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Sally Ho's Technical Analysis 27 April 2019

Bitcoin Bitcoin (BTC/USD) gained ground early in today’s Asian session and continued to orbit a key technical level around 5176.07, representing the 38.2% retracement of the move from 8488.00 to 3128.89. Yesterday, the pair drifted lower during the European and North American sessions, eventually trading as low as the 5041.14 area before reclaiming some lost ground. BTC/USD has a variety of upside challenges it may encounter including the 100-bar MA (4-hourly) at 5240.22 and the 50-bar MA (hourly) at 5340.04. The 5265.70 level is technical Resistance as well, representing the 50% retracement of the 7402.50 to 3128.90 range. Other key...

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Ethereum (ETH) Finds Support At 50 Day MA, Price Expected To Rally Ahead

Ethereum (ETH) failed to capitalize on the bullish golden cross but all hope is not lost yet as the price has found a strong support atop the 50 day moving average after the recent sell-off. Cryptocurrencies nosedived on Tether news and as always altcoins like Ethereum (ETH) were the ones that suffered the most. While we still think that ETH/USD does not have much room to go anywhere from here as it has already tested its previous market structure and faced a strong rejection, we still expect it to rally for a retest of the previous market structure once again....

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Sally Ho's Technical Analysis 26 April 2019

Bitcoin Bitcoin (BTC/USD) managed to reclaim a little bit of lost ground in today’s Asian session as traders continued to lift the pair from yesterday’s intraday low of 4963.00 following the sharp and rapid sell-off.  Traders pushed the pair higher to the 5295.03 level during the Asian session before some profit-taking emerged and technical accounts probed demand around some key levels that we have highlighted for weeks. The rapid plunge during yesterday’s North American session started when the pair tested the 5512.12 level, around the 50% retracement of the move from 5650.01 to 5374.00. Chunky Stops were triggered during the...

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Ethereum (ETH) Likely To Retest $178 Resistance Before Further Sell-Off

Ethereum (ETH) has seen a massive pullback after a short-lasting move to the upside. However, there still appears to be some room for a rally towards the $178 resistance. The daily chart for ETH/USD shows that this move is not only possible, but also probable. The price of Ethereum (ETH) retraced strongly after it formed a triple top on the 1H chart. This time, the price is expected to form a triple top on the daily chart. This will make for a good setup to short Ethereum (ETH) as the price is heavily overbought on larger time frames. The daily...

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Sally Ho's Technical Analysis 25 April 2019

Bitcoin Bitcoin (BTC/USD) moved higher early in today’s Asian session as the pair reached the 5454.01 level after being pressured lower during yesterday’s North American session. The pair encountered strong technical Resistance yesterday around the 5488 and 5472 levels, right around the 38.2% retracement of the move from 5213.34 to 5650.01. During the move higher during today’s Asian session, the pair found some technical Bids around the 5436 area, just above the 50% retracement of the same range. Additional upside targets include 5483.20/ 5546.96, both of which are key upside retracement levels related to the same range. BTC/USD will also...

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