Hot Topics

Advertisement

Advertisement

Sally Ho's Technical Analysis 20 June 2019

Bitcoin Bitcoin (BTC/USD) rebounded early in today’s Asian session as the pair escalated higher to the 9279.00 area after buying demand commenced late in yesterday’s North American session. Stops were elected above the 9262.88 level during the move higher, representing the 61.8% retracement of the move from 9475.00 to 8919.72. Prior to this area, Stops were triggered above the 9142.77 area, representing the 50% retracement of the 8810.53 – 9475.00 range. Early in yesterday’s European session, technical Resistance emerged just above the 9197.36 retracement area and the corresponding selling pressure knocked the pair lower to the just below the 9050.77...

Read More

Ethereum (ETH) Could Kick Off A Mini Altcoin Season As Early As This Week

Ethereum (ETH) is struggling to break out of the symmetrical triangle it has been trading in since the beginning of the month. The price started to rally significantly around June 10 and topped out around June 16. However, it is once again ready to climb towards the top of the triangle having just tested the bottom of the triangle recently. ETH/USD has also found support on the 50 EMA on the 4H time frame. The price has also yet to break the ascending channel it has been trading in for the past few months. This gives the bulls more hope...

Read More

EUR/USD Near Term Outlook Points To Further Upside In Bitcoin (BTC)

The Fiber (EUR/USD) has recently been through an extensive correction that has now seen it retrace to the top of the descending triangle it escaped from earlier. As the pair has found strong support on the previous resistance turned support, we can expect it to continue rallying from here especially as the pair is likely to just break out of a falling wedge. This breakout could result in a completion of the ABCD pattern drawn on the 4H chart for EUR/USD. Recent stance taken by ECB President, Mario Draghi hints that further rate cuts might be on the way for...

Read More

CryptoDaily Large-Cap Index Leads Indices Lower

The CryptoDaily Large-Cap Cryptocurrency Index fell to 33.16 on Tuesday from 34.08 on Monday, a 2.7% decline from the previous day.  The Large-Cap Index is up +8.69% over the past 7 days and is up +17.05% over the past 30 days. Cosmos (ATOM) led the Index lower, falling 5.7% to a market capitalisation of US$ 1.26 billion as traders continue to react to news about last month’s “critical security vulnerability” that may have enabled hackers to avoid certain penalties for misbehaviour on the network. Chainlink (LINK) was also off 5.3% while Zcash (ZEC) led the gainers with a +10.3% gain....

Read More

What If Bitcoin (BTC) Is About To Top Out?

Bitcoin (BTC) has started to show weakness just when everyone expected it to rally higher. A quick glance at the top twenty cryptocurrencies shows us that there is blood on the streets. Now, one could argue that this is just the market cooling off before the next run up but let us not forget that the price has been at major risk of a sharp decline for weeks. The Fear and Greed Index is down only one point from yesterday but sentiment does not take time to change in this market. Taking a look at Crypto Daily Indices, we can...

Read More