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ETH/USD Weakens After 417.86 Peak: Sally Ho's Technical Analysis 25 October 2020 ETH

Ethereum (ETH/USD) slid lower early in today’s North American session as the pair depreciated to the 405.08 area after trading as high as the 417.86 area during the Asian session, just above the 78.6% retracement of the depreciating range from 421.47 to 401.51.   Major selling pressure saw ETH/USD weaken to the 405.00 level during the Asian session after Stops were elected below the 407.92 area, representing the 23.6% retracement of the appreciating range from 364.04 to 421.47.  If selling pressure continues, additional downside retracement levels in this depreciating range include 402.02 and 397.43.   One appreciating range that traders are monitoring...

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Outside Bar Leads to Strong BTC/USD Gains: Sally Ho's Technical Analysis 24 October 2020 BTC

Bitcoin (BTC/USD) encountered volatility early in today’s North American session as the pair depreciated to the 12925.89 level and traded as high as the 13105.06 area, a significant outside bar that saw bids tested around the 23.6% retracement of the appreciating range from 11876.51 to 13250.04.  Some Stops were elected above the 13087.36 and 13097.86 areas during the climb higher, representing the 76.4% and 78.6% retracements of the recent depreciating range from 13200 to 12722.72.  Earlier this week, buying pressure emerged around the 12865 area, just below the 12872.93 area that represents the 61.8% retracement of the recent appreciating range from 12670.67...

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ETH/USD Volatility in Outside Bar to Intraday High: Sally Ho's Technical Analysis 24 October 2020 ETH

Ethereum (ETH/USD) was volatile early in today’s North American session as the pair appreciated to the 416.54 area before depreciating as low as the 411.31 area during the Asian session, right around the 50% retracement of the depreciating range from 421.47 to 401.51.  Notably, the pair’s spike to intraday highs saw ETH/USD test the 76.4% retracement of the same depreciating range.  One appreciating range that traders are monitoring is the climb from 401.51 to 416.51, and some downside retracement levels include 410.80, 409.03, 407.25, and 405.06.  One appreciating range that traders continue to monitor is the ascent from 364.04 to...

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12872.93 Emerges as BTC/USD Technical Support: Sally Ho's Technical Analysis 23 October 2020 BTC

Bitcoin (BTC/USD) ceded some gains early in today’s North American session as the pair depreciated to the 12946.35 level after trading as high as the 13200 area during the Asian session.  Buying pressure emerged around the 12865 area during the European session, just below the 12872.93 area that represents the 61.8% retracement of the recent appreciating range from 12670.67 to 13200.  Another appreciating range that traders are monitoring is the ascent from 12698.02 to 13200.00.  Notably, bids emerged just below the 12949.01 area during the North American session, an area that represents the 50% retracement of the narrower appreciating range.  A couple...

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ETH/USD Bids at 409.45 Maintain Upside Pressure: Sally Ho's Technical Analysis 23 October 2020 ETH

Ethereum (ETH/USD) gave back some recent gains early in today’s North American session as the pair depreciated to the 415.70 area after trading as high as the 421.47 area during the Asian session.  Buying pressure emerged during the Asian and European sessions around the 412.43 area, a level that represents the 23.6% retracement of the recent depreciation from 421.47 to 409.64.  Some minor Stops were then elected above the 418.68 and 418.94 areas during the ascent, representing the 76.4% and 78.6% retracements of the same depreciating range.  Chartists observed that during the pair’s pullback from multi-month highs during the Asian...

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