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378.85 a Short-Term Challenge for ETH/USD: Sally Ho's Technical Analysis 11 September 2020 ETH

Ethereum (ETH/USD) found some upward strength early in today’s North American session as the pair appreciated to the 368.45 area after trading as low as the 355.81 area during the Asian session.  Technical resistance emerged during yesterday’s North American session around the 377.79 area, just below the 378.85 area that represents the 38.2% retracement of the depreciating range from 488.95 to 310.79.   ETH/USD bulls are looking to see if the pair can establish a base above the 352.84 area, representing the 23.6% retracement of this depreciating range.  Additional upside retracement levels in this depreciating range include the 399.87, 420.89, and...

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BTC/USD Shows Life with Pop Above 10354.65: Sally Ho's Technical Analysis 11 September 2020 BTC

Bitcoin (BTC/USD) displayed some upward momentum early in today’s Asian session as the pair continued to score gains above the psychologically-important 10000 figure.  The pair traded as low as the 10175.35 area during yesterday’s Asian session, representing a test of both the 50-hour and 100-hour simple moving averages.  Traders later pushed the pair above the 50-bar, 4-hourly simple moving average and 200-hour simple moving average during yesterday’s North American session.  BTC/USD bulls are looking to see if the pair can establish a base above the 10354.65 area, representing the 23.6% retracement of the depreciating range from 12086 to 9819.83.  The next upside...

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ETH/USD Higher After Support Emerges at 362.88 Again: Sally Ho's Technical Analysis 10 September 2020 ETH

Ethereum (ETH/USD) gained ground early in today’s North American session as the pair appreciated to the 377.07 area after trading as low as the 350.08 area during the Asian session, a test of the 378.85 area that represents the 38.2% retracement of the recent depreciation from 488.95 to 310.79.   Bids emerged during the European session around and just below the 362.88 area, a previous support level related to the pair’s run higher to the 401.00 area weeks ago.  Additional upside retracement levels in this depreciating range include the 399.87, 420.89, and 446.90 areas. The pair is also now trading above...

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BTC/USD Seeking Sentiment Just Above 10000: Sally Ho's Technical Analysis 10 September 2020 BTC

Bitcoin (BTC/USD) attempted to extend short-term gains early in today’s Asian session as the pair continued to gyrate above the psychologically-important 10000 figure after weakening to the 9819.83 area during yesterday’s North American session, its weakest print since late July.  The pair has recently moved above its 50-hour simple moving average and 100-hour simple moving average, and may challenge its 50-bar, 4-hourly simple moving average during additional appreciation.  On the upside, the 10395.81 area represents the 23.6% retracement of the recent depreciating range from 12086 to 9873.71, and the 10490.35 area represents the 23.6% retracement of the depreciating range from 12486.61 to...

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ETH/USD Tests 350 on Upside Move: Sally Ho's Technical Analysis 9 September 2020 ETH

Ethereum (ETH/USD) improved early in today’s North American session as the pair appreciated to the 350.20 area after trading as low as the 325.36 area during the Asian session, the latest sideways movements as traders await new market sentiment.  The 352.84 area is an immediate upside price objective, representing the 23.6% retracement of the recent depreciating range from 488.95 to 310.79.  Additional upside retracement levels in this depreciating range include the 378.85, 399.87, 420.89, and 446.90 areas.  The pair is also now trading above the 100-bar, 4-hourly simple moving average, and will need to contend with the 50-bar hourly simple...

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