Hot Topics

Advertisement

Advertisement

ETH/USD Tests 400.00, Then Heads South: Sally Ho's Technical Analysis 23 August 2020 ETH

Ethereum (ETH/USD) moved lower early in today’s North American session as the pair depreciated to the 385.44 area after trading as high as the 400.00 figure in the Asian session, just above the 50% retracement of the recent depreciation from 410.58 to 379.53.  Traders are paying close attention to the 384.36 and 383.91 areas during the pair’s current pullback, representing the 76.4% and 78.6% retracements of the recent short-term appreciation from 379.53 to 400.00.   Stops were elected below the 398.91, 397.08, 396.37, 392.67, 386.63, 384.29, and 382.47 areas during the pair’s recent depreciation from the 447.50 area.  Following the pair’s...

Read More

BTC/USD and 11529.38 - Mine or Yours? Sally Ho's Technical Analysis 23 August 2020 BTC

Bitcoin (BTC/USD) remained pressured early in today’s Asian session as the pair continued to orbit the 11500 area following its recent depreciation from the 11892.16 area.  Traders drove BTC/USD as low as the 11370 area late last week after 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 recent appreciation to the 12486.61 area.  The print at 11370 also represented a test of the 11348.03 area, a level related to selling pressure that recently emerged around the 12086.22 area.  The pair recently traded as high as the 12486.61 area, its strongest print since...

Read More

ETH/USD Bears Eyeing 357.95 on Pullback: Sally Ho's Technical Analysis 22 August 2020 ETH

Ethereum (ETH/USD) found a bid early in today’s North American session as the pair appreciated to the 392.23 area after trading as low as the 379.53 area earlier in the Asian session, a test of the 379.08 area that represents the 38.2% retracement of the recent appreciation from 268.39 to 447.50.  Stops were elected below the 398.91, 397.08, 396.37, 392.67, 386.63, 384.29, and 382.47 areas during the pair’s recent depreciation.  Following the pair’s recent depreciation from the 447.50 level to the 379.53 area, traders are eyeing upside retracement levels around the 395.57, 405.49, 413.52, 421.54, and 431.46 areas.  The 396.69...

Read More

BTC/USD Extends Pullback from 12000 as Stops Hit: Sally Ho's Technical Analysis 22 August 2020 BTC

Bitcoin (BTC/USD) continued to back away from the 12000 figure early in today’s Asian session as short-term technical sentiment continued to erode following the pair’s pause around the 11892.16 area earlier this week.  During the current downturn, Stops were elected below the 11768.71, 11730.58, and 11692.45 areas, representing the 38.2%, 50%, and 61.8% retracements of the recent appreciation from 11569 to 11882.16, and traders are eyeing the 11645.27 and 11638.16 areas as additional downside price retracement levels.  One range that has recently influenced recent price activity is the recent appreciation from 11546.15 to 12086.22, and traders are observing that buying activity emerged...

Read More

ETH/USD Stops Hit Below 404.91 as Bears Befriend Gravity: Sally Ho's Technical Analysis 21 August 2020 ETH

Ethereum (ETH/USD) was pressured lower early in today’s North American session as the pair depreciated to the 405.21 area after trading as high as the 419.58 area earlier in the Asian session, a test of the 200-hour simple moving average.  The intraday low represented a test of the 404.91 area, representing the 23.6% retracement of the recent depreciation from 447.50 to 391.75.  One short-term range that traders are monitoring is the recent appreciation from 393.75 to 419.58.  Earlier this week,  buying pressure emerged above the 392.67 area, representing the 38.2% retracement of the recent appreciation from 215.16 to 447.50.  Following...

Read More