Hot Topics
Coin Gecko

Advertisement

Advertisement

Ethereum (ETH) Triple Top Increases Probability Of A Sharp Decline

When Bitcoin (BTC) is up more than 5% but altcoins are still struggling, it is not usually a good time to enter long positions. That is because we have a history of such incidents where Bitcoin (BTC) price action has lured investors into jumping back into the market only to find themselves holding the bags as the whales dump on them. The triple top on the 1H chart for ETH/USD shows that Ethereum (ETH) is going to have a hard time testing the $188 resistance. In fact, the most likely scenario is that the price will see a major crash...

Read More

Sally Ho's Technical Analysis 23 April 2019

Bitcoin Bitcoin (BTC/USD) gained additional ground during today’s Asian session, trading as high as the 5430.00 level after trading as high as the 5440.84 area during yesterday’s North American session. Today’s intraday low is 5353.71, right around the 76.4% retracement of the move from 5488.00 to 4901.99 and an area that we spotlighted in our 22 April 2019 analysis. Traders are waiting to see if the pair can remain above the 5403.82 level, an area we have discussed extensively that represents the 61.8% retracement of the 6810.00 – 3128.89 range. BTC/USD is now at its highest level since 10 April...

Read More

Ethereum (ETH) Likely To Retest $188 Resistance Before Next Decisive Move

Ethereum (ETH) has started the day in green and as we can see on the daily chart for ETH/USD, the price has been forming higher lows since the beginning of the month. This means that Ethereum (ETH) is now close to a breakout but before that, the price may end up retesting the $188 resistance. This retest will most likely be a sharp wick to the upside as the daily candle is very likely to close below the 200 day EMA that lies below the $188 resistance. RSI for ETH/USD has also found trend line support on the daily time...

Read More

Sally Ho's Technical Analysis 22 April 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in the Asian session as the pair moved to the 5313.51 area after finding some demand around 5233.14. Notably, the pair continues to orbit the 5264.14 area, representing the 61.8% retracement of the 5488.00 – 4901.99 range, and has generally been Given around the 5349.80 area, representing the 76.4% retracement of the same range. Similarly, we have written extensively about the 5265.70 area that represents the 50% retracement of the 7402.50 – 3128.89 area. The 50-bar MA (4-hourly) continues to approach price activity, calling into question whether BTC/USD can establish a technical base around this...

Read More

Can Ethereum (ETH) And Most ERC20 Tokens Survive The Next Crash?

Ethereum (ETH) is on the verge of its biggest sell-off in months. The price has run now run into a confluence of strong resistances. ETH/USD has already faced rejection at the trend line resistance for three weeks now. The horizontal resistance at $193.64 is a strong support turned resistance that has close to zero probability of being breached at this point. That being, said traders must account for all such possibilities when entering a short position. Now, the fact of the matter is that even bullish analysts and traders who think the price has already bottomed are also expecting a...

Read More