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ETH/USD Stops Cleared Down to 225.50: Sally Ho's Technical Analysis 20 June 2020 ETH

Ethereum (ETH/USD) glided lower early in today’s North American session as the pair depreciated to the 227.31 level after peaking around the 230.67 area during the Asian session.  Traders pushed the pair lower during the European session, reaching the 225.50 area after Stops were elected below the 227.40 area.  Traders tested the 225.13 level during the move lower, representing the 61.8% retracement of the recent appreciation from 217.79 to 237.00.  If this level gives way, ETH/USD bears will see if they can push the pair lower and test the 222.32 area, the next downside retracement level in this appreciating range. ...

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Can BTC/USD Bulls Hold the 9243 Level? Sally Ho's Technical Analysis 20 June 2020 BTC

Bitcoin (BTC/USD) remained on the defensive early in today’s Asian session as the pair depreciated to the 9281.90 level after trading as high as the 9430.00 area during yesterday’s European session, right around the 23.6% retracement of the recent appreciation from 8995.01 to 9592.04.  Notably, the 9243.53 area represents the 50% retracement of this appreciating range, and BTC/USD has recently been bid around that level.  Traders have been unable to keep the pair above the 9530.47 area during its recent brief trading activity above this level, representing the 50% retracement of the recent appreciation from 8632.93 to 10428.00, and this...

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Bearish ETH/USD Pressure at 231.90 Technicals: Sally Ho's Technical Analysis 19 June 2020 ETH

Ethereum (ETH/USD) weakened early in today’s North American session as the pair dropped to the 228.43 area after running out of steam around the 231.90 earlier, a bearish indication given that level’s technical significance as the 38.2% retracement of the recent appreciation from 196.65 to 253.64.  The pair has briefly traded below the 227.40 area, representing the 50% retracement of the recent appreciation from 217.79 to 237.00, with the next downside retracement level in this range being the 226.13 area.  Price activity recently has not gone too far above the 234.03 area, representing the 50% retracement of the recent depreciating...

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BTC/USD Bids Around 9243 Keep Bulls Alive: Sally Ho's Technical Analysis 19 June 2020 BTC

Bitcoin (BTC/USD) found a minor bid early in today’s Asian session as the pair escalated higher to the 9388.00 area after trading as low as the 9227.03 area in yesterday’s Asian session, just below the 50% retracement of the recent appreciation from 8895.01 to 9592.04.  This low was also just below the 9256.80 area, representing the 23.6% retracement of the recent depreciation from 10428.00 to 8895.01.  Traders have been unable to keep the pair above the 9530.47 area during its recent brief trading activity above this level, representing the 50% retracement of the recent appreciation from 8632.93 to 10428.00, and...

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ETH/USD Supported by Technical Bids at 227.50: Sally Ho's Technical Analysis 18 June 2020 ETH

Ethereum (ETH/USD) glided early in today’s North American session as the pair receded to the 229.51 area after running out of steam around the 234.50 area during today’s Asian session.  The technical resistance that ETH/USD encountered around this level was a very important technical clue because it was right around previous technical support, and a failure to breach this level became bearish for the pair in the short-term.  During today’s pullback, the intraday low was right around the 50% retracement of the recent appreciation from 217.79 to 237.00.  Technical trading activity was recently detected when traders tested the 231.88 area,...

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