Hot Topics

Advertisement

Ethereum (ETH) Likely To Plunge Below $180 To Complete Correction

Ethereum (ETH) is trading within a large falling wedge. The price is likely to eventually break out of this falling wedge and rally higher potentially towards the 38.2% fib retracement level at $232.15 but it is unlikely to happen before the price sees further downside from current levels. We can spot a downtrend on the RSI on the 4H chart for ETH/USD. That being said, the support at $180 is a strong one but we expect it to be broken nonetheless in order for Ethereum (ETH) to complete its correction. There is also the possibility that this falling wedge might...

Read More
snapex banner

Sally Ho's Technical Analysis 17 August 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair escalated higher to the 10,321.01 level after steady buying activity emerged during yesterday’s European and North American sessions.   The pair has traded as low as the 9,470.00 level this week, its weakest print since late July and a level that is right around the 50% retracement of the move from 5,072.01 to 13,868.44.  BTC/USD continues to trade below its 50-bar MA (4-hourly), 100-bar MA (4-hourly), and 200-bar MA (4-hourly), and is trading between its 50-bar MA (hourly) and 100-bar MA (hourly). Following the pair’s recent sell-off, traders are...

Read More
snapex banner

Sally Ho's Technical Analysis 16 August 2019

Bitcoin Bitcoin (BTC/USD) gained a little bit of ground early in today’s Asian session as the pair escalated higher to the 10,154.74 level following another sharp move lower overnight that saw the pair test the 9,470.00 level, its weakest print since late July.  The pair was unable to get back above the 10,234.22 area during yesterday’s Asian session and European session, representing the 50% retracement of the move from 6,600 to 13,868.44.  Bids emerged around the 9,470.23 level during today’s Asian session to reverse the quick decline lower, representing the 50% retracement of the move from 5,072.01 to 13,868.44.  The...

Read More
snapex banner

Ethereum-Based Blockchain Game Exec Talks on Projects Future

The Ethereum-based TCG Gods Unchained blockchain game is about to get a new member in the former director of Magic the Gathering: Arena, Chris Clay. Clay has worked with Wizards of the Coast, the makers of MTG since 2016. This fantasy-themed card game takes a lot of inspiration from MTG as well as the extremely popular Hearthstone. Immutable is the firm behind the game and is currently conducting its genesis where players can purchase the first edition of cards before the game’s release. The company says it is the top-grossing blockchain game this year and has raised over $1.2 million...

Read More
snapex banner

Ethereum (ETH) Holds Key Support But Bearish Setup Remains Intact

Ethereum (ETH) declines to a key support against Bitcoin (BTC) and so far it has successfully held that support. The weekly chart shows that ETH/BTC completed its correction when the price declined to the 1.618% fib extension level. The price is now expected to rise towards the 1.272% fib extension level from here but this does not mean that the price is out of the woods just yet. All it means is that Ethereum (ETH) could test the top of this descending channel once again just like it did the last time. In order for us to turn bullish on...

Read More
snapex banner