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Technical Support at 337.81 Lifts ETH/USD: Sally Ho's Technical Analysis 25 September 2020 ETH

Ethereum (ETH/USD) gained ground early in today’s North American session as the pair appreciated to the 348.52 area after trading as low as the 337.63 area during the European session, a test of the 38.2% retracement of the recent appreciating range from 313.00 to 353.14.  Upside pressure later emerged around the 343.67 area, representing the 23.6% retracement of the recent appreciating range.  Stops were elected above the 345.39 and 347.22 levels, retracement levels related to the recent depreciating range from 353.14 to 337.63.    Chartists are observing that the 50-bar 4-hourly simple moving average has recently bearishly crossed below the 100-bar...

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BTC/USD Absorbs Technical Resistance on Push from 10135: Sally Ho's Technical Analysis 25 September 2020 BTC

Bitcoin (BTC/USD) orbited the 10500 level early in today’s Asian session as the pair added to recent gains that saw buying pressure drive the price higher from the 10135.22 area during yesterday’s Asian session.  Upside momentum was strong during yesterday’s European session and intensified during yesterday’s North American session.  Stops were elected above the 10534.29 and 10657.56 areas during the appreciation, representing the 38.2% and 50% retracements of the recent depreciation from 11179.90 to 10135.22.  Additional upside retracement levels related to this depreciating range include 10780.83 and 10933.36.   Traders will closely monitor price activity around some technically significant levels including the 10562.09,...

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ETH/USD Glides Higher from a Big Historical Level: Sally Ho's Technical Analysis 24 September 2020 ETH

Ethereum (ETH/USD) moved higher early in today’s North American session as the pair appreciated to the 343.21 area after trading as low as the 313.00 area during the Asian session, representing a test of the 314.17 area that represents the 50% retracement of the historical depreciation from 547.57 to 80.77.   Technical resistance emerged right around the 100-hour simple moving average during the North American session, and this area was also around a retracement level related to the recent depreciating range from 346.84 to 332.77.  Chartists are observing that the 200-bar 4-hourly simple moving average has recently bearishly crossed above the...

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Key BTC/USD Hurdle at 10679.95: Sally Ho's Technical Analysis 24 September 2020 BTC

Bitcoin (BTC/USD) remained somewhat on the defensive early in today’s Asian session as the pair attempted to claw back recent losses following its recent low around the 10180.00 area.  Traders were able to get BTC/USD back as high as the 10576.82 area during yesterday’s Asian session, just above the 100-bar 4-hourly simple moving average.  Selling pressure then knocked BTC/USD back to the 10380.49 level, just above the 50% retracement of the recent appreciation from 10180 to 10576.82.   Notably, this technical support was also right around the 10354.65 area, representing the 23.6% retracement of the recent depreciating range from 12086 to 9819.83.  Chartists...

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ETH/USD Recovering But Facing 339.81 Resistance: Sally Ho's Technical Analysis 23 September 2020 ETH

Ethereum (ETH/USD) recovered some lost ground early in today’s North American session as the pair appreciated to the 339.28 area after trading as low as the 332.77 area during the European session.  Quite a bit of trading activity was focused on the 335.70 area, representing the 50% retracement of the recent appreciating range from 310.79 to 360.61.   Traders are now monitoring the recent short-term depreciating range from 346.84 to 332.77 and note that ETH/USD has been unable to move back above the 339.81 level, representing the 50% retracement of the range.  Additional upside retracement levels related to the range include...

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