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ETH/USD Finds Help Just Below 334.87 After Rout: Sally Ho's Technical Analysis 2 October 2020 ETH

Ethereum (ETH/USD) paused following recent selling pressure in today’s North American session as the pair appreciated to the 339.76 area after trading as low as the 334.19 area during the European session.  Traders started knocking the pair lower from the 370.25 area during yesterday’s North American session, a technical level that is just above the 38.2% retracement of the appreciating range from 176.43 to 488.95, and the 61.8% retracement of the historical depreciating range from 547.57 to 80.77.  Bids emerged just below the 334.87 area, representing the 61.8% retracement of the recent appreciating range from 313.00 to 370.25.  Traders are...

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10933.36 the Key Short-Term Level for BTC/USD: Sally Ho's Technical Analysis 2 October 2020 BTC

Bitcoin (BTC/USD) attempted to extend recent gains early in today’s Asian session as the pair continued to eye the psychologically-important 11000 figure after testing the 10427.75 area during yesterday’s North American session.  Traders continue to eye the 10956.34 level, the 78.6% retracement of the same depreciating range and the pair’s recent high following selling pressure that emerged above and below the 11000 figure.  Traders are observing that the 50-bar 4-hourly simple moving average is bullishly converging with the 100-bar 4-hourly simple moving average, and the 50-hour simple moving average is bullishly converging with the 100-hour simple moving average.  Stops were recently elected...

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ETH/USD at 370 after Two Days of Gains: Sally Ho's Technical Analysis 1 October 2020 ETH

Ethereum (ETH/USD) gained ground early in today’s North American session as the pair appreciated to the 370.25 area after trading as low as the 351.38 area during yesterday’s North American session.  The pair’s short-term upward trajectory became evident when bids emerged around the 359.36 and 363.40 levels during the Asian and European sessions, levels related to upside demand that previously emerged around the 229.77 and 394.55 levels.  Some Stops were elected above the 369.26 and 369.57 areas during the move higher, with greater Stops triggered above the 369.81 level, representing the 50% retracement of the recent depreciation from 384.61 to...

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BTC/USD Traders Lacking Conviction at Moment: Sally Ho's Technical Analysis 1 October 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 10700 level early in today’s Asian session as the pair remained below the 10860.79 intraday high from yesterday’s Asian session, and above the 10657.04 intraday low from yesterday’s European session.  Traders are seeking to discern fresh market sentiment to determine BTC/USD’s next likely movements.  Chartists are observing that the 100-hour simple moving average has just bearishly moved above the 50-hour simple moving average, while the 100-bar 4-hourly simple moving average is bullishly converging with the 200-bar 4-hourly simple moving average.  Selling pressure recently continued until buying pressure emerged around the 10621.22 area, just above the 61.8%...

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ETH/USD Higher on Technical Support at 351.38: Sally Ho's Technical Analysis 30 September 2020 ETH

Ethereum (ETH/USD) traded sideways early in today’s North American session as the pair appreciated to the 358.80 area after moving higher from the 351.38 area, an intraday low reached after selling pressure emerged around the 360.59 area during the Asian session.  This intraday high was just below the 100-bar 4-hourly simple moving average, and traders are observing that ETH/USD is now trading between the 100-bar 4-hourly simple moving average and the 50-bar 4-hourly simple moving average.  Traders are also observing that the intraday low was right around the 76.4% retracement of the recent appreciating range from 346.03 to 368.52.   Notably,...

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