Sally Ho's Technical Analysis 17 April 2019

Bitcoin
Bitcoin (BTC/USD) notched solid gains during the Asian session, reaching the 5272.32 level before some profit-taking emerged. This was the pair’s strongest print since 10 April and minor Stops were reached just above the 5264.14 level, representing the 61.8% retracement of the move from 5280.72 to 4901.99, and an area that we spotlighted in our 15 April 2019 analysis.  Follow-through buying pressure could see BTC/USD take a run at 5349.70, representing the 76.4% retracement of the same range.
As we reported in our 16 April 2019 analysis, the pair found a Bid during yesterday’s North American session around the 5013.16 area, representing the 61.8% retracement of the 4901.99 – 5191.19 range.
Another strong technical clue emerged today when the pair found a decent Bid at the 5178.45 area, right around the 38.2% retracement of the 8488.00 – 3128.89 range as noted in our 16 April 2019 analysis. As we also wrote and expected, Stops were elected yesterday above the 50-bar MA (4-hourly) at 5136.61.
As noted in our 15 April 2019 analysis, any additional buying power will spotlight the 5349.70 levels.
Another major upside target is 5403.82, representing the 61.8% retracement of the 6810.00 – 3128.89 range.
Price activity is nearest the 50-bar MA (4-hourly) at 5135.19 and the 200-bar MA (Hourly) at 5139.05.
Technical Support is expected around 5040.29/ 4877.05/ 4582.91 with Stops expected below.
Technical Resistance is expected around 5403.82/ 5769.98/ 5941.26 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) extended yesterday’s price gains and now has eight consecutive 4-hourly bars with a higher High and/ or a higher Low. Today’s intraday High is 168.73, just above the 168.47 area that we have written extensively about. This level represents the 61.8% retracement of the 222.78 – 80.60 range, as noted in our 16 April 2019 analysis. As we also noted in our analysis yesterday, the 167.31 level represented the 38.2% retracement of the depreciation from 185.62 to 156.00, and some Stops were elected above this area.
ETH/USD could not sustain brief tests above the 50-bar MA (4-hourly), only briefly trading above the 168.33 area.  Follow-through buying activity could see the 170.81/ 174.31 areas tested, key retracement areas related to the 185.62 – 156.00 range.
Price activity is nearest the 50-bar MA (4-hourly) at 168.04 and the 100-bar MA (Hourly) at 164.33.
Technical Support is expected around the 156.53/ 151.69/ 144.09 levels with Stops expected below.
Technical Resistance is expected around the 179.40/ 185.62/ 214.08 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
 
Litecoin
Litecoin (LTC/USD) came off a little bit during the Asian session as the pair continues to orbit the 100-bar MA (4-hourly), currently around 80.04. Some Stops were reached above the 81.81 area during the move to intraday Highs around the 82.18 area, and the pair is now trading between the 50-bar MA and 100-bar MA on 4-hourly charts.
The 80.36 level is also a key level that technicians are watching, representing the 23.6% retracement of the 97.88 – 74.95 range. As we noted in our 16 April 2019 analysis, LTC/USD will need to contend with technical Resistance around the 83.71 and 86.42 areas, representing short-term retracement levels associated with the move from 97.88 to 74.95.
As noted in our 15 April 2019 analysis, stronger upside targets include the 87.39 level, representing the 38.2% retracement of the 192.89 – 22.17 range.
Price activity is nearest the 100-bar MA (4-hourly) at 80.04 and the 50-bar MA (Hourly) at 79.86.
Technical Support is expected around the 72.10/ 67.17/ 62.62 levels with Stops expected below.
Technical Resistance is expected around the 87.39/ 92.56/ 102.26 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly above MACDAverage.
 
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) ran out of some steam during the Asian session as the pair tested the 322.00 figure but then came off to the 310.24 level.  The pair continues to the orbit the 315.97 area, representing the 61.8% retracement of the move from 354.17 to 254.17.
Bids emerged during yesterday’s North American session around the 302.66 area, right around the 61.8% retracement of the move from 332.64 to 254.17.
As we noted in our 16 April 2019 analysis, chartists are eyeing the 326.27 area as a short-term upside price target, representing the 76.4% retracement of the recent move from 335.00 to 298.00.
Price activity is nearest the 50-bar MA (4-hourly) at 292.56 and the 50-bar MA (Hourly) at 311.41.
Technical Support is expected around the 277.46/ 265.55/ 254.17 levels with Stops below.
Technical Resistance is expected around the 332.55/ 349.99/ 366.11 levels with Stops above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 16th April 2019

