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ETH/USD Traders Focused on 1419.96. That's Right - 1419.96: Sally Ho's Technical Analysis 3 September 2020 ETH

Ethereum (ETH/USD) weakened sharply early in today’s North American session as the pair depreciated to the 400.01 area after trading as high as the 451.00 area during the Asian session, a test of the 396.69 area that represents the 23.6% depreciation from 1419.96 to 80.60.   Technical trading was evident overnight when the pair failed to sustain a break of the 444.08 area, representing the 23.6% retracement of the recent appreciation from 371.50 to 488.95.  Stops were then elected below the 430.23 and 416.37 areas during the downturn, representing the 50% and 61.8% retracements of the appreciating range.  Earlier this week,...

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12086 Again Emerges as BTC/USD Chokepoint: Sally Ho's Technical Analysis 3 September 2020 BTC

Bitcoin (BTC/USD) continued to move away from the psychologically-important 12000 figure early in today’s Asian session as traders continued book profits following the recent high print of 12086 reached earlier this week, a test of the same technical resistance encountered on 9 – 10 August and 18 August. Stops were elected below the 11710.39, 11594.37, 11478.34, and 11334.78 areas during the pullback, representing the 38.2%, 50%, 61.8%, and 76.4% retracements of the recent appreciating range from 11102.73 to 12086.  The 11794.67 area was absorbed during the recent move higher, representing the 50% retracement of the recent depreciation from 12486.61 to 11102.73.  Additional...

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ETH/USD Tests 500 for First Time Since July 2018: Sally Ho's Technical Analysis 2 September 2020 ETH

Ethereum (ETH/USD) encountered some upside activity early in today’s North American session as the pair appreciated to the 448.70 area after trading as low as the 420.58 area during the European session.  Traders drove the pair as high as the 488.95 area during the Asian session after some Stops were elected above the 487.55 area, its first test of the psychologically-important 500.00 figure since July 2018.   Stops were recently elected above the 474.59 area, an upside price objective that represents the 50% retracement of the historical depreciation from 828.97 to 80.60.  Additional upside price objectives include the 498.68, 516.03, 517.38,...

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BTC/USD Action Highly Technical on Drive to 12000: Sally Ho's Technical Analysis 2 September 2020 BTC

Bitcoin (BTC/USD) extended its recent gains early in today’s Asian session as traders continued to ride the upward momentum towards the psychologically-important 12000 figure.  The 11794.67 area was absorbed during the move higher, representing the 50% retracement of the recent depreciation from 12486.61 to 11102.73.  Additional retracement levels in this depreciating range include 11957.97, 12160.01, and 12190.46.   Notably, the 11631.37 area represents the 38.2% retracement of this depreciating range, and traders are interested to see if BTC/USD can establish momentum above this level.   During the pair’s recent pullback from multi-month highs, Stops were elected below the 11642.05, 11603.11, 11560.28, 11533.61, 11516.38, and...

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ETH/USD Rockets to 2-Year Highs: Sally Ho's Technical Analysis 1 September 2020 ETH

Ethereum (ETH/USD) extended recent gains early in today’s North American session as the pair appreciated to the 473.53 area after trading as low as the 428.65 area during the Asian session.   Stops were elected above the 474.59 area, an upside price objective that represents the 50% retracement of the historical depreciation from 828.97 to 80.60.  Additional upside price objectives include the 487.55, 498.68, 516.03, 517.38, 531.80, and 543.09 areas.  The pair’s ongoing upward momentum was confirmed yesterday when buying pressure emerged around the 418.79 area during a pullback, representing the 61.8% retracement of the historical depreciation from 627.83 to 80.60. ...

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