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Ethereum (ETH) Bears Get Too Excited At The Wrong Time

Ethereum (ETH) bears get too excited all of a sudden as ETHUSDShorts jumps more than 7% a day. This was a consequence of ETHUSDShorts closing above the 50 day moving average yesterday. The number of margined shorts against ETH/USD is now expected to continue to rise towards the 200 day moving average. However, considering that Bitcoin (BTC) has already started to rally, we might see ETH/USD follow suit just like most other cryptocurrencies have. This would make it the wrong time to be going short on ETH/USD. Ethereum (ETH) shorts are still quite low compared to that of Bitcoin (BTC)...

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Sally Ho's Technical Analysis 30 April 2019

Bitcoin Bitcoin (BTC/USD) appreciated during today’s Asian session, trading as high as the 5165.49 area after Bids emerged around the 5100.00 figure late in yesterday’s North American session. The pair was challenged around the 5176.07 area during yesterday’s European and North American sessions, a key level we continue to spotlight that represents the 38.2% retracement of the 8488.00 – 3128.89 range. Early in yesterday’s European session, the pair was driven lower and Bids emerged around the 5078.52 area, representing the 76.4% retracement of the move from 4901.99 to 5650.01 and another level we have noted. Above the current range, the...

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Ethereum (ETH) Eyes A Rally Towards $160 Amid Fading Bullish Momentum

Ethereum (ETH) continues to show signs of weakness as the price struggles to take off towards $160 from current levels. For the past three days, the price has failed to make any meaningful moves and is now likely to attempt to rally towards the top of the descending triangle it is trading in. This descending triangle forms part of a large rising wedge that will eventually have to the break to the downside. That being said, ETH/USD has a lot of room to rally short term as the RSI has cooled off and the stochastic indicator signals a bullish crossover...

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Sally Ho's Technical Analysis 29 April 2019

Bitcoin Bitcoin (BTC/USD) encountered some buying pressure early in today’s Asian session as the pair climbed higher to the 5172.26 area after trading as low as the 5101.00 figure during yesterday’s North American session. Price activity continues to swirl around the technically-relevant 5176.07 area, representing the 38.2% retracement of the move from 8488.00 to 3128.89. Another key level that the pair has been unable to breach in recent days is the 5225.44 level, representing the 38.2% retracement of the 5650.01 – 4963.00 range. BTC/USD will also need to contend with the 100-bar MA (4-hourly) on a move higher, currently around...

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Sally Ho's Technical Analysis 28 April 2019

Bitcoin Bitcoin (BTC/USD) encountered some profit-taking early in today’s Asian session after the pair tested Offers around the 5221.24 level, just below the 5225.44 area, representing the 38.2% retracement of the 5650.01 – 4963.00 range. Today’s intraday high is also just below the 100-bar MA (4-hourly) which came in at 5235.03 during the move higher. During today’s pullback, the pair dropped to the 5162.12 area and continues to orbit the 5176.07 area that we have written about extensively. Some Bids emerged yesterday around the 5125.13 area, a short-term retracement area, and chartists are looking to see if any additional weakness...

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