Bitcoin
Bitcoin (BTC/USD) found a Bid early in the Asian session but only after the pair fell to the 4945.54 level during yesterday’s North American session, its weakest print since 11 April.  Stops were elected below the 4970.67 area during the descent, representing the 76.4% retracement of the move from 4901.99 to 5193.01. During today’s climb higher from multi-day lows, BTC/USD found a Bid around the 5013.16 area, representing the 61.8% retracement of the aforementioned range. Chartists are eyeing the 5081.84 area as the pair’s next upside target.
Other minor retracement levels including 5098.48/ 5134.61 related to yesterday’s depreciation from 5193.01 to 4945.54. Technicians are also eyeing the 50-bar MA (4-hourly) as technical Resistance, currently around 5144.99. Traders also continue to pay close attention to the 5176.07 area, representing the 38.2% retracement of the 8488.00 – 3128.89 range.
As noted in our 15 April 2019 analysis, any additional buying power will spotlight the 5264.14/ 5349.70 levels.
Another major upside target is 5403.82, representing the 61.8% retracement of the 6810.00 – 3128.89 range.
Price activity is nearest the 50-bar MA (4-hourly) at 5144.80 and the 100-bar MA (Hourly) at 5081.57.
Technical Support is expected around 4877.05/ 4582.91/ 4393.64 with Stops expected below.
Technical Resistance is expected around 5264.14/ 5403.82/ 5769.98 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Ethereum
Ethereum (ETH/USD) partially recovered during today’s Asian session, trading as high as the 161.87 area after depreciating to the 156.00 figure during yesterday’s North American session. Stops were elected below the 161.63 area during yesterday’s dive, representing the 100-bar MA (4-hourly). Minor Stops were also triggered below the 156.53 area during the move lower, representing the 23.6% retracement of the move from 179.98 to 80.60. Early in the Asian session, the 100-bar MA (4-hourly) was being tested again, this time around 162.03.
Chartists are eyeing the 162.99 and 167.31 levels, representing the 23.6% and 38.2% retracements of the depreciation from 185.62 to 156.00.
ETH/USD continues to orbit the 168.47 level, representing the 61.8% retracement of the 222.78 – 80.60 range.
Price activity is nearest the 100-bar MA (4-hourly) at 162.03 and the 100-bar MA (Hourly) at 164.38.
Technical Support is expected around the 151.69/ 144.09/ 134.91 levels with Stops expected below.
Technical Resistance is expected around the 179.40/ 185.62/ 214.08 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Litecoin
Litecoin (LTC/USD) recovered a little bit of lost ground during today’s Asian session, moving as high as the 79.00 figure before spinning lower. During the pair’s depreciation during yesterday’s North American session, it reached a multi-day low around the 74.95 area. Stops were elected below the 78.35 area during yesterday’s depreciation, representing the 100-bar MA (4-hourly). Yesterday’s intraday low was just below the 50% retracement of the 127.95 – 22.17 range, meaning not too many Stops were reached below this area.
On the upside, LTC/USD will need to contend with technical Resistance around the 83.71 and 86.42 areas, representing short-term retracement levels associated with the move from 97.88 to 74.95.
As noted in our 15 April 2019 analysis, stronger upside targets include the 87.39 level, representing the 38.2% retracement of the 192.89 – 22.17 range, and the 102.26 area, representing the 50% retracement of the 182.35 – 22.17 range.
Price activity is nearest the 100-bar MA (4-hourly) at 78.69 and the 100-bar MA (Hourly) at 79.21.
Technical Support is expected around the 72.10/ 67.17/ 62.62 levels with Stops expected below.
Technical Resistance is expected around the 87.39/ 92.56/ 102.26 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly above MACDAverage.
Bitcoin Cash
BCH/USD (Bitcoin Cash/ US dollar) continued to defy much of the crypto complex and traded with a high degree of technical independence. The pair traded as high as the 335.00 figure during yesterday’s North American session before collapsing to the 298.00 figure during today’s Asian session. During yesterday’s move higher during the European session, Bids emerged around the 293.17 area, just above both the 50-bar MA (4-hourly) and the 38.2% retracement of the 354.17 – 254.17 range.
Chartists are eyeing the 326.27 area as a short-term upside price target, representing the 76.4% retracement of the recent move from 335.00 to 298.00.
Price activity is nearest the 50-bar MA (4-hourly) at 291.97 and the 50-bar MA (Hourly) at 294.69.
Technical Support is expected around the 277.46/ 265.55/ 254.17 levels with Stops below.
Technical Resistance is expected around the 332.55/ 349.99/ 366.11 levels with Stops above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 15th April 2019

Bitcoin
Bitcoin (BTC/USD) scored strong gains during today’s Asian session, rocketing to the 5191.19 level. In our 14 April 2019 analysis, we identified the 50-bar MA (4-hourly) as technical Resistance and strong Stops were elected above the 5137.67 area after traders tested this key area.  The pair reached the 5191.19 level, just below the 50% retracement of the 5488.00 – 4901.99 range. Additional Stops were elected above the 5125.85 area, representing the 38.2% retracement of the same range.
Notably, there were some early indications during the Asian session that BTC/USD was trying to derive technical Support at the 50-bar MA (4-hourly), a development that could see a test of the 5264.14/ 5349.70 levels.
Another major upside target is 5403.82, representing the 61.8% retracement of the 6810.00 – 3128.89 range.
Price activity is nearest the 50-bar MA (4-hourly) at 5140.40 and the 200-bar MA (Hourly) at 5136.80.
Technical Support is expected around 4877.05/ 4582.91/ 4393.64 with Stops expected below.
Technical Resistance is expected around 5264.14/ 5403.82/ 5769.98 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Ethereum
Ethereum (ETH/USD) encountered decent buying pressure during today’s Asian session, reaching as high as the 169.76 level. As noted in our 14 April 2019 analysis, traders gunned for the Stops above the 169.34 area, representing the 38.2% retracement of the 185.62 – 159.27 area. Stops were also triggered above the 168.47 area, representing the 61.8% retracement of the 222.78 – 80.60 range. This technical breach opens up the 189.23 level as an upside target, representing the 76.4% retracement of the same range.
Traders are curious if ETH/USD will have the strength to test the 50-bar MA (4-hourly), currently around the 170.33 area. Stops are likely situated above, and a break would likely see the 172.45 area tested.
Price activity is nearest the 50-bar MA (4-hourly) at 170.33 and the 200-bar MA (Hourly) at 170.37.
Technical Support is expected around the 161.43/ 152.41/ 144.09 levels with Stops expected below.
Technical Resistance is expected around the 179.40/ 185.62/ 214.08 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
Litecoin
Litecoin (LTC/USD) appreciated sharply during today’s Asian session as the pair traded as high as the 84.73 level, its strongest showing since 11 April. We spotlighted the 84.71 level in our 14 April 2019 analysis as a key upside price target.  Many key levels were tested during the ascent, including the 83.97 area, representing the 76.4% retracement of the 103.06 – 22.17 area. Minor Stops were also triggered above the 84.28 area, representing the 50-bar MA (4-hourly).  The 86.61/ 89.27/ 92.56 areas represent upside price objectives.
Stronger upside targets include the 87.39 level, representing the 38.2% retracement of the 192.89 – 22.17 range, and the 102.26 area, representing the 50% retracement of the 182.35 – 22.17 range.
Price activity is nearest the 50-bar MA (4-hourly) at 84.28 and the 200-bar MA (Hourly) at 84.31.
Technical Support is expected around the 77.53/ 72.10/ 67.17 levels with Stops expected below.
Technical Resistance is expected around the 92.56/ 102.26/ 107.53 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) exploded higher during today’s Asian session, trading as high as the 311.66 area. Stops were reached above the 289.18 area, representing the 38.2% retracement of the 638.55 – 73.22 range and an important area that we identified in our 14 April 2019 analysis.  
A flurry of additional Stops were also triggered above the 293.41 and 302.66 areas, representing the 50% and 61.8% retracement levels of the 332.64 – 254.17 range. The 50-bar MA (4-hourly) provided some brief Resistance for BCH/USD during today’s ascent around the 290.49 area, but this was easily absorbed.
Price activity is nearest the 50-bar MA (4-hourly) at 290.66 and the 50-bar MA (Hourly) at 280.80.
Technical Support is expected around the 277.46/ 265.55/ 254.17 levels with Stops below.
Technical Resistance is expected around the 322.78/ 332.55/ 349.99 levels with Stops above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 14 April 2019

