Today's Hot Topics

Sally Ho's Technical Analysis 12 June 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session with the pair reaching the 7985.00 area after finding buying demand around the 7702.83 area late in yesterday’s North American session.  Technically, the pair depreciated late in yesterday’s European session, falling to the 7740.00 area, representing the 61.8% retracement of the move from 7508.77 – 8097.35. The pair then came off further late in the North American session. If BTC/USD is going to take a run higher, it will need to firmly move above the 7958.45 area, representing the 23.6% retracement of the same range. The 8004.24 area is a short-term...

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Ethereum (ETH) Finds Strong Support At 50 Day EMA, Primed For Further Upside

Ethereum (ETH) has begun the day in red which seems to have panicked a lot of investors but let us not forget that the cryptocurrency just found a strong support atop the 50 day exponential moving average. It bounced off strongly from those levels and is now likely to rally towards the previous yearly high of $288.97. Ethereum (ETH) was just declared as a consumable currency by the SEC. This is big news for the crypto community and a sigh of relief for founders who held their ICOs on Ethereum (ETH). It also shows that a lot of people are...

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Sally Ho's Technical Analysis 11 June 2019

Bitcoin Bitcoin (BTC/USD) moved back above the psychologically-important 8,000 figure early in today’s Asian session as traders lifted the pair to the 8057.19 area after it had traded as low as the 7895.96 area during yesterday’s North American session. Yesterday’s daily high was actually reached during the European session when BTC/USD gained ground and climbed to the 8097.35 area after again Bullishly moving above the 50-bar MA (4-hourly).  Some Stops were elected above the 8062.27 area during the move higher, representing the 38.2% retracement of the move from 9090.00 to 7427.00. This most recent resurgence in BTC/USD over the past...

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Investment Firm Bets On ETH With $100m Stake

A new $100 million investment company, going under the name Darma Capital, is currently making strides with Ethereum. In fact, you could call it a gamble as the firm is betting big that the leading smart-contract platform will go on a ten-year bull run. By the end of last year, Ethereum lost around 95 percent of its gains but despite this, a new fund is betting that that was just a one-off and in the long-term, things are going to pay off. Darma Capital clearly has a lot of faith in Ethereum and they’re buying as much as they can...

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Ethereum (ETH) Starts The Week In Green, Faces Rejection At Key Trend Line

Ethereum (ETH) started the week in green and rallied hard until it ran into a key trend line resistance. This resistance will be very hard to breach as the price has failed to break past it since the beginning of the year. If ETH/USD falls from current levels towards the bottom of the ascending channel, we could see it break below the channel to decline further. Ethereum (ETH) is already heavily overbought against both the US Dollar (USD) and Bitcoin (BTC) but if it breaks past this resistance, we can see it rally past $300 in no time. There is...

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