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Sally Ho's Technical Analysis 18 June 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair established a fresh 2019 high around the 9475.00 area, its strongest print since May 2018. Stops were elected above the 9388.00 area late in yesterday’s European session, the year’s previous high that was established during yesterday’s trading activity. During the pair’s move higher early in yesterday’s European session, Stops were elected above the 9251.72 area, representing the 76.4% retracement of the move from 9388.00 to 8810.53. BTC/USD continues to inch closer to a major upside level of technical Resistance around the 9532.39 area, representing the 38.2% retracement of...

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Ethereum (ETH) Rally Past $300 Still In Play, Mini Altcoin Season Likely

Ethereum (ETH) is still on track to rally towards the $300 mark and possibly well past it to touch the top of the ascending channel. The daily chart for ETH/USD shows that the price has found strong support atop the 21 day exponential moving average. As long as it remains above this level, we can expect it to continue its rally towards the top of the channel. So far, Ethereum (ETH) has failed to outperform Bitcoin (BTC) as we see BTC/USD leading most rallies with higher gains compared to ETH/USD. All that could change during the next rally with the...

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What’s In The Pipeline For Ethereum? Amazon Purchases & Ethereum 2.0

June’s performance has been looking very bullish for cryptocurrencies so far. Ethereum is one of the currencies that is doing especially well with the toke reaching a decent price of $270 at the time of writing. The token’s behaviour follows the bullish trend that started in May last year following a correction due to a sharp drop in Bitcoin prices, attributed by numerous analysts to a practice of price manipulation. But after approaching the $230 range, Ethereum was able to recover and start a strong escalation once again which was copied by other digital assets. As reported by Ethereum World...

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Sally Ho's Technical Analysis 17 June 2019

Bitcoin Bitcoin (BTC/USD) recovered some lost ground early in today’s Asian session as the pair traded as high as the 9083.76 area after finding some demand around the 8810.53 area. The pair established a fresh 2019 high during yesterday’s European session, establishing its strongest print since May 2018. Stops were elected above the 9090.00 area, a relative high dating to 30 May 2019. During the pullback lower during yesterday’s European session, Bids emerged around the 8876.41 area, representing the 38.2% retracement of the move from 8048.75 to 9388.00. Technical Resistance then emerged around the 9071.94 area during yesterday’s North American...

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Sally Ho's Technical Analysis 16 June 2019

Bitcoin Bitcoin (BTC/USD) gave back a small amount of hard-fought gains early in today’s Asian session after the pair rocketed to its highest level since 30 May at 8916.63 during yesterday’s North American session. Stops were elected above the 8707.00 figure during recent trading sessions, representing the 23.6% retracement of the move from 7467.10 to 9090.00. Some very important technical clues emerged during yesterday’s European and early North American sessions when Bids repeatedly emerged around the 8635 – 8640 areas, now equal to the 23.6% retracement of the 7702.83 – 8916.63 range. BTC/USD’s upward moves again shifts the focus to...

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