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Ethereum (ETH) Bears Ready To Take Control As Price Fails To Breach $170

Ethereum (ETH) is likely to retrace to the bottom of the ascending channel it has been trading in as the price has failed to breach the $170 mark. Stochastic RSI on the 4H timeframe is now in overbought zone and signals a pullback in the near future. The price shot up after find support at a newfound trend line but it has now seen a loss of bullish momentum which means we could see a sharp decline soon as the price falls below the 50 EMA on the 4H time frame. If ETH/USD falls below this channel, we could see...

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Sally Ho's Technical Analysis 17 April 2019

Bitcoin Bitcoin (BTC/USD) notched solid gains during the Asian session, reaching the 5272.32 level before some profit-taking emerged. This was the pair’s strongest print since 10 April and minor Stops were reached just above the 5264.14 level, representing the 61.8% retracement of the move from 5280.72 to 4901.99, and an area that we spotlighted in our 15 April 2019 analysis.  Follow-through buying pressure could see BTC/USD take a run at 5349.70, representing the 76.4% retracement of the same range. As we reported in our 16 April 2019 analysis, the pair found a Bid during yesterday’s North American session around the...

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Ethereum (ETH) Climbs Above 21 Day EMA But Price Remains Vulnerable

The price of Ethereum (ETH) continues to remain very vulnerable despite the fact that the price has now made a successful rally past the 21 day EMA. The bears have regained control once again and the bulls are afraid to step up. The Fear and Greed Index is back at 50 (Neutral) from 60 (Greed) yesterday. This goes now to show that the bullish euphoria that led to the series of rally over the past few months is finally coming to an end as most traders and investors anticipate a major decline in the weeks ahead. The daily chart for...

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Sally Ho's Technical Analysis 16th April 2019

Bitcoin Bitcoin (BTC/USD) found a Bid early in the Asian session but only after the pair fell to the 4945.54 level during yesterday’s North American session, its weakest print since 11 April.  Stops were elected below the 4970.67 area during the descent, representing the 76.4% retracement of the move from 4901.99 to 5193.01. During today’s climb higher from multi-day lows, BTC/USD found a Bid around the 5013.16 area, representing the 61.8% retracement of the aforementioned range. Chartists are eyeing the 5081.84 area as the pair’s next upside target. Other minor retracement levels including 5098.48/ 5134.61 related to yesterday’s depreciation from...

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Ethereum (ETH) Likely To Revisit 200 Day EMA Before Its Next Big Decline

Ethereum (ETH) is on the verge of another major decline as the price fails to break out of the bearish pennant it has been trading in since the beginning of the year. However, the way the Stochastic RSI has cooled off on the daily chart for ETH/USD hints that we might see a false break out that could see the price revisit the 200 day exponential moving average and possibly break slightly above it to mislead traders into thinking the price has broken past a critical resistance. However, it will most likely close below the 200 day EMA leaving a...

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