Hot Topics
Coin Gecko

Advertisement

Advertisement

Ethereum (ETH) Likely To Enter A New Bear Trend Against Bitcoin (BTC)

Ethereum (ETH) is ready to enter a new bear trend against Bitcoin (BTC). The daily chart for ETH/BTC shows that the pair has now run into a confluence of resistance levels that will be very hard to breach. There are two trend line and one horizontal resistance line that the pair has to break past if it is to begin a new uptrend. So far, it has become very clear that Ethereum (ETH) has run out of room to rally against Bitcoin (BTC). RSI on the daily chart for ETH/BTC has also run into a key resistance and is now...

Read More

Sally Ho's Technical Analysis 18 November 2019

Bitcoin Bitcoin (BTC/USD) moved lower to the 8452.71 level early in today’s Asian session after trading as high as the 8637.01 area during yesterday’s North American session.  During yesterday’s European session, the pair depreciated to the 8371.02 area, above technical Support expected around the 8338.78 area. Traders have continued to manage market risk with a Bearish bias following the pair’s steady erosion from the recent high of 10540.49 in late October. Given the pair’s recent weakness and range expansion, some technical traders are focusing on longer-term ranges and their impact on BTC/USD.  Above current market activity, the 9301.26 area represents...

Read More

Sally Ho's Technical Analysis 17 November 2019

Bitcoin Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session as the pair traded around the 8488.00 area, following several sessions of trading in a very tight range.  Traders continue to steadily drive the pair lower in search of technical Support, having knocked BTC/USD as low as the 8361.00 area during Friday’s North American session.  Stops were triggered below the 8535.67 level during the pair’s move lower late last week, a level that represents the 61.8% retracement of the late-October 7296.44 – 10540.49 range.  The next downside level of potential technical Support related to this range is the 8062.04...

Read More

Sally Ho's Technical Analysis 16 November 2019

Bitcoin Bitcoin (BTC/USD) traded as low as the 8423.00 level early in today’s Asian session after traders pushed the pair as low as the 8361.00 area during yesterday’s North American session, its weakest print since 25 October.  Stops were elected below the 8535.67 area during the spin lower, representing the 61.8% retracement of the 7296.44 – 10540.49 range.  Market sentiment continues to steadily erode following the pair’s spike to the 10540.49 area on 26 October, with price activity having traded as low as the 8490.01 prior to the later decline. This is an important technical development because this level is...

Read More

Ethereum (ETH) Stands To Lose A Lot Against Bitcoin (BTC)

Ethereum (ETH) seems to have lost its bullish momentum against Bitcoin (BTC) and is now eyeing downside. If a downtrend does begin in the ETH/BTC pair, then Ethereum (ETH) has a lot to lose against Bitcoin (BTC). The daily chart for ETH/BTC shows what that really means. We are currently seeing the pair trade close to a key trend line resistance. If the pair fails to break past it, then it will have to decline to the trend line support which would be lower than the 141.8% fib extension level. This would be a very bearish development for Ethereum (ETH)...

Read More