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Sally Ho's Technical Analysis 20 November 2019

Litecoin Litecoin (LTC/USD) gained ground early in today’s Asian session as the pair escalated to the 56.12 area after trading as low as the 54.10 area during yesterday’s European session. Traders continue to have their eyes on the 59.84 level, representing the 38.2% retracement of the 80.26 – 47.22 range and an area that traders tested earlier this week. That level is also right around another important technical level that represents the 38.2% retracement of the more recent 66.19 – 56.09 range.  The pair’s recent spin lower opens up potential downside targets such as the 54.47 and 51.70 areas, representing...

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Could Ethereum (ETH) Continue To Outperform Bitcoin (BTC)?

Ethereum dominance remains in a strong uptrend. We have yet to see any signs of weakness despite the overbought conditions that Ethereum dominance (ETH.D) is trading in at the moment. The market could see further short term bullishness which would be very promising for cryptocurrencies like Ethereum (ETH) that have broken key trend line resistances against Bitcoin (BTC). Ethereum dominance (ETH.D) is trading above the 200 day moving average at the moment and is showing no signs of backing down. Meanwhile, Bitcoin dominance remains at risk of further downside which points to the strong probability of altcoins rallying against Bitcoin...

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Bitcoin Crash Or Another Bear Trap?

Bitcoin has finally crashed and made the move that we have been calling for weeks. The price declined sharply below $8,544 and made a brutal move to the downside. However, just before that move, a lot of traders and analysts were busy drawing falling wedges on the BTC/USD chart. We warned against this and stated clearly how this wedge will be invalidated and broken to the downside. It happened and the price fell through it. Now that the price has finally begun a downtrend, let us see how low it could go and whether or not this is a good...

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Bitcoin (BTC) Finally Crashes But Bears Still Need To Be Very Cautious

Bitcoin has finally started to crash but the bears need to be very careful because there are certain indicators that point to short term bullishness in the market. One of such indicators is the EUR/USD forex pair. The 38.2% fib extension level has been breached and the pair is now resting on top of the 200 MA on the 4H time frame. It is very likely that it could trade higher from here if this level holds as support. If that happens, we could see near term bullishness in the cryptocurrency market as well. If EUR/USD rallies even higher to...

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Sally Ho's Technical Analysis 19 November 2019

Litecoin Litecoin (LTC/USD) fell sharply early in today’s Asian session as the pair reached a low around the 53.89 area steady selling from the 60.04 area during Friday’s North American session.  Many traders noticed that the pair briefly tested and traded as low as the 56.09 area during last Friday’s North American session, an important technical development given the technical significance of the 56.71 area as the 50% retracement of the recent 47.22 – 66.19 range.  The pair’s brief movements below that level opened up potential downside targets such as the 54.47 and 51.70 areas, representing the 61.8% and 76.4%...

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