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ETH/USD Makes Some Headway Above 243.99: Sally Ho's Technical Analysis 6 June 2020 ETH

Ethereum (ETH/USD) encountered some selling pressure during today’s North American session as the pair receded to the 241.20 level after trading as high as the 244.52 area during the European session, just above the 243.99 area that represents the 61.8% retracement of the recent depreciation from 247.90 to 237.67.   The intraday low was just above the 241.10 level, representing the 50% retracement of the recent appreciation from 237.67 to 244.52.  A series of Stops were elected during the pair’s recent descent, including below the 240.16, 238.89, 231.85, 229.79, and 228.70 levels.  Above recent price activity, upside price objectives include the...

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Bearish Headwinds at 9849 for BTC/USD: Sally Ho's Technical Analysis 6 June 2020 BTC

Bitcoin (BTC/USD) exhibited some weakness early in today’s Asian session as the pair weakened to the 9621.03 area after being capped around the 9855.00 area during yesterday’s European session, right around the 50% retracement of the recent depreciation from 10428 to 9270.  Following the headwinds that the pair encountered around the 9880.17 level during Thursday’s trading activity, the pair is experiencing some short-term weakness.  The pair has been supported in the short-term above the 9579.00 area, representing the 50% retracement of the recent appreciation from 9270.00 to 9888.00.  Stops were reached this week below the 10004.36, 9742.28, 9530.47, and 9318.65...

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Bitcoin Is Close To The Next Big Move

Bitcoin is very close to the next major move which is more likely to be to the downside than the upside. Short-term, it could end up revisiting $10k in a bullish scenario if the bulls fight back to reassert control. However, it has become very clear at this point that they have clearly lost the war even if they win a battle here or there. The larger trend will be in favor of the bears for the remainder of the year and it is only a matter of time that it happens. For now, BTC/USD as well as most other...

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ETH/USD's Test of 247.61 Was Bullish: Sally Ho's Technical Analysis 5 June 2020 ETH

Ethereum (ETH/USD) extended its recent orbit around the key 242.09 level during today’s North American session as the pair traded as high as the 247.90 area during today’s European session before coming off to the 240.90 area.  Notably, today’s intraday high was just above the 247.61 area, representing the 78.6% retracement of the recent depreciation from 253.60 to 225.60.  Notably, the 242.09 area represents an upside price objective related to buying pressure that emerged around the 90.00 area in March, and the 242.90 level represents the 61.8% retracement of the recent depreciating range from 253.60.  A series of Stops were...

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Very Technical Trading Caps BTC/USD Around 9880 in Early Asia: Sally Ho's Technical Analysis 5 June 2020 BTC

Bitcoin (BTC/USD) gave back some earlier gains in today’s Asian session as the pair encountered selling pressure around the 9888.00 level, right around the 9880.17 area that represents the 23.6% retracement of the recent appreciation from 8106.70 to 10428.00.  The pair started to recover from the 9450.00 area during yesterday’s European session, right around a downside price objective related to selling pressure that previously emerged around the 9836.99 area.  Bids emerged early in today’s Asian session right around the 38.2% retracement of the recent depreciation from 10428.00 to 9270.00.  Stops were reached this week below the 10004.36, 9742.28, 9530.47, and...

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