Bitcoin (BTC/USD) continued to orbit a key technical level during the Asian session today, with the pair dancing around the 5079.35 level, representing the 50% retracement of the move from 4670.69 to 5488.00. As with many assets in the cryptocurrency complex, BTC/USD fell sharply during yesterday’s European session with no discernible technical explanation as to why.The 5125.85 has also remained toppish since 11 April, representing the 38.2% retracement of the 5488.00 – 4901.99 range as noted in our 13 April 2019 analysis. The 50-bar MA (4-hourly) has also prevented BTC/USD from drifting too far above.
During the past day, price has been supported around the 5040.29 area, representing the 23.6% retracement of the aforementioned 5488.00 – 4901.99 range.
On the downside, Stops are expected below the 4982.90 area.
Chartists are eyeing the 5195.00/ 5264.14 areas as upside technical Resistance with Stops expected above.
Price activity is nearest the 50-bar MA (4-hourly) at 5125.64 and the 50-bar MA (Hourly) at 5065.10.
Technical Support is expected around 4877.05/ 4582.91/ 4393.64 with Stops expected below.
Technical Resistance is expected around 5264.14/ 5403.82/ 5769.98 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
 
Ethereum
Ethereum (ETH/USD) found some Buying pressure early in the Asian session as the pair moved back to the 165.20 level, just below the 165.49 area that represents the 23.6% retracement of the move from 185.62 to 159.27. Chartists are eyeing the 169.34 and 172.45 levels as the next upside targets. Additionally, as noted in our 13 April 2019 analysis, the 168.47 level represents the 61.8% retracement of the 222.78 – 80.60 range, and this is a level where the pair encountered Resistance on 12 April.
Chartists are interested to see what will happen around the 100-bar MA (4-hourly), currently around 158.92, and it is likely there are Stops below this area. A decisive break below this area would open up a possible test of the 151.60 area, representing the 50% retracement of the 222.78 – 80.60 area, below which the 200-bar MA (4-hourly) is around 147.11.
As noted in our 12 April 2019 analysis, the 156.53 level is a major downside focal point for traders, representing the 23.6% retracement of the 80.60 – 179.98 range.
Price activity is nearest the 100-bar MA (4-hourly) at 158.92 and the 50-bar MA (Hourly) at 164.36.
Technical Support is expected around the 152.41/ 144.09/ 130.29 levels with Stops expected below.
Technical Resistance is expected around the 172.45/179.40/ 185.62 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
 
Litecoin
Litecoin (LTC/USD) was marginally better early in the Asian session with traders testing the 78.67 level and finding Support around the 77.19 area. The 100-bar MA (4-hourly) is currently around 76.38, and technicians are curious to see if the pair will test this area for the first time since 2 April. On the upside, the pair may seek to reclaim the 79.26 level, representing the 23.6% retracement of the 91.99 – 75.33 range.
On the upside, Stops are expected above the 84.71 level and on the downside, Stops are expected below the 72.16 area.
Price activity is nearest the 100-bar MA (4-hourly) at 76.38 and the 50-bar MA (Hourly) at 78.67.
Technical Support is expected around the 72.10/ 67.17/ 65.60 levels with Stops expected below.
Technical Resistance is expected around the 83.94/ 92.56/ 102.26 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
 
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) traded quite technically into the Asian session as the pair contemplated an additional test of the 284.15 level, representing the 38.2% retracement of the 332.64 – 254.17 range. During the Asian session, some provisional Support emerged around the 277.46 area, representing the 38.2% retracement of the 315.14 – 254.17 range.
Above current trading activity, the 289.18 area is one of significant technical Resistance, representing the 38.2% retracement of the 638.55 – 73.22 range.
On the upside, Stops are expected above the 300.75 level and on the downside, Stops are expected below the 265.55 area.
Price activity is nearest the 50-bar MA (4-hourly) at 291.30 and the 50-bar MA (Hourly) at 277.35.
Technical Support is expected around the 265.55/ 229.49/ 206.64 levels with Stops below.
Technical Resistance is expected around the 294.74/ 306.09/ 332.55 levels with Stops above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 13th April

Bitcoin
Bitcoin (BTC/USD) continued to struggle with the 50-bar MA (4-hourly) during the past 24 hours and was generally thwarted around the 5105 – 5100 area, barely eclipsing the indicator to briefly trade as high as the 5118.56 area. Traders were probing technical Resistance up to 5125.85 during the move higher, representing the 38.2% retracement of the 5488.00 – 4901.99 range. On the downside, the pair bounced higher from the 5002.39 area during yesterday’s session, right around the 23.6% retracement of the 5345.00 – 4778.00 range.
Chartists are eyeing the 5195.00/ 5264.14 areas as upside technical Resistance with Stops expected above.
Price activity is nearest the 50-bar MA (4-hourly) at 5109.62 and the 50-bar MA (Hourly) at 5096.01.
Technical Support is expected around 4877.05/ 4582.91/ 4393.64 with Stops expected below.
Technical Resistance is expected around 5264.14/ 5403.82/ 5769.98 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) has traded in a very tight range over the last several hours following its test of the technically-relevant 168.47 level yesterday, representing the 61.8% retracement of the 222.78 – 80.60 range. Resistance over the past several hours has come in around the 165.49 area, representing the 23.6% retracement of the 185.62 – 159.27 range, and also right around a larger retracement area related to the move from 302.20 to 80.60.
As we noted in our 11 April 2019 analysis, a Double Top chart pattern is now evident on a 4-hourly chart. Traders are technically curious to see how price activity develops down to the 150.52 area.
As noted in our 12 April 2019 analysis, the 156.53 level is a major downside focal point for traders, representing the 23.6% of the 80.60 – 179.98 range.
Price activity is nearest the 50-bar MA (4-hourly) at 169.55 and the 50-bar MA (Hourly) at 166.30.
Technical Support is expected around the 152.41/ 144.09/ 130.29 levels with Stops expected below.
Technical Resistance is expected around the 172.45/179.40/ 185.62 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

Litecoin
Litecoin (LTC/USD) wandered lower during today’s Asian session after getting as high as the 81.20 level during yesterday’s North American session. The 80.65 area was subsequently toppish, representing the 23.6% retracement of the 91.99 – 75.33 range, and then more weakness was exhibited during the Asian session when the pair encountered headwinds around the 79.26 area, representing the 23.6% retracement of the 91.99 – 75.33 range.
On the upside, Stops are expected above the 84.71 level and on the downside, Stops are expected below the 72.16 area.
Price activity is nearest the 100-bar MA (4-hourly) at 75.24 and the 50-bar MA (Hourly) at 79.93.
Technical Support is expected around the 72.10/ 67.17/ 65.60 levels with Stops expected below.
Technical Resistance is expected around the 83.94/ 92.56/ 102.26 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
 
