure continued until buying pressure emerged around the 10621.22 area, just above the 61.8% retracement of the historical depreciating range from 13202.63 to 6430.00.  Traders also observed that technical support lifted the pair from the 10714 area during yesterday’s North American session, right around the 100-bar 4-hourly simple moving average.  Traders also...

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359.22 is ETH/USD's Short-Term Hurdle: Sally Ho's Technical Analysis 29 September 2020 ETH

Ethereum (ETH/USD) recovered some lost ground early in today’s North American session as the pair appreciated to the 358.90 area after trading as low as the 350.19 area during the Asian session, just above the 349.82 area that represents the 78.6% retracement of the recent depreciating range from 353.14 to 337.63.   Traders pushed the pair as high as the 368.52 area during yesterday’s North American session before retreating lower with selling pressure intensified during the Asian session.  The 359.19 area represents the 50% retracement of the recent short-term depreciating range from 368.18 to 350.19, and the next upside retracement levels...

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