Hot Topics

Advertisement

Advertisement

BTC/USD Bears Eyeing Some Longer-Term Targets Below 9000: Sally Ho's Technical Analysis 6 July 2020 BTC

Bitcoin (BTC/USD) remained relatively weak early in today’s Asian session as the pair continues to orbit the psychologically-important 9000 figure after being capped around the 9195.84 area during yesterday’s Asian session, just above the 9188.22 area that represents the 38.2% retracement of the depreciation from 9792.00 to 8815.01.   Traders were unable to test the 9212.43 area during the brief move higher, a level that represents the 76.4% retracement of the recent depreciation from 9297.20 to 8838.00.  Following the pair’s ongoing relative weakness, traders are carefully monitoring downside retracement levels including the 8695.01, 8680.35, and 8654.53 levels.  Traders continue to observe...

Read More

ETH/USD Bears Eyeing a Test of 222.95: Sally Ho's Technical Analysis 5 July 2020 ETH

Ethereum (ETH/USD) remained on the defensive early in the North American session after trading as low as the 223.53 area during today’s European session.  Some Stops were elected below the 223.97 area, representing the 50% retracement of the recent appreciation from 215.16 to 232.77.  Traders stopped just short of testing the 233.16 area, a level that represents the 23.6% retracement of the recent depreciation from 249.04 to 215.16.  Not too far below current price activity, traders are waiting to see what will happen around the 222.95 area, representing the 23.6% retracement of the recent appreciation from 123.72 to 253.60.  Traders...

Read More

Trading Anticipating BTC/USD Breakout - But Which Direction? Sally Ho's Technical Analysis 5 July 2020 BTC

Bitcoin (BTC/USD) slightly extended its downward pressure early in today’s North American session as the pair recently weakened to the 9039.84 area after running out of steam around the 9103.11 area during yesterday’s Asian session.  Traders have kept the pair confined to a relatively tight range after it weakened from the 9297.20 area last week.  Minor Stops were recently elected below the 9048.50 area, representing the 50% retracement of the recent appreciation from 8938.00 to 9159.00.  Traders continue to observe the 9045.58 area as an important technical level that represents the 23.6% retracement of the recent depreciation from 9792.00 to...

Read More

ETH/USD Momentum Quite Weak: Sally Ho's Technical Analysis 4 July 2020 ETH

Ethereum (ETH/USD) recovered marginally to the 226.45 area after trading as low as the 224.31 level during the Asian session, just above the 223.97 area that represents the 50% retracement of the recent appreciation from 215.16 to 232.77.  Some selling pressure subsequently kept the pair capped around the 226.60 area, representing the 38.2% retracement of the recent depreciation from 232.77 to 222.78.  Traders continue to observe that ETH/USD has recently been unable to hold the 228.70 area, one that is technically significant as it represents the 23.6% retracement of the recent appreciation from 148.08 to 253.60.  Above the recent market...

Read More

BTC/USD Short-Term Dilemma at 9117.60: Sally Ho's Technical Analysis 4 July 2020 BTC

Bitcoin (BTC/USD) extended its recent defensive trading posture early in today’s Asian session as traders continued to wait to see if the pair would remain above the psychologically-important 9000 figure following its recent move lower to the 8938.00 area.  One short-term range that traders are observing is the recent decline from 9297.20 to 8938.00, with some recent technical resistance seen just above the 9117.60 area that represents its 50% retracement.  Above that level, traders will pay close attention to 9159.99 and 9212.43 levels as upside retracement areas.  Traders are observing the recent depreciating range from 10428.00 to 8815.01, with the...

Read More