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) searched for guidance early in today’s Asian session, taking its cues from yesterday’s North American session when the pair was unable to get back above the 290.00 figure, right around the 38.2% retracement of the move from 638.55 to 73.22. Some Bids emerged around the 271.35 level during today’s Asian session, representing the 38.2% retracement of the 591.88 – 73.22 range.
On the upside, Stops are expected above the 300.75 level and on the downside, Stops are expected below the 265.55 area.
Price activity is nearest the 50-bar MA (4-hourly) at 293.29 and the 50-bar MA (Hourly) at 277.26.
Technical Support is expected around the 265.55/ 229.49/ 206.64 levels with Stops below.
Technical Resistance is expected around the 294.74/ 306.09/ 332.55 levels with Stops above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 12th April

Bitcoin
Bitcoin (BTC/USD) extended its recent depreciation as traders drove the pair to the 4901.99 level during today’s Asian session, the pair’s weakest showing since 5 April. Today’s intraday Low was just below the 4911.81 level, representing the 23.6% retracement of the move from 5345.00 to 4778.00 and a level we have spotlighted.
Some intraday Support emerged yesterday when Bears challenged the 4969.45 area, representing the 50% retracement of the 6810.00 – 3128.89 range and a key technical level we have repeatedly highlighted.
The 50-bar MA (4-hourly) also proved to be challenging technical Resistance during yesterday’s European and North American sessions, keeping the pair offered below the 5096.36 level.
Technicians are eyeing additional technical Support around the 4738.23 level, representing the 23.6% retracement of the move from 9948.12 to 3128.89.
Price activity is nearest the 50-bar MA (4-hourly) at 5103.36 and the 200-bar MA (Hourly) at 5107.02.
Technical Support is expected around 4877.05/ 4582.91/ 4393.64 with Stops expected below.
Technical Resistance is expected around 5264.14/ 5403.82/ 5769.98 with Stops expected above.
On 4-Hourly chart, SlowK Bullishly moved above SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bullishly above SlowD while MACD remains Bullishly above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) remained on the defensive during today’s Asian session as traders drove the pair as Low as the 159.27 area, its weakest print since 5 April. Minor Stops were reached below the 159.78 area, representing the 23.6% retracement of the 180.10 – 153.50 range. As we noted in our 11 April 2019 analysis, a Double Top chart pattern is now evident on a 4-hourly chart. Traders are technically curious to see how price activity develops down to the 150.52 area.
The 156.53 level is a major downside focal point for traders, representing the 23.6% of the 80.60 – 179.98 range.
Price activity is nearest the 50-bar MA (4-hourly) at 169.91 and the 200-bar MA (Hourly) at 170.33.
Technical Support is expected around the 152.41/ 144.09/ 130.29 levels with Stops expected below.
Technical Resistance is expected around the 169.34/ 172.45/ 175.55 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bullishly above MACDAverage.
 
Litecoin
Litecoin (LTC/USD) remained rangebound following its recent descent as traders took the pair as low as the 75.44 area during the Asian session. Today’s intraday low was right around the 50% retracement of the 127.95 – 22.17 range, and traders are eyeing some Stops below the 75.06 area.
The 86.08 area emerged as technical Resistance during yesterday’s European session, right around the 50-bar MA (4-hourly). Chartists are now eyeing the 74.19 area, representing the 100-bar MA (4-hourly).
Price activity is nearest the 100-bar MA (4-hourly) at 74.19 and the 50-bar MA (Hourly) at 83.54.
Technical Support is expected around the 72.10/ 67.17/ 65.60 levels with Stops expected below.
Technical Resistance is expected around the 83.94/ 92.56/ 102.26 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bullishly above SlowD while MACD remains Bullishly above MACDAverage.
 
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) remained pressured during today’s Asian session as traders pushed the pair lower to the 258.37 level.  Price activity continues to orbit the 265.55 level, representing the 23.6% retracement of the 888.19 – 73.22 range.
Chartists are eyeing the 211.46 level as an important area, and the 100-bar MA (232.93) on a 4-hourly chart is also technically relevant.
Price activity is nearest the 100-bar MA (4-hourly) at 232.93 and the 50-bar MA (Hourly) at 285.41.
Technical Support is expected around the 229.49/ 206.64/ 186.06 levels with Stops below.
Technical Resistance is expected around the 280.70/ 294.74/ 306.09 levels with Stops above.
On 4-Hourly chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD remains Bullishly above MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 11th April

Bitcoin
Bitcoin (BTC/USD) was under pressure early in today’s Asian session with the pair slumping to the 5289.24 level. Traders took the pair as high as the 5488.00 area during yesterday’s North American session before profit-taking took the pair to the 5213.06 level, just above the 76.4% retracement of the 5345.00 – 4778.00 range.
Chartists are keeping their eyes on the 5175.79 and 5079.35 areas, representing short-term technical Support related to the 4670.69 – 5488.00 range. Stops are expected below the 5103.32 area, representing the 23.6% retracement of the 3858.00 – 5488.00 range.
As noted again in our 10 April 2019 analysis, the 5265.70 level continues to be a technical focal point that we have written about extensively, representing the 50% retracement of the 7402.50 – 3128.89 range. Price activity continues to orbit this area.
Additional Buying pressure will spotlight key upside price objectives including 5733.84/ 5941.26/ 6393.93.
Price activity is nearest the 50-bar MA (4-hourly) at 5059.06 and the 50-bar MA (Hourly) at 5249.09.
Technical Support is expected around 4877.05/ 4582.91/ 4393.64 with Stops expected below.
Technical Resistance is expected around 5769.98/ 5941.26/ 6393.93 with Stops expected above.
On 4-Hourly chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
Ethereum
Ethereum (ETH/USD) came off during the Asian session with early activity pushing the pair as low as the 169.52 area, not far above the 50-bar MA (4-hourly) which was then at 168.15. A possible Double Top is forming on a 4-hourly chart, thus chartists are very curious to see what develops between the 169.20 – 160.48 range.
Stops were elected below the 174.17 area during the move lower, representing the 23.6% retracement of the 130.64 – 187.62 range.
As we have been noting the 173.72 area remains technically relevant with the 169.94/ 166.80 areas also of technical importance.
Additionally, as noted in our 4 April 2019 analysis, the 172.88 level also represents the 38.2% retracement of the move from 322.16 – 80.60, and a break would technically open up a possible move to the 137.61 level.
Price activity is nearest the 50-bar MA (4-hourly) at 168.85 and the 100-bar MA (Hourly) at 175.85.
Technical Support is expected around the 168.47/ 160.62/ 151.69 levels with Stops expected below.
Technical Resistance is expected around the 183.35/ 191.40/ 201.38 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly converging with MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
Litecoin
Litecoin (LTC/USD) showed some weakness early in the Asian session with the pair trading as low as the 86.63 area following an inability to get above the 91.99 area during yesterday’s North American session. The 50-bar MA (4-hourly) is around 85.64 and this may provide some short-term technical Support.
Stops were elected yesterday above the 89.18 and 90.85 levels, key retracement areas.
Price activity is nearest the 50-bar MA (4-hourly) at 85.64 and the 50-bar MA (Hourly) at 87.86.
Technical Support is expected around the 78.89/ 72.10/ 65.60 levels with Stops expected below.
Technical Resistance is expected around the 94.81/ 102.26/ 116.06 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) depreciated during today’s Asian session with the pair reaching the 294.31 level after trading as high as the 315.14 area during yesterday’s North American session. Price activity is approaching the 291.39 area, representing the 23.6% retracement of the 659.00 – 73.22 range.
As noted in our 10 April 2019 analysis, a break of this current tight range will quickly spotlight the 289.18 level, representing the 38.2% retracement of the 638.55 – 73.22 range. If and when that level breaks, chartists will be eyeing the 275.42 area, representing the 23.6% retracement of the 929.99 – 73.22 range. Below this area, the 265.55 and 211.46 areas represent downside areas of possible technical Support.
Price activity is nearest the 50-bar MA (4-hourly) at 285.70 and the 50-bar MA (Hourly) at 301.05.
Technical Support is expected around the 289.18/ 258.91/ 229.49 levels with Stops below.
Technical Resistance is expected around the 322.78/ 332.55/ 355.89 levels with Stops above.
On 4-Hourly chart, SlowK has Bearishly crossed below SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, SlowK has Bearishly crossed below SlowD while MACD remains Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 9th April 2019

