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Basic Short-Term Technical Support for ETH/USD at 380: Sally Ho's Technical Analysis 4 August 2020 ETH

Ethereum (ETH/USD) was on the back foot early in today’s North American session as the pair weakened to the 382.00 area after trading as high as the 403.64 area during the Asian session.  Traders observe that the pair has continued to derive technical support around the 50-bar simple moving average, and has recently encountered buying pressure around the 23.6% retracement of the appreciating range from 268.39 to 415.00.  Downside retracement levels in this appreciating range include the 373.89, 364.70, 355.50, 344.13, and 342.42 areas.  ETH/USD recently spiked to the 415.00 area, a test of the 418.79 level that represents the...

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CRDT: An ERC-20 token that brings uniformity to the network

#CRDT (CRDT) @coingecko $0.055002 -0.5%0.00014393 ETH 2.4%⬆️ pic.twitter.com/cof2FCVzlK — Crypto Daily™ 👉 Official Channel (@cryptodailyuk) August 3, 2020 CRDT is a new project that we are very excited to share with you. CRDT is its very own cryptographic token and one that is sure to grow throughout the crypto community.  Over the next couple of days/weeks/months, we will take an in-depth look into the token on how it works and how it will benefit you as a trader.  With the launch of the CRDT token, CryptoDaily will be able to expand its current business of operations as well as continuing...

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ETH/USD Bulls Testing 400 Again: Sally Ho's Technical Analysis 3 August 2020 ETH

Ethereum (ETH/USD) appreciated early in today’s North American session as the pair gained ground to the 392.84 area after trading as low as the 366.34 area during the Asian session.  Traders appeared poised to again challenge the psychologically-important 400.00 figure following the pair’s recent spike to the 415.00 area over the weekend, a move that represented a test of the 418.79 level, representing the 61.8% retracement of the historical depreciation from 627.83 to 80.60.   ETH/USD then quickly plunged to the 325.75 area, right around the 50-bar simple moving average on 4-hourly charts, and just above the 50% retracement of the...

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ETH/USD Tests Major 418.79 Level: Sally Ho's Technical Analysis 2 August 2020 ETH

Ethereum (ETH/USD) gave back some recent gains early in today’s North American session as the pair depreciated to the 351.11 area after trading as high as the 415.00 area during the Asian session, its strongest print since August 2018.  Stops were elected above the 366.48 and 369.26 areas during the move higher, and then some accounts hunted for Stops and drove the pair lower to the 325.75 area.   The market tested the 418.79 level, an area that represents the 61.8% retracement of the historical depreciation from 627.83 to 80.60.  Additional upside price objectives include the 425.31, 437.31, and 454.79 areas. ...

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ETH/USD Hotter than Baghdad in August: Sally Ho's Technical Analysis 1 August 2020 ETH

Ethereum (ETH/USD) continued its recent ascent early in today’s North American session as the pair appreciated to the 360.82 area after trading as low as the 343.23 area during the Asian session.  Stops were elected above the 350.44 and 354.22 areas during the ascent higher, and upside price objectives remain the 366.48 and 369.26 levels.  During last week’s appreciation, Stops were triggered above the 336.10, 337.33, and 342.29 levels, and traders will pay close attention to see how ETH/USD reacts around these levels during retracements lower.  Last week, bids emerged just above the 314.07 area, a level that represents the...

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