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Technical Trouble for ETH/USD at 174.93: Sally Ho's Technical Analysis 21 April 2020 ETH

Ethereum (ETH/USD) gained steady ground in today’s North American session as the pair rallied to the 173.89 level after trading as low as the 168.44 area during today’s European session.  The market appreciated to the 174.93 level during today’s European session and came off, just above a technical level that represents the 38.2% retracement of the appreciation from 148.08 to 191.22.  Traders are eyeing the 164.56 level as an area of possible technical support during pullbacks lower.  Stops were reached during the weekend above the 177.39 area, a downside price objective related to selling pressure that emerged around the 252.99...

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Looking At The Big Picture For Bitcoin

The price of oil flipped negative for the first time in history. This is a testament to the fact that these are extraordinary times. The reaction that we are currently seeing on the stock market and in the cryptocurrency, market is primarily fueled by preemptive measure to stop the spread of the Coronavirus. This is not about the damage done by the crisis itself just yet. So far, this is mainly about the damage from businesses being affected by lockdowns and such. Pretty soon, we would have this transcend into a major financial crisis that would be unprecedented this time....

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Traders Grab Stops Below 6950: Sally Ho's Technical Analysis 21 April 2020 BTC

Bitcoin (BTC/USD) sought direction early in today’s Asian session as the pair continued to orbit the 7100 level after trading as low as the 6920 level during yesterday’s North American session.  Stops were elected below the 7106.93 and 6982.54 levels during the pair’s move lower, areas that represent the 23.6% and 38.2% retracements of the recent appreciation from 6456 to 7308.  The next downside level in this range is the 6882.00 level.  Some additional Stops were elected below the 6950.47 area, a level that represents an upside price objective related to buying pressure that emerged around the 3858.00 area in...

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ETH/USD Continues to Orbit 177.39: Sally Ho's Technical Analysis 20 April 2020 ETH

Ethereum (ETH/USD) reclaimed some lost ground in today’s North American session as the pair moved back above the 180.80 area after trading as low as the 173.29 level earlier in the North American session.  Stops were elected below the 174.74 level during the move lower, a retracement level that represents the 38.2% retracement of the appreciation from 148.08 to 191.22.  Some additional Stops were triggered below the 177.39 level, a downside price objective related to selling pressure that originated around the 252.99 level in March.  Traders are eyeing the 169.65 and 164.56 levels as areas of possible technical support during...

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BTC/USD Clears 7289 and Tests 7335, Then Drops: Sally Ho's Technical Analysis 20 April 2020 BTC

Bitcoin (BTC/USD) depreciated early in today’s Asian session as the pair moved back towards the psychologically-important 7000 figure after establishing a fresh multi-day high around the 7308.00 level during yesterday’s Asian session.  Stops were elected above the 7289.55 level during the ascent, a downside price objective related to selling pressure from the 9214.66 area that developed in early March.  Selling pressure emerged around the 7254.03 and 7194.17 levels during yesterday’s Asian and European sessions.  Stops were earlier reached above the 7234.54 level during the ascent, an upside price objective related to buying pressure that originated around the 5001.00 area in...

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