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Why Ethereum (ETH) Could Fall Really Hard During The Upcoming Downtrend

Ethereum (ETH) could fall really hard during the upcoming downtrend and that is not just against the US Dollar (USD). The 4H chart for ETH/BTC that we see here is from one of our analyses from months ago. As we can see, it has played out perfectly and just when the ETH/BTC touched our fib circle around the middle of October, it started to decline. Currently, it remains below the 200 EMA on the 4H time frame. If it were to decline further, then we would expect it to decline down to the next fib circle before the end of...

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7 November 2019 ETH/BTC 4-hourly

In this 4-hourly chart of Ethereum/ Bitcoin (ETH/BTC), we can see a recent depreciation from 0.02072 to 0.02028. We can see that today the price appreciated to and tested the 0.020552 level (identified by the red down arrow), representing the 61.8% retracement of the aforementioned range. We can see that price activity reached and traded below the 0.020384 level (identified by the blue up arrow), representing the 23.6% retracement of the aforementioned range.   Using RSI, the depreciation was confirmed by the change from a positive-sloping RSI (14) to a negative-sloping RSI (14) and the increasingly negative slope of RSI Average...

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Sally Ho's Technical Analysis 7 November 2019

Bitcoin Bitcoin (BTC/USD) appreciated to the 9364.95 area early in today’s Asian session as the pair appreciated from the 9253.66 level late in yesterday’s North American session, then right around the 200-bar MA (hourly).  Traders continue to search for a market bias as the pair continues to orbit the 9301.26 area, representing the 38.2% retracement of the 7296.44 – 10540.49 range.  That area is also near another important retracement level, namely the 9269.57 level that represents the 50% retracement of the broader 4670.69 – 13868.44 range.  Below current market activity, the next retracement level related to this broader range is...

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Can Ethereum (ETH) Break Out Of The Descending Channel?

Ethereum (ETH) remains within a descending channel. The price has seen a lot of bullishness short term that has many traders hoping for a break past the descending channel. Hoping and wishing is a very dangerous game in this market. If you are counting on hope for the price to do something then you are very likely to make a bad decision. It is therefore a good idea to have an understanding of what is going on and what might happen but not to base investment decisions on hoping or wishing. Speaking of what is going on ETH/USD has just...

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Sally Ho's Technical Analysis 6 November 2019

Bitcoin Bitcoin (BTC/USD) moved lower early in today’s Asian session as the pair weakened to the 9301.39 area after trading as high as the 9430.74 area during yesterday’s North American session and as low as the 9169.84 area during yesterday’s European session.  The pair appears to have retained at least a little bit of the improved sentiment from earlier this week that saw the pair appreciate to the 9600.00 area, its strongest print since 28 October.  Bids emerged around the 9165.26 area during the pair’s pullback, right around the 23.6% retracement of the 13868.44 – 7712.45 range.  Just below that...

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