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ETH/USD Tests Key 198.09 Exhaustion Point: Sally Ho's Technical Analysis 25 April 2020 ETH

Ethereum (ETH/USD) gave back some earlier gains in today’s North American session as the pair moved lower to the 191.66 area after spiking higher to the 198.20 level, just above the 198.09 area that represents an upside price objective and exhaustion point related to buying pressure that originated around the 90.00 area last month.  Traders lacked the conviction to test the psychologically-important 200.00 figure and are carefully monitoring price activity around the 193.54 and 190.66 area, representing the 23.6% and 38.2% retracements of the recent appreciation from 178.46 to 198.20.  Chartists are also observing that the market remained above the...

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Bids at 7490 Give BTC/USD Bulls Optimism: Sally Ho's Technical Analysis 25 April 2020 BTC

Bitcoin (BTC/USD) looked to be on the defensive early in today’s Asian session as the pair continued to orbit the 7500 level after trading as low as the 7390.00 area during yesterday’s European session.  Notably, this level was just below the 7403.07 area, representing the 50% retracement of the recent appreciation from 7031.14 to 7775.00.  If additional short-term weakness develops, traders will carefully monitor price behaviour around related areas of potential technical support, including the 7315.29 and 7206.69 levels.   Notably, the low from yesterday’s European session was also just above the 7382.96 area, representing the 38.2% retracement of the appreciation...

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Another ETH/USD Crack at 191?: Sally Ho's Technical Analysis 24 April 2020 ETH

Ethereum (ETH/USD) glided higher in today’s North American session as the pair traded as high as the 189.27 level after buying demand emerged around the 184.97 area early in today’s North American session.  Earlier in today’s Asian session, ETH/USD traded as low as the 183.30 area, below the 183.82 area that represents the 23.6% retracement of the appreciation from 148.08 to 194.86.  Notably, this level was also just below the 38.2% retracement of the appreciation from 166.40 to 194.86.  Chartists are also observing that the market remained above the 184.72 level during a pullback today, a level that represents the...

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Bitcoin All Set To Rally Towards $8k

Bitcoin has been trading sideways for a while and now is at a point where we can expect a major move to the upside. It is printing a large bull flag which could easily see BTC/USD rally towards $8k from here. This would be the perfect setup just around halving to get a lot of traders excited once again. Under a more bullish scenario, we can also expect the CME Futures gap to be filled which could push the price slightly past $9k. It is important to realize here that for now BTC/USD remains above the 200-moving average on the...

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BTC/USD Tests 7751 Technical Target: Sally Ho's Technical Analysis 24 April 2020 BTC

Bitcoin (BTC/USD) pared some strong gains early in today’s Asian session as the pair traded as high as the 7621.82 level after trading as high as the 7775.00 area during yesterday’s North American session, its strongest print since the pair’s acute depreciation in the first half of March.  Significant Stops were elected above the 7497.49 level during the move higher, a downside price objective related to selling pressure that intensified around the 7986.48 level in the first half of March.  Additional Stops were triggered above the 7584 and 7661 levels during the pair’s ascent, with more being elected above the...

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