Today's Hot Topics

Sally Ho's Technical Analysis 22 June 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains early in today’s Asian session as the pair raced higher to the 9920 area after testing the 9950 level late in yesterday’s North American session. Trading activity barely eclipsed technical Resistance around the 9948 area that related to a previous relative high from early May 2018. Bids emerged during yesterday’s Asian session at the 9531.21 level, right around the 38.2% retracement of the move from 19891.99 to 3128.89. Traders are now firmly locked on the psychologically-important 10,000 figure, with Offers linked to derivatives such as options expected below this area. If this area is...

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Ethereum (ETH): Is It A Breakout Or A Fakeout?

Ethereum (ETH) broke above the bullish pennant and is now eyeing a move towards $300. This would have been a very obvious move but the price did not give traders the impression that it was breaking up until the last minute. As we can see on the daily chart, it ended up filling most of the wedge before it broke out. So, it took its time to print that long candle to the upside, but now what? Can we actually see ETH/USD rally towards the top of the ascending channel? Yes, we can as it is a possibility but we...

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How Ethereum Is Changing Life Insurance Policies With MetLife

The New York-based life insurance firm, MetLife is hoping to improve the life insurance claims process by utiling the Ethereum blockchain. MetLife’s Singapore-based incubator, LumenLab is teaming up with Singapore Press Holdings and NTUC Income in order to help launch a smart contract platform built on Ethereum Lifechain. Prior to this, MetLife used blockchain tech and public ledger for a mobile app called Vitana, which was supported by Ethereum to pay out claims to pregnant women who have contracted gestational diabetes. The main smart contract platform being used in Lifechain will be in a very similar light to what happened...

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Sally Ho's Technical Analysis 21 June 2019

Bitcoin Bitcoin (BTC/USD) finally tested a key upside price objective early in today’s Asian session, easily absorbing the 9532.39 level, representing the 38.2% retracement of the move from 19891.99 to 3128.89. Significant Stops were elected above that key level on the move higher, pushing the pair to the 9599.00 area, a level above which Stops are likely in place. During yesterday’s North American session, buying activity commenced around the 9250.03 area, a follow-through from demand that started late in yesterday’s European session. BTC/USD’s quick move higher has traders focused on additional price appreciation. After Stops were triggered above the 9388.00...

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Ethereum (ETH) Rally Towards $300 Still Likely But Price Remains Vulnerable

Ethereum (ETH) is eyeing a rally towards $300 as the price has just found support on the 61.8% fib retracement level from the previous local top. This might be a sign of relief for the bulls as the price could rally higher to reach the top of the ascending wedge in the days ahead. However, just as we can see the possibility of this leading to an ascending triangle breakout within the rising wedge, we can also see that it could be a double top as the price has struggled to effectively break past $272 in the past. The rising...

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