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ETH/USD Soars to Multi-Week Highs: Sally Ho's Technical Analysis 30 May 2020 ETH

Ethereum (ETH/USD) was lifted higher during today’s North American session as the pair advanced to the 237.96 area after finding technical support around the 218.33 area during today’s Asian session.  Stops were lifted above the 232.88 area, an upside price objective related to buying pressure that originated around the 90.00 area in March.  Above current price activity, upside price objectives include the 242.09, 251.22, 251.87, 260.23, and 262.90 areas. Earlier this week, Stops were elected above the 207.42 area, representing the 23.6% retracement of the appreciation from 176.43 to 216.99.  The 201.50 and 196.71 areas represent the 38.2% and 50%...

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Can BTC/USD Remain Supported by 50-Hour SMA? Sally Ho's Technical Analysis 30 May 2020 BTC

Bitcoin (BTC/USD) gave back some recent gains early in today’s Asian session as the pair came off to the 9330.01 level after trading as high as the 9625.00 area during yesterday’s Asian session, its strongest level in more than one week and right around a downside price objective related to selling pressure that originated around the 9836.99 area this month.  Similarly, the bids that emerged around the 9330 area during yesterday’s North American session were just above the 9328.54 area, representing a related downside price objective.  During the recent move higher, Stops were reached above the 8890.13, 8969.58, 9049.03, and...

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ETH/USD Bulls Back Eyeing 227.50: Sally Ho's Technical Analysis 29 May 2020 ETH

Ethereum (ETH/USD) gave back some earlier gains during today’s North American session as the pair receded to the 218.19 level after buying pressure lifted the pair from the 217.52 area to the 220.71 area.  Traders took the pair higher to the 224.84 area during today’s Asian session, its strongest print since late April, after Stops were elected above the 213.66 area, a level that represents an upside price target related to buying pressure that originated around the 90.00 area in March.  Stops were also triggered above the 216.57 area, a level that represents the 78.6% retracement of the recent depreciation...

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Final Bitcoin Bull Trap Before Crash

Sell in May and Go Away might have been delayed for a while this time but it is definitely around the corner. The price of Bitcoin seems to be on the verge of the final bull trap before the major crash. It appears that the market makers and whales want to trap in more bulls before the major decline by printing an inverted head and shoulders formation. This is a trick they have played many a time but the majority of retail traders continue to fall for it because of fear of missing out. The 1H chart for BTC/USD “looks”...

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BTC/USD Bulls Challenge 9510 Offers: Sally Ho's Technical Analysis 29 May 2020 BTC

Bitcoin (BTC/USD) pulled slightly back early in today’s Asian session as the pair came off from the 9538.97 level after notching strong gains during yesterday’s North American session.  Some Stops were elected above the 9510.34 area during the ascent, representing the 23.6% retracement of the recent appreciation from 8106.70 to 9943.93.  Chartists have observed recent buying pressure around the 8695.01 area, representing the 38.2% retracement of the recent appreciation from 6456.00 to 10079.00.  During the recent move higher, Stops were reached above the 8890.13, 8969.58, 9049.03, and 9147.33 areas during the ascent, representing the 38.2%, 50%, 61.8%, and 76.4% retracements...

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