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ETH/USD's Bid Falls Short of 241.01 - So Far: Sally Ho's Technical Analysis 20 July 2020 ETH

Ethereum (ETH/USD) tried to reclaim some of its recent gains early in today’s North American session as the pair traded as high as the 238.02 level after trading as low as the 237.16 area during the European session. Traders lifted ETH/USD to a recent multi-session high of 240.00 during the Asian session but soon encountered technical resistance around the 239.26 level during a pullback, representing the 38.2% retracement of the recent appreciation from 223.50 to 249.00.  The 233.24 area represents the 61.8% retracement of the recent appreciation from 223.50 to 249.00, and traders are interested to see if this area...

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BTC/USD Back Below 9195.68 Amid Fresh Weakness: Sally Ho's Technical Analysis 20 July 2020 BTC

Bitcoin (BTC/USD) lacked upside momentum early in today’s Asian session as the pair remained below the 9250 level after encountering resistance around the 9186.77 area during yesterday’s Asian session.  Traders dumped the pair to the 9105.37 area during yesterday’s North American session, right around the 50% retracement of the recent appreciation from 9005.00 to 9210.00.  The next downside retracement levels in the depreciating range include the 9083.31, 9053.38, and 9048.87 areas.  Another important range that traders are carefully observing is the earlier depreciation from 9200 to 9005 where the 9110.05 and 9069.90 areas represent the 38.2% and 23.6% retracements.   During...

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ETH/USD Fades Lower But 233.45 Technicals Support: Sally Ho's Technical Analysis 19 July 2020 ETH

Ethereum (ETH/USD) weakened early in today’s North American session as the pair traded as low as the 233.32 level after trading as high as the 236.97 area during yesterday’s North American session.  Traders pushed the pair as low as the 233.31 area during the European session before ETH/USD temporarily recovered to the 234.92 level, short of testing the 237.57 area that represents the 50% retracement of the earlier depreciation from 245.37 to 229.77.  Notably, the 233.24 area represents the 61.8% retracement of the recent appreciation from 223.50 to 249.00.  Also, this area is right around the 50% retracement of the...

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BTC/USD Traders Searching for Market Bias: Sally Ho's Technical Analysis 19 July 2020 BTC

Bitcoin (BTC/USD) continued to trade sideways early in today’s Asian session as the pair remained below the 9250 level after trading as low as the 9122.65 area during yesterday’s Asian session.  Decent buying lifted the pair from the 9126.91 level to the 9210.00 level during yesterday’s North American session, and the pair remains in a general uptrend since testing the 9005 area last week.  During the previous downturn, BTC/USD stopped just short of testing the 8970.77 area, representing the 76.4% retracement of the recent appreciation from 8815.01 to 9475.  Traders are closely monitoring three recent depreciating ranges including the move...

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Traders Bored by Dull ETH/USD Action: Sally Ho's Technical Analysis 18 July 2020 ETH

Ethereum (ETH/USD) traded sideways in today’s North American session as the pair traded as high as the 235.50 level before trading as low as the 234.20 area.  Traders took the pair higher from the 232.24 level during the Asian session, followed by strong bids that emerged around the 233.60 area during the European session.  The 233.24 level remains a very important technical level that ETH/USD continues to orbit, representing the 61.8% retracement of the recent appreciation from 223.50 to 249.00.  Also, this area is right around the 50% retracement of the recent appreciation from 217.62 to 249.04 in June.  Some...

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