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ETH/USD's Pushback at 161.67 Leads to Weakness: Sally Ho's Technical Analysis 11 April 2020 ETH

Ethereum (ETH/USD) came off in today’s North American session as the pair traded as low as the 157.00 area after trading as high as the 161.50 area during today’s Asian session, a level that is right around a recent relative low from earlier this week.  Notably, today’s intraday low during the North American session is just above the 166.90 area, representing the 50% retracement of the recent appreciation from 152.30 to 161.50, and the next downside price objectives in this range include the 155.81 and 154.47 areas.  Another very important range that traders are watching is the much broader appreciation...

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BTC/USD Tests Key 6846.74 Level: Sally Ho's Technical Analysis 11 April 2020 BTC

Bitcoin (BTC/USD) continued to consolidate early in today’s Asian session as the pair remained pressured below the psychologically-important 7000 figure after selling pressure knocked the pair lower from the 7323.55 level during yesterday’s Asian session.  A number of larger Stops were elected around key levels, including the 7073.50, 6980.87, and 6866.26 areas, representing the 50%, 61.8%, and 76.4% retracements of the appreciation from 6681.00 to 7466.00.  Larger Stops were executed below the 7081.51 area, representing the 23.6% retracement of the appreciation from 5853.00 to 7461.00.  Notably, buying pressure emerged during yesterday’s European session just above the 38.2% retracement of the...

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RCN Advances Against BTC: Chart of the Day RCN/BTC Weekly

Chart of the Day – 10 April 2020RCN/ BTC – Weekly In this Weekly chart of Ripio Credit Network / Bitcoin (RCN/ BTC), there is an appreciating range from 0.00000495 to 0.00000950. We can observe that the market then depreciated to the 0.00000571 level (identified by the blue up arrow), just below the 0.00000592 level that represents the 78.6% retracement of the appreciating range. We can observe that this pullback was just above the 50-bar Exponential Moving Average, an indicator that provided some technical support. We can observe that the market then appreciated to the 0.00000867 level (identified by the...

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ETH/USD Pressured as Stops Hit Below 159.62: Sally Ho's Technical Analysis 10 April 2020 ETH

Ethereum (ETH/USD) continued to oscillate in today’s North American session as the pair was pressured below the 160.00 level after trading as low as the 156.23 area during today’s European session.  Stops were elected below the 165.14 level during today’s move lower, a level that represents the 23.6% retracement of the depreciation from 176.86 to 161.51.  Additional Stops were reached below the 164.61 area, representing the 76.4% retracement of the appreciation from 161.47 to 174.77.   Also, larger Stops were reached below the 163.06 and 158.62 areas, representing the 38.2% and 50% retracements of the appreciation from 140.81 to 176.82.  Chartists...

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BTC/USD Recovers Below 7130 from Early Blitz: Sally Ho's Technical Analysis 10 April 2020 BTC

Bitcoin (BTC/USD) slumped early in today’s Asian session as the pair depreciated to the 7265.00 level after trading as high as the 7365.00 area during yesterday’s North American session.  Notably, the pair was capped around an important technical level during yesterday’s European and North American sessions, namely the 76.4% retracement of the depreciation from 7464.85 to 7046.60.  BTC/USD moved lower early in yesterday’s North American session and traded as low as the 7110.00 level, just below the 7145.31 area that represents the 23.6% retracement of the depreciating range.  Significant selling pressure commenced from the 7365.02 level during Tuesday’s North American...

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