Bitcoin
Bitcoin (BTC/USD) took a breather early in the Asian session after traders drove the pair as high as the 5314.59 level. Minor Stops were triggered above the 5300.53 level, representing the 76.4% retracement of the recent move from 5352.50 to 5132.28. During today’s pullback, Bids emerged around the 5215.38 area, just above the 5211.19 area which represents the 76.4% retracement of the wider 5345.00 – 4778.00 range, as noted in our 7 April 2019 analysis.
Additional selling pressure may see the 5184.25 level tested again, an area that provided intraday technical Support yesterday. As we noted in our 8 April 2019 analysis, chartists and technicians are interested to see if the 5244.04 and 5176.07 levels can become technically constructive.
Additional Buying pressure will spotlight key upside price objectives including 5733.84/ 5941.26/ 6393.93.
Price activity is nearest the 50-bar MA (4-hourly) at 4807.66 and the 50-bar MA (Hourly) at 5169.14.
Technical Support is expected around 4877.05/ 4582.91/ 4393.64 with Stops expected below.
Technical Resistance is expected around 5769.98/ 5941.26/ 6393.93 with Stops expected above.
On 4-Hourly chart, SlowK remains Bullishly above SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
Ethereum
Ethereum (ETH/USD) struggled with a key technical level today as traders were unable to reclaim the 183.33 level, representing the 23.6% retracement of the 515.88 to 80.6 range and an area we spotlighted in our 8 April 2019 analysis. The 173.82 level provided technical Support during yesterday’s trading activity, representing the 76.4% retracement of the move from 180.10 to 153.50.
The likely break of the 173.82 area will refocus chartists on the 169.94/ 166.80/ 163.68/ 159.78 retracement levels.
Additionally, as noted in our 4 April 2019 analysis, the 172.88 level also represents the 38.2% retracement of the move from 322.16 – 80.60, and a break would open up a possible move to the 137.61 level.
Additional upside technical Resistance is expected around 191.40/ 213.84/ 217.55.
Price activity is nearest the 50-bar MA (4-hourly) at 160.66 and the 100-bar MA (Hourly) at 174.32.
Technical Support is expected around the 168.47/ 151.69/ 134.91 levels with Stops expected below.
Technical Resistance is expected around the 191.40/ 201.38/ 213.84 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly converging with MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
Litecoin
Litecoin (LTC/USD) met with more weakness during today’s Asian session as traders pushed the pair lower to the 85.59 level. Buying activity over the last several hours has been unable to drive the pair above the 90.13 area, representing the 50% retracement of the 99.89 – 80.37 range. Chartists are eyeing Stops below the 84.98 area, representing the 23.6% retracement level of the same range.
Some technicians are eyeing the 84.89 area as a possible exhaustion point.
Price activity is nearest the 50-bar MA (4-hourly) at 79.52 and the 100-bar MA (Hourly) at 88.16.
Technical Support is expected around the 78.89/ 72.10/ 65.60 levels with Stops expected below.
Technical Resistance is expected around the 94.81/ 102.26/ 116.06 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) continued to trade in a relatively tight range as Bulls continued to be thwarted by the 313.09 area, the 50% retracement of the 354.17 – 202.00 range. Technical Support has emerged around the 296.99 area, representing the 38.2% retracement of the 659.00 – 73.22 range. These areas of technical Support and Resistance have BCH/USD confined to a narrow range.
A break of this range will quickly spotlight the 289.18 level, representing the 38.2% retracement of the 638.55 – 73.22 range. If and when that level breaks, chartists will be eyeing the 275.42 area, representing the 23.6% retracement of the 929.99 – 73.22 range. Below this area, the 265.55 and 211.46 areas represent downside areas of possible technical Support.
Price activity is nearest the 50-bar MA (4-hourly) at 256.42 and the 100-bar MA (Hourly) at 298.93.
Technical Support is expected around the 289.18/ 258.91/ 229.49 levels with Stops below.
Technical Resistance is expected around the 322.78/ 332.55/ 355.89 levels with Stops above.
On 4-Hourly chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 8th April

