Hot Topics
Coin Gecko

Advertisement

Advertisement

Sally Ho's Technical Analysis 21 April 2019

Bitcoin Bitcoin (BTC/USD) weakened early in the Asian session to test an important level, trading as low as the 5260.64 area, just below the 5265.70 area that represents the 50% retracement of the 7402.50 – 3128.89 area. We have written about the significance of this level extensively, including in our 20 April 2019 analysis. Traders are curious to see if BTC/USD again challenges the 5349.70 area, representing the 76.4% retracement of the 5488.00 – 4901.99 range. Above this area, the 5403.82 level represents the 61.8% retracement of the move from 6810.00 to 3128.89. As noted yesterday, technicians are eager to...

Read More

Sally Ho's Technical Analysis 20 April 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains as the pair tested a key area of technical Resistance, consolidated gains, and then found additional Bids. Traders tested the 5349.70 area, representing the 76.4% retracement of the 5488.00 – 4901.99 range and an upside target that we identified in our 19 April 2019 analysis. Profit-taking then pushed the pair below another key technical area, the 5265.70 area, representing the 50% retracement of the 7402.50 – 3128.89 area. Chartists are eager to see if BTC/USD can establish a supportive base around the 5265 – 5195 range in an attempt to test some additional technical...

Read More

Ethereum (ETH): Why It May Not Be A Good Time To Go Short Just Yet

Ethereum (ETH) is trading within a large bear pennant that can also be considered a symmetrical triangle. In the past few weeks, ETH/USD broke one such pennant to the upside and the price pumped hard in the weeks that followed. It is once again on the verge of a breakout and technical indicators suggest that we could see a fake out this time. RSI on the daily time frame has bounced off after finding a strong trend line support. The Stochastic RSI has plenty of room to go up as it is near oversold territory. This means that the least...

Read More

Sally Ho's Technical Analysis 19 April 2019

Bitcoin Bitcoin (BTC/USD) weakened during today’s Asian session as the pair depreciated to the 5196.70 level, a key retracement level that is right around the 50% retracement of the 5488.00 – 4901.99 range. The pair has orbited this area throughout the week and traders await indications if the pair will be able to make a sustained move above or below. BTC/USD traded as high as 5318.18 during yesterday’s North American session, representing its strongest print since 10 April. As we have written all week in our analyses including 18 April 2019, the pair has largely been supported around the 5176.07...

Read More

Ethereum (ETH) Might Still Have Room To Rally As Price Has Broken Past $170

Ethereum (ETH) has plenty of room to rally now that the price has broken past $170 and is busy consolidating. If the price keeps on consolidating in this manner, the bulls might have a chance to push for another rally before the weekly close. The Crypto Fear and Greed Index is at 64 today, up three points from yesterday. The index was at 74 points around the peak of bullish sentiment. This means that investors are still way too bullish and we are far from the market inflicting maximum pain yet. That being said, this bullish sentiment could result in...

Read More