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Ethereum (ETH) Expected To Fall Below $200 Before End of The Week

Ethereum (ETH) has long been stalling a move below $200. We saw it flash crash below $200 earlier but it managed to rebound from there without staying there for long. This was a temporary sign of relief in the market but it has now become clear that ETH/USD does not have the room to go higher and that the price is likely to crash hard soon as it declines below the 61.8%. This decline could see the price come down to $190 again any time before the end of the week. Now, we do expect the price to fall a...

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Ethereum Developer Calls Bottom For ETH

Much like the rest of the market this week, Ethereum’s price seems to be falling just like the leading cryptocurrency, Bitcoin. The price of the second-biggest cryptocurrency is falling with some analysts believing that Ethereum could see the same bottom it saw in December 2018.  One developer on Ethereum, Evan Van Ness thinks the opposite though and tweeted that the bottom for Ethereum was in. He explains: “I’m calling the bottom of the ETHBTC ratio. As @ethereumJoseph likes to say, “markets operate in fear and greed cycles.” We’re reached the nadir of the fear cycle”. Van Ness adds that when...

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Sally Ho's Technical Analysis 24 July 2019

Bitcoin Bitcoin (BTC/USD) depreciated early in today’s Asian session as traders drove the pair to the 9,606.00 area following some strong selling pressure that emerged around the 10,216.33 area.  Selling pressure intensified during yesterday’s Asian session after BTC/USD encountered technical Resistance around the 10,367.06 area, representing the 38.2% retracement of the move from 4,702.53 to 13,868.44. Offers then emerged around the 50-bar MA (4-hourly) and the pair was driven lower to the 9,948.12 area during yesterday’s session, a key historical technical level. BTC/USD was unable to move back above the 10,234.22 area during a brief rebound and then Stops were...

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Ethereum (ETH) Finally Declines Below The 21 Week EMA As Bears Take Control

Ethereum (ETH) has declined below the 21 week EMA at last and is now struggling to defend the 200 Week EMA. If ETH/USD ends up declining below the 200 Week EMA, we are not likely to see the 61.8% fib extension level hold it again. In fact, the price could fall straight through it and decline a lot lower because this time, the uptrend that started in December, 2018 would be formally broken. If we take a look at the weekly chart, the price declined well below the 21 Week EMA last week but it ended up closing above it....

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Sally Ho's Technical Analysis 23 July 2019

Bitcoin Bitcoin (BTC/USD) saw some initial buying activity early in today’s Asian session as the pair moved higher to the 10,371.95 area after trading as low as the 10,060.00 area during yesterday’s North American session. BTC/USD appreciated to the 10,688.14 level during yesterday’s Asian session, right around the 50% retracement of the move from 7,508.88 to 13,868.44. The pair’s next upside retracement level related to this range is the 11,439.05 area and the next downside retracement level related to this range is the 9,938.16 area. Stops were elected below the 50-bar MA (4-hourly) during yesterday’s North American session, and Bids...

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