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Sally Ho's Technical Analysis 4th April 2019

Bitcoin Bitcoin (BTC/USD) reached a key upside price objective early in the Asian session when 5265.70 was reached, representing the 50% retracement of the 7402.50 – 3128.89 range. Stops were triggered and pushed the pair as high as the 5345.00 figure before profit-taking knocked the pair lower to the 4787.11 level, just above the 4761.41 area, representing the 38.2% retracement of the same range. Today’s intraday high represents BTC/USD’s Highest level since 19 November 2018. Chartists are eyeing the 5403.82 level, representing the 61.8% retracement of the 6810.00 – 3128.89 range. Technical Support is expected around 4393.64/ 4137.46/ 3997.63 with...

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Ethereum (ETH) Runs Into Resistance, Price Remains Heavily Overbought

Ethereum (ETH) just keeps surging with no signs of slowing down despite ETH/USD being heavily overbought on the weekly time frame. Ethereum (ETH) is far ahead of Bitcoin (BTC) and is currently testing the market structure that it broke in November, 2018. This level that used to be a strong support has now turned into a strong resistance and the price is unlikely to break past it. We may see some wicks to the upside but the weekly candle is extremely unlikely to close above this level. The price is due for a major decline in the weeks ahead and...

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Ethereum (ETH) Likely To Slide Below $130 If Price Closes Below 200 Day MA

Ethereum (ETH) has made a sudden move to the upside just like Bitcoin (BTC) although not as intense. This is quite surprising to see as usually altcoins rally a lot more than Bitcoin (BTC) whenever the market recovers. The fact that this did not happen should be a cause for alarm in itself as to what could be the catalyst behind this move and whether or not this is sustainable. On surface, the answer is clear. The daily chart for ETH/USD shows that the price is struggling to break past a strong trend line resistance that it has failed to...

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How Ethereum Is Losing Its Grip In Terms Of Market Share

It was back in 2015 when Ethereum came into existence and at the time, it was hailed as something that could be the successor to Bitcoin. This was due to the fact that it offered tools which allowed programmers to create apps that could perform transactions automatically rather than just serving as a means of exchange. Now, in 2019, the network that is running Ethereum is losing market share. This long-promised project is touting better features are starting to be delivered on rival platforms and some startups are using coins like EOS and Stellar to raise funds through initial coin...

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Ethereum (ETH) Primed For Its Biggest Decline Since The Beginning Of The Year

Ethereum (ETH) has been trading sideways for the past few weeks to no avail. The price has neither gone up nor come down but only traded further along the ascending triangle it has been trading in. This ascending triangle also forms part of a large bear pennant which means the price is likely to decline significantly should it fall below this triangle. That being said, Ethereum (ETH) bulls are still hopeful about a bullish reversal that could kick in if the 50 day moving average crosses above the 200 day moving average to form a golden cross. This golden cross...

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