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366.31 Again Emerges as Important Level After ETH/USD Decline: Sally Ho's Technical Analysis 12 October 2020 ETH

Ethereum (ETH/USD) moved lower from the 375.00 level early in today’s North American session as the pair depreciated to the 365.77 area after trading as high as the 375.50 area during the Asian session, a test of the 375.81 area that represents the 61.8% retracement of the depreciating range from 380.00 to 369.02.  Stops were elected below several area of potential technical support during the move lower including 371.61, 369.81, 368.10, 367.74, and 366.31.  Notably, the 366.31 area represents the 38.2% retracement of the recent depreciating range from 384.61 to 355.00.  The pair’s recent high remains the 380.81 level that...

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Bids Around 11272 to Support BTC/USD? Sally Ho's Technical Analysis 12 October 2020 BTC

Bitcoin (BTC/USD) continued to oscillate above the 11000 figure early in today’s Asian session as traders worked to discern market sentiment following the pair’s recent high print around the 11498.98 area, just above the 11489.10 level that represents the 38.2% retracement of the depreciating range from 12086.22 to 11120.00.   Strong buying pressure emerged around the 10532.11 area late last week, and Stops were elected above the 10962.34 area, a level that represents the 61.8% retracement of the recent appreciating range from 8055.91 to 13868.44.  Stops were also elected above many additional upside price objectives including the 11120, 11179.90, 11272.86, 11378.11, 11409.40, and...

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ETH/USD Capped by 377.41 Technical Resistance: Sally Ho's Technical Analysis 11 October 2020 ETH

Ethereum (ETH/USD) weakened marginally early in today’s North American session as the pair depreciated to the 371.17 area after trading as high as the 377.49 area during the European session, a test of the 377.62 area that represents the 76.4% retracement of the depreciating range from 384.61 to 355.00.   The pair ran out of steam at the 380.00 area during yesterday’s North American session, right around the 78.6% retracement of a narrower depreciating range from 384.61 to 363.00.  Traders are also observing that the pair was capped just above the 377.41 area, representing the 76.4% retracement of the recent depreciating...

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BTC/USD Grabs Stops on March to 12000: Sally Ho's Technical Analysis 11 October 2020 BTC

Bitcoin (BTC/USD) added to its recent climb above the 11000 figure early in today’s Asian session as the pair’s positive market sentiment continues to result in traders adding to long positions.  Strong buying pressure emerged around the 10532.11 area late last week, and Stops were elected above the 10962.34 area, a level that represents the 61.8% retracement of the recent appreciating range from 8055.91 to 13868.44.  Stops were also elected above many additional upside price objectives including the 11120, 11179.90, 11272.86, 11378.11, 11409.40, and 11489.10 levels en route to BTC/USD’s recent high of 11498.98.  Additional upside price objectives include the 11707.13, 11804.29,...

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ETH/USD Takes Breather After Run-Up: Sally Ho's Technical Analysis 10 October 2020 ETH

Ethereum (ETH/USD) gave back some recent strong gains early in today’s North American session as the pair depreciated to the 368.50 area after trading as high as the 380.81 area during the European session, stopping short of testing the 381.49 area that represents the 76.4% retracement of the recent depreciating range from 384.61 to 371.38.  Stops were elected above a series of upside price objectives during the pair’s surge in the Asian session and yesterday’s North American session, including the 368.10, 372.07, 373.81, and 378.27 levels.  Additional upside price retracement levels include the 382.56, 384.87, 387.15, 390.41, 394.55, 399.87, and...

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