Bitcoin
Bitcoin (BTC/USD) extended its recent surge higher, testing the 5352.50 level early in the Asian session before profit-taking emerged after the pair reached its highest level since 19 November 2018. Trading over the past several days has been very technically-driven. As noted in our 7 April 2019 analysis, the 5244.04 area remains a key technical level, representing the 50% retracement of the 7402.50 – 3128.89 range, and traders were able to elect Stops above this area.
During the pullback, Bids emerged just below the 5176.07 area, representing the 38.2% retracement of the 8488.00 – 3128.89 range, a key level also identified in our 7 April 2019 analysis. Chartists and technicians are interested to see if the 5244.04 and 5176.07 levels can become technically constructive.
Additional Buying pressure will spotlight key upside price objectives including 5733.84/ 5941.26/ 6393.93.
Price activity is nearest the 50-bar MA (4-hourly) at 4671.16 and the 50-bar MA (Hourly) at 5051.99.
Technical Support is expected around 4877.05/ 4582.91/ 4393.64 with Stops expected below.
Technical Resistance is expected around 5769.98/ 5941.26/ 6393.93 with Stops expected above.
On 4-Hourly chart, SlowK Bullishly crossed above SlowD while MACD has Bullishly crossed above MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bullishly above MACDAverage.
Ethereum
Ethereum (ETH/USD) scored major gains and traded as high as the 187.62 level, the pair’s strongest showing since 14 November 2018. After initially testing the 177.17 level, a shallow pullback emerged and technical Bids emerged around the 173.95 level, just above the 76.4% retracement of the 180.10 – 153.50 range. Also, as noted in our 4 April 2019 analysis, the 172.88 level also represents the 38.2% retracement of the move from 322.16 – 80.60.
Decent Stops were elected above the 183.33 level, representing the 23.6% retracement of the move from 515.88 to 80.60.
Additional upside technical Resistance is expected around 191.40/ 213.84/ 217.55.
Price activity is nearest the 50-bar MA (4-hourly) at 156.34 and the 100-bar MA (Hourly) at 166.98.
Technical Support is expected around the 173.45/ 164.69/ 155.19 levels with Stops expected below.
Technical Resistance is expected around the 191.40/ 201.38/ 213.84 levels with Stops expected above.
On 4-Hourly chart, SlowK has Bullishly crossed above SlowD while MACD remains Bullishly above MACDAverage.
On 60-minute chart, SlowK has Bearishly crossed below SlowD while MACD remains Bullishly above MACDAverage.
Litecoin
Litecoin (LTC/USD) has not been participating in the strength seen today in some of the crypto complex, with the pair generally pressured after establishing its recent high of 97.88. The pair has since been orbiting the 91.19 level, representing the 38.2% retracement of the 80.37 – 97.88 range, and the 92.02 area, representing the 23.6% retracement of the 73.03 – 97.88 range.
A break lower of the recent trading range will open up the 89.78 area, representing the 23.6% retracement of the 57.06 – 99.89 range, below which technical Bids are expected around the 86.32 level, representing the 23.6% retracement of the 42.40 – 99.89 range.
Price activity is nearest the 50-bar MA (4-hourly) at 76.27 and the 50-bar MA (Hourly) at 89.49.
Technical Support is expected around the 87.06/ 78.89/ 72.10 levels with Stops expected below.
Technical Resistance is expected around the 102.26/ 116.06 /121.16 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) is searching for technical direction during the Asian session, as traders have been unable to move the pair above the 329.90 level to again test the 332.55 level that represents the 50% retracement of the 591.88 – 73.22 range.
Bids have kept BCH/USD supported around the 311.04 area in the Asian session.
As noted in our 6 April 2019 analysis, the 303.39 level was previously technical Resistance, and chartists are interested to see if this may become technical Support.
Another important level as noted in our 4 April 2019 analysis remains the 341.50 level, representing the 23.6% retracement of the move from 1209.99 to 73.22.
Price activity is nearest the 50-bar MA (4-hourly) at 240.06 and the 50-bar MA (Hourly) at 298.53.
Technical Support is expected around the 295.32/ 258.91/ 229.49 levels with Stops below.
Technical Resistance is expected around the 355.89/ 393.75/ 422.59 levels with Stops above.
On 4-Hourly chart, SlowK Bullishly crossed above SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD has converged with MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 7th April 2019

Bitcoin (BTC/USD) pushed higher during yesterday’s European session before weaker Longs exited their trades early in today’s Asian session.  BTC/USD reached 5244.04 before coming off, representing the 50% retracement of the 7402.50 – 3128.89 range. During the pullback, traders tested the 5176.07 level, representing the 38.2% retracement of the 8488.00 – 3128.89 range. Bids emerged just ahead of the 4911.81 area, representing the 23.6% retracement of the move from 5345.00 – 4778.00 range.
Additional Buying pressure will spotlight key upside price objectives including 5733.84/ 5941.26/ 6393.93.
Price activity is nearest the 50-bar MA (4-hourly) at 4602.00 and the 50-bar MA (Hourly) at 5005.39.
Technical Support is expected around 4393.64/ 4137.46/ 3997.63 with Stops expected below.
Technical Resistance is expected around 5769.98/ 5941.26/ 6393.93 with Stops expected above.
On 4-Hourly chart, SlowK Bearishly moved below SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD has just Bullishly crossed above MACDAverage.
 
Ethereum
Ethereum (ETH/USD) tested major technical Resistance early in today’s Asian session, as the pair reached the 169.20 level and encountered key areas of technical congestion that we identified in our 6 April 2019 analysis. The 168.48 level represents the 61.8% retracement of the 222.78 – 80.60 range and as noted in our 4 April 2019 analysis, the 172.88 level also represents the 38.2% retracement of the move from 322.16 – 80.60.
On Hourly charts, today’s pullback after testing 173.19 saw the 100-bar MA (164.35) and 50-bar MA (163.60) levels tested.
Price activity is nearest the 50-bar MA (4-hourly) at 154.05 and the 100-bar MA (Hourly) at 164.43.
Technical Support is expected around the 144.66/ 134.91/ 130.29 levels with Stops expected below.
Technical Resistance is expected around the 180.10/ 191.40/ 201.38 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly converging with SlowD while MACD just Bullishly crossed above MACDAverage.
On 60-minute chart, SlowK has Bearishly crossed below SlowD while MACD is Bearishly converging with MACDAverage.
 
Litecoin
Litecoin (LTC/USD) raced higher and tested the 97.88 level during Saturday’s North American session as Bulls elected Stops above the 95.28 level, representing the 76.4% retracement of the 99.89 – 80.37 range. As noted in our 6 April 2019 analysis, the 92.43 level was also an upside price objective, representing the 61.8% retracement of the same range, and this is why Stops were also triggered above this area, temporarily pushing the pair to the 93.94 area.
Buying power receded during today’s Asian session and the ensuring depreciation pushed the pair back to the 88.12 level, just below the 23.6% retracement of the 304.00 – 22.17 area as noted in our 4 April 2019 analysis.
Price activity is nearest the 50-bar MA (4-hourly) at 74.42 and the 50-bar MA (Hourly) at 88.37.
Technical Support is expected around the 78.48/ 72.10/ 62.62 levels with Stops expected below.
Technical Resistance is expected around the 102.26/ 116.06 /121.16 levels with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly converging with SlowD while MACD is Bullishly converging with MACDAverage.
On 60-minute chart, SlowK remains Bearishly below SlowD while MACD remains Bullishly above MACDAverage.
 
