Hot Topics
COIN GECKO

Advertisement

Advertisement

Sally Ho's Technical Analysis 5 May 2019

Bitcoin Bitcoin (BTC/USD) appreciated sharply during today’s Asian session as the pair traded as high as the 5846.88 level, its strongest print since 14 November 2018. During yesterday’s European and North American sessions, the 5650.01 area was supportive, representing a previous relative high from 23 April 2019, and Stops were triggered yesterday once the market moved below this area. Stops were also elected below the 5593.97 area, representing the 38.2% retracement of the 5265.61 – 5796.93 area, with additional Stops reached below the 5531.27 area. An upside target that was have talked extensively about was reached during the ascent higher...

Read More

Sally Ho's Technical Analysis 4 May 2019

Bitcoin Bitcoin (BTC/USD) added to recent gains during today’s Asian session after establishing a new 2019 high and reaching its strongest level since 14 November 2018. Technical clues continued to emerge as buying continues to take place at key technical levels including the 5621.70 level during yesterday’s price activity, just below the 23.6% retracement of the move from 5072.01 to 5796.93. Additionally, buying pressure was seen today around the 5650.01 area, representing a previous relative high from 23 April 2019.Traders tested the 5769.98 area for the first time since the level became technically relevant, as it represents the 61.8% of...

Read More

Ethereum (ETH) Runs Into Strong Resistance Zone, Sharp Pullback Likely

Ethereum (ETH) has just run into a confluence of strong resistance zones. The price has now tested a strong trend line resistance and faced a rejection at it. ETH/USD has now retraced below the 38.2% Fib extension level. If the price closely below this level, we could see a bearish follow up in the days and weeks ahead as ETH/USD has now tested the trend line resistance and is ready to decline to the bottom of the descending triangle. The price would be at risk of breaking both the rising wedge as well as the descending triangle during the next...

Read More

Sally Ho's Technical Analysis 3 May 2019

Bitcoin Bitcoin (BTC/USD) continued to add to recent gains during today’s Asian session as the pair traded as high as the 5417.00 level after trading as high as 5422.99 during yesterday’s North American session. Stops were elected after the pair crossed above the 5403.82 level, representing the 61.8% retracement of the 6810.00 – 3128.89 range and the pair’s strongest print since 25 April 2019. Early in the Asian session, Bids emerged around the 5387.57 level, representing the 61.8% retracement of the move from 5650.01 to 4963.00. If this level holds, it is an important indication the pair may look to...

Read More

Ethereum (ETH) Longs Up For The First Time In More Than A Week

Ethereum (ETH) longs are up for the first time in more than a week. This is a sign of relief for the bulls who have been losing ground despite oversold conditions short term. The daily chart for ETHUSDLongs shows that the number of margined longs has now declined to a trend line support and having formed its first green candle in more than a week, is expected to rally ahead. Ethereum (ETH) bulls are likely to capitalize on this and we might see a rise in the number of longs as ETH/USD starts to rally. However, this should not mislead...

Read More