Today's Hot Topics

Ethereum (ETH) Ascending Triangle Hints At Major Rally Ahead

Ethereum (ETH) is in a hurry to rally towards $300. The price has currently run into resistance around the $266 mark but the big picture indicates that we are likely to see the price rally past $300 in the days and weeks ahead. The ascending triangle on the daily time frame for ETH/USD could result in the price breaking to the upside in the same manner that it did during May. It is important to note that the price has also found support at the ascending channel and is now likely to rally towards the top of this channel before...

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Sally Ho's Technical Analysis 14 June 2019

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair fell to the 8192.11 area after trading as high as the 8329.99 area late in yesterday’s North American session.  Yesterday’s high print was the pair’s strongest showing since 3 June and was just below the 8338.78 area, a level we have focused on for a long time that represents the 76.4% retracement of the move from 9948.12 to 3128.89.  Stops were again elected above the 8184.48 area during yesterday’s European session, representing the 200-day MA (4-hourly).BTC/USD’s renewed resurgence above the 8,000 area again has traders speculating there may...

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Ethereum (ETH) Shoots Past $260, Forms A Bullish Ascending Triangle

Ethereum (ETH) charged towards $260 and ended up breaking past it. The daily chart for ETH/USD shows that Ethereum (ETH) has now formed a large ascending triangle which is a very bullish indicator. It could be a bull trap for all we know that might lure investors into buying the next breakout as the whales dump on them, but in any case, it will be interesting to see how this plays out. Historically, we have seen ascending triangles break to the upside and considering that the price has ample room on the daily time frame to do it, we would...

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Sally Ho's Technical Analysis 13 June 2019

Bitcoin Bitcoin (BTC/USD) moved lower early in today’s Asian session as the pair tested the 8198.38 area and then reversed course just below the 100-bar MA (4-hourly), eventually dropping to the 8145.66 area.  Early in yesterday’s North American session, the pair rocketed to the 8292.43 level, representing its strongest print since 3 June. Stops were elected above the 8222.45 area during the move higher, the then-100-bar MA (4-hourly). Stops were also then triggered above levels that we have identified in recent analyses, including the 8246.56/ 8258.50/ 8278.55 areas with BTC/USD unable to wander too far above the 8278.55 area, representing...

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Ethereum (ETH) Might Be On The Verge Of A Historic Breakout

Ethereum (ETH) might be on the cusp of a historic breakout against Bitcoin (BTC) as the price has just climbed above the 50 Day EMA and is now close to the most critical trend line resistance that ETH/BTC has failed to breach since the beginning of the bear market. If this trend line resistance is broken, altcoin enthusiasts will have a strong reason to believe that the altcoin season has started. While it might be tempting to believe that, it is important to understand the risks here. Ethereum (ETH) is still trading within a large descending triangle against Bitcoin (BTC)....

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