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) powered higher early in today’s Asian session and tested a major area of technical Resistance, reaching the 332.64 area. The 332.55 level represents the 50% retracement of the 591.88 – 73.22 range, thus today’s intraday High was almost a perfect test of this key price objective.
The pair then fell back to the 289.00 level during the Asian session, just below the 289.18 level, representing the 38.2% retracement of the 638.55 – 73.22 range. As noted in our 6 April 2019 analysis, the 303.39 level was upside technical Resistance, representing the 38.2% retracement of the 354.17 – 272.00 range. Stops were elected above the 303.39/ 313.09/ 322.78 levels during the spin higher.
Another important level as noted in our 4 April 2019 analysis will remain the 341.50 level, representing the 23.6% retracement of the move from 1209.99 to 73.22.
Price activity is nearest the 50-bar MA (4-hourly) at 231.21 and the 50-bar MA (Hourly) at 293.37.
Technical Support is expected around the 258.91/ 229.49/ 200.06 levels with Stops below.
Technical Resistance is expected around the 355.89/ 400.51/ 435.23 levels with Stops above.
On 4-Hourly chart, SlowK remains Bullishly above SlowD while MACD remains Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 6th April 2019

Bitcoin (BTC/USD) extended its recent run higher following its test and bounce above the 4761.41 level earlier this week, trading as high as the 5066.59 level during today’s Asian session.  As noted in our 4 April 2019 analysis, the 4761.41 area remains a key technical level, representing the 38.2% retracement of the 7402.50 – 3128.89 range.
Traders were unable to take BTC/USD too far above the 5061.50 level, representing the 50% retracement of the 5345.00 – 4778.00 range. Short-term related upside technical Resistance is also expected around the 5128.41 and 5211.19 levels.
Price activity is nearest the 50-bar MA (4-hourly) at 4500.76 and the 50-bar MA (Hourly) at 4975.51.
Technical Support is expected around 4393.64/ 4137.46/ 3997.63 with Stops expected below.
Technical Resistance is expected around 5769.98/ 5941.26/ 6393.93 with Stops expected above.
On 240-minute chart, SlowK appears to be Bearishly converging with SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD and MACDAverage have Bearishly converged.
 
Ethereum
Ethereum (ETH/USD) has largely been rangebound following its most recent test of the 168.47 area, representing the 61.8% retracement of the 222.78 – 80.60 range. As noted in our 4 April 2019 analysis, the 172.88 level also represents the 38.2% retracement of the move from 322.16 – 80.60.
Above this technical congestion, technical Resistance is expected around the 169.94 and 173.82 levels, representing related upside price objectives with Stops expected above.
Price activity is nearest the 50-bar MA (4-hourly) at 151.31 and the 50-bar MA (Hourly) at 161.70.
Technical Support is expected around the 144.66/ 134.91/ 130.29 levels with Stops expected below.
Technical Resistance is expected around the 180.10/ 191.40/ 201.38 levels with Stops expected above.
On 240-minute chart, SlowK has Bearishly converged with SlowD while MACD is Bearishly converging with MACDAverage.
On 60-minute chart, SlowK has Bearishly crossed below SlowD while MACD is Bullishly diverging from MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 4th April 2019

Bitcoin
Bitcoin (BTC/USD) reached a key upside price objective early in the Asian session when 5265.70 was reached, representing the 50% retracement of the 7402.50 – 3128.89 range. Stops were triggered and pushed the pair as high as the 5345.00 figure before profit-taking knocked the pair lower to the 4787.11 level, just above the 4761.41 area, representing the 38.2% retracement of the same range.
Today’s intraday high represents BTC/USD’s Highest level since 19 November 2018.
Chartists are eyeing the 5403.82 level, representing the 61.8% retracement of the 6810.00 – 3128.89 range.
Technical Support is expected around 4393.64/ 4137.46/ 3997.63 with Stops expected below.
Technical Resistance is expected around 5769.98/ 5941.26/ 6393.93 with Stops expected above.
On 240-minute chart, the 50-bar MA is around 4268.57. SlowK has Bearishly moved below SlowD while MACD and MACDAverage appear to be converging.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Ethereum
Ethereum (ETH/USD) traded at its highest level since 18 November 2018 before depreciating sharply to the 150.52 level and then recovering back around the 164.50 area. In recent sessions, the pair has been orbiting the 172.88 level, representing the 38.2% retracement of the 322.16 – 80.60 range. During the intraday pullback, some Bids emerged around the 151.69 level, representing the 50% retracement of the move from 222.78 – 80.60 range.
Price activity is nearest the 50-bar MA, coming in around 145.51.
Technical Support is expected around the 142.02/ 134.91/ 130.29 levels with Stops expected below.
Technical Resistance is expected around the 191.40/ 201.38/ 217.55 levels with Stops expected above.
On 240-minute chart, SlowK is Bearishly below SlowD while MACD and MACDAverage are Bearishly converging.
On 60-minute chart, SlowK has Bullishly crossed above SlowD while MACD and MACDAverage are Bearishly diverging.
Litecoin
Litecoin (LTC/USD) extended recent gains and recorded its strongest showing since 19 June 2018, printing around the 99.89 area before coming off to the 73.03 level. During the pullback, today’s intraday Low of 73.03 was just above the 61.8% retracement of the 103.06 – 22.17 range.
Significant Stops were reached above the 88.68 level during the move higher, representing the 23.6% retracement of the 304.00 – 22.17 range.
Price activity is nearest the 50-bar MA (4-hourly), coming in around 65.07.
Technical Support is expected around the 72.10/ 62.62/ 53.07 levels with Stops expected below.
Technical Resistance is expected around the 109.93/ 116.06 /121.16 levels with Stops expected above.
On 240-minute chart, SlowK has Bearishly moved below SlowD while MACD remains Bullishly above MACDAverage.
On 60-minute chart, SlowK and SlowD appear to be converging while MACD remains Bearishly below MACDAverage.
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) has nearly doubled in value over the past several hours, as the pair reached the 354.17 level before rapidly pulling back to the 258.01 level. Major Stops were triggered above the 341.50 level during the ascent, representing the 23.6% retracement of the move from 1209.99 to 73.22.  Today’s intraday High represents the pair’s strongest showing since November 2018.
Price activity is closest to the 50-bar MA (4-hourly) at 188.13 and 50-bar MA (Hourly) at 249.55.
Technical Support is expected around the 289.18/ 271.35/ 232.10 levels with Stops below.
Technical Resistance is expected around the 355.89/ 435.23/ 460.48 levels with Stops above.
On 240-minute chart, SlowK has Bearishly crossed below SlowD while MACD remains Bullishly above MACDAverage.
On 60-minute chart, SlowK has Bearishly crossed below SlowD while MACD remains Bearishly below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 28th March 2019

