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Support at 150 after ETH/USD Roadblock at 164: Sally Ho's Technical Analysis 13 April 2020 ETH

Ethereum (ETH/USD) reclaimed some lost ground in today’s North American session as the pair traded as high as the 157.04 level after trading as low as the 149.70 area, following selling pressure that commenced around the 165.45 area during yesterday’s North American session.  The pair had briefly traded above the 164.56 area, a level that represents the 50% retracement of the depreciation from 176.82 to 152.30, before Stops were elected below related levels including the 161.67 and 158.08 areas.  A very important technical level that the pair continues to orbit is the 154.00 level, an upside price objective related to...

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Bitcoin Is On The Verge Of A Crash

Bitcoin has played out exactly as I had expected in my analyses on the Crypto Daily Charting Platform two days back. We saw a move towards $7k and now it is preparing for that next big crash. This is a crash that has been due for a long time now but BTC/USD could not make this decision on its own. This is why we saw that trading activity over the weekend was inconsequential and it did not change much. The price kept bouncing up and down within a tight range. However, now with the beginning of a new week, Bitcoin...

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BTC/USD Tests 7192.49: Sally Ho's Technical Analysis 13 April 2020 BTC

Bitcoin (BTC/USD) exhibited some volatility early in today’s Asian session as the pair traded as high as the 7200.00 level after searching for direction below the psychologically-important 7000 figure, and trading as low as the 6787.44 area during yesterday’s Asian session.  A move higher during yesterday’s Asian session saw the pair reach the 6913.83 level before moving lower, an area that is right around the 23.6% retracement of the appreciation from 6750.00 to 6962.16.  Also, a move higher during yesterday’s North American session saw the pair test the 6949.09 area, a level that represents the 50% retracement of the depreciation...

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ETH/USD Marches Higher to 161.81: Sally Ho's Technical Analysis 12 April 2020 ETH

Ethereum (ETH/USD) extended recent gains in today’s North American session as the pair reached the 161.81 area after bids emerged around the 155.31 area during today’s Asian session.  Stops were reached above the 161.67 level during the move higher, right around the 38.2% retracement of the depreciation from 176.82 to 152.30.  Notably, the 161.62 area is also technically significant because it represents a downside price objective related to the 252.99 area that traded in early March.  Earlier in today’s Asian session, bids originated around the 154.20 area, and this is an important observation because the 154.00 area was notable technical...

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BTC/USD Tests 6949.09 Level and Comes Off: Sally Ho's Technical Analysis 12 April 2020 BTC

Bitcoin (BTC/USD) extended recent weakness early in today’s Asian session as the pair continued to fade below the psychologically-important 7000 figure after trading as high as the 6955 area during yesterday’s Asian session.  Notably, this level was just above the 6949.09 area, a level that represents the 50% retracement of the depreciation from 7292.11 to 6606.06, and the next downside price objective in this range is the 6767.97 area.   The failure of BTC/USD to close above this level is likely indicative of more weakness ahead.  Some Stops were elected below the 6831.05 area during yesterday’s North American session, an area...

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