Hot Topics

Advertisement

Advertisement

ETH/USD Bid Higher to the 200-hour Simple Moving Average: Sally Ho's Technical Analysis 28 August 2020 ETH

Ethereum (ETH/USD) traded higher early in today’s North American session as the pair appreciated to the 394.40 area after trading as low as the 376.88 area during the Asian session.  Buying pressure emerged around the 386.44 area during the move higher, a level that represents the 38.2% retracement of the recent appreciation from 362.88 to 401.00.  Additional upward momentum then emerged around the 387.35 area, representing the 61.8% retracement of the recent depreciation from the 397.15 area to the 377.02 area.  Traders then pushed ETH/USD higher to test the 200-hour simple moving average.  Recently, bids emerged above the 377.44 area,...

Read More

BTC/USD Drawn to 11631 and 11429: Sally Ho's Technical Analysis 28 August 2020 BTC

Bitcoin (BTC/USD) continued to lack a clear upward conviction early in today’s Asian session as the pair continued to orbit the 11429.33 area, representing the 23.6% retracement of the recent depreciation from 12486.61 to 11102.73.  Buying pressure emerged just above the 11272.86 area during yesterday’s North American session, representing the 23.6% retracement of the recent depreciation from 11823.62 to 11102.73.  Other nearby areas of recent technical support include the 11248.08 and 11236.14 levels, representing the 76.4% and 78.6% retracements of the recent appreciation from 11120.00 to 11662.72.  During the pair’s recent pullback from multi-month highs, Stops were elected below the 11642.05, 11603.11,...

Read More

ETH/USD Looking Soft Below 400: Sally Ho's Technical Analysis 27 August 2020 ETH

Ethereum (ETH/USD) glided lower early in today’s North American session as the pair depreciated to the 381.07 area after trading as high as the 390.66 area during the Asian session.  Buying pressure emerged around the 381.32 and 380.97 areas during the European and North American sessions, representing the 76.4% and 78.6% retracements of the recent appreciation from 377.56 to 393.50.  Recent weakness has seen ETH/USD trade around its 200-bar, 4-hourly simple moving average.  Recently, bids emerged above the 377.44 area, representing a test of the 61.8% retracement of a recent appreciating range from 362.88 to 401.00.  ETH/USD has also recently...

Read More

BTC/USD Back Below 11000 Soon? Sally Ho's Technical Analysis 27 August 2020 BTC

Bitcoin (BTC/USD) extended its upward trajectory early in today’s Asian session as the pair continued to reclaim some lost ground after its recent depreciation from the 11823.62 area.  Traders knocked BTC/USD as low as the 11102.73 area before traders tested the 11548.24 area during yesterday’s North American session, representing the 61.8% retracement of the recent depreciation from 11823.62 to 11102.73.  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 11442.52 areas, levels related to the pair’s appreciation to the 12486.61 area.  The print at 11370 also represented a test of the 11348.03...

Read More

ETH/USD Recovers Half of Decline from 411: Sally Ho's Technical Analysis 26 August 2020 ETH

Ethereum (ETH/USD) rallied higher early in today’s North American session as the pair appreciated to the 393.50 area after trading as low as the 376.00 area during the Asian session.  Bids emerged above the 377.44 area earlier in the North American session, representing a test of the 61.8% retracement of a recent appreciating range from 362.88 to 401.00.  ETH/USD later encountered technical resistance around the 393.50 area, right around the 38.2% retracement of the recent appreciation from 306.29 to 447.50.  Traders continue to pay close attention to the 384.36 and 383.91 areas during the pair’s current pullback, representing the 76.4%...

Read More