Bitcoin
Bitcoin (BTC/USD) extended recent gains during today’s Asian session as the pair got as high as the 4035.80 level, after absorbing technical Resistance around the 4009.52 area, representing the 76.4% retracement of the 4056.33 – 3858.00 range. Price activity is now trading above 50-bar MA, 100-bar MA, and 200-bar MA on both Hourly and 4-Hourly charts. As noted in our 27 March 2019 analysis, traders tested the 3984.88 level without much resistance and are working to establish a base above the key technical level, representing the 61.8% retracement of the move from 4188.79 – 3655.00.
Technical Support is expected around 3815.17/ 3763.33/ 3684.13/ 3620.14 with Stops expected below.
Technical Resistance is expected around 4062.82/ 4111.39/ 4188.79/ 4239.37 with Stops expected above.
Upside price objectives remain around the 4163/ 4358/ 4673 levels.
On 240-minute chart, SlowK and SlowD have converged while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Ethereum
Ethereum (ETH/USD) continued to appreciate during the Asian session, trading as high as the 139.71 level, before some selling pressure emerged and pushed the pair back below the 138.00 figure. Today’s intraday High was just above the 139.57 area, representing the 38.2% retracement of the 127.19 – 147.23 range. Technicians are eyeing the 137.88 area during today’s pullback, representing the 38.2% retracement of the 122.75 – 147.23 range. ETH/USD is trading above 50-bar MA, 100-bar MA, and 200-bar MA on both 240-minute and 60-minute charts.
Technical Support is expected around the 134.56/ 129.34/ 128.53 levels with Stops expected below.
Technical Resistance is expected around the 140.89/ 141.45/ 143.05 levels with Stops expected above.
Downside price objectives remain around the 119.57 level.
On 240-minute chart, SlowK has Bearishly crossed below SlowD while MACD Bullishly remains above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD and MACD is Bearishly converging withMACDAverage.
Litecoin
Litecoin (LTC/USD) galloped higher and traded as high as the 61.50 level before some profit-taking emerged during the Asian session. Today’s intraday High was the pair’s strongest showing since 17 March and emerged after several attempts to climb above the 60.94 level, representing the 76.4% retracement of the 62.22 – 56.80 range, and a key level identified in our 27 March 2019 analysis. On a 4-Hourly chart, the 50-bar MA is around 59.32 and chartists are waiting to see if this level will provide technical Support. Interestingly, the 50-bar MA (59.32), 100-bar MA, and 200-bar MA are within USD 0.05 of each other on an Hourly chart.
Technical Support is expected around the 57.54/ 54.48/ 48.33 levels with Stops expected below.
Technical Resistance is expected around the 62.09/ 65.60/ 66.80 levels with Stops expected above.
Upside price objectives remain 74 level.
On 240-minute chart, SlowK and SlowD have converged while MACD remains Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD remains Bearishly below MACDAverage.
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) continued to rally during today’s Asian session, reaching an intraday High around the 172.99 area before coming off. Decent Stops were elected above the 171.41 level, representing the 38.2% retracement of the 73.22 – 232.10 range. BCH/USD continues to trade far above the 50-bar MA (159.79), 100-bar MA, and 200-bar MA on a 4-Hourly chart, and above the 50-bar MA, 100-bar MA (161.88), and 200-bar MA on an Hourly chart.
Today’s intraday High is the pair’s strongest showing since 2 January 2019.
Technical Support is expected around the 165.03/ 162.64/ 158.76 levels with Stops below.
Technical Resistance is expected around the 174.99/ 177.90/ 186.47 levels with Stops above.
Downside price objectives remain the 110 and 82 levels.
On 240-minute chart, SlowK and SlowD have Bearishly converged while MACD remains Bullishly above MACDAverage.
On 60-minute chart, SlowK has Bearishly crossed below SlowD while MACD has Bearishly crossed below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 26th March 2019

Bitcoin
Bitcoin (BTC/USD) depreciated to key technical Support that we exactly identified in our 24 March 2019 analysis, testing the 3858.00 figure after Stops were elected below the 3933.65 level, then the 100-bar MA on a 4-hourly chart. Stops were also triggered below the 3921 area, representing the 50% retracement of the 4188.79 – 3655.00 range, and also below the 200-bar MA (3889.47) on a 4-hourly chart. A pullback was seen early in the Asian session with traders again eyeing the 3921 level.
Additional BTC/USD weakness will spotlight the 3815 level, representing the 38.2% retracement of the 3128.99 – 4239.37 range, followed by the 3771.89 area, representing the 50% retracement of the 4414.89 – 3128.89 range.
Technical Support is expected around 3815.17/ 3763.33/ 3684.13/ 3620.14 with Stops expected below.
Technical Resistance is expected around 4062.82/ 4111.39/ 4188.79/ 4239.37 with Stops expected above.
Upside price objectives remain around the 4163/ 4358/ 4673 levels.
On 240-minute chart, Price activity is trading between the 100-bar MA (3933.88) and the 200-bar MA (3889.34). SlowK has Bullishly moved above SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, Price activity remains below the 50-bar MA (3954.86). SlowK is Bullishly above SlowD while MACD and MACDAverage are Bullishly converging.
Ethereum
Ethereum (ETH/USD) reclaimed some lost ground during the Asian session after traders took out Stops below the 132.87 level as identified in our 24 March 2019 analysis.  The pair got as Low as the 130.64 level before moving higher and seeking to establish a base around the 132.87 area. On a 4-hourly chart, the 100-bar MA is coming in around 135.31, leading to some speculation it could be tested if the 134.99 area is absorbed, representing the 50% retracement of the move from 122.75 to 147.23.
Technical Support is expected around the 129.34/ 128.53/ 126.82 levels with Stops expected below.
Technical Resistance is expected around the 137.52/ 140.61/ 141.45/ 143.05 levels with Stops expected above.
Downside price objectives remain around the 119.57 level.
On 240-minute chart, SlowK has Bullishly crossed above SlowD while MACD remains Bearishly below MACDAverage.
On 60-minute chart, Price activity is nearest the 50-bar MA (134.75). SlowK is Bullishly above SlowD while MACD has Bullishly crossed above MACDAverage.
Litecoin
Litecoin (LTC/USD) searched for fresh conviction after traders were able to trigger some light Stops below the 58.08 level, representing the 23.6% retracement of the move from 62.22 to 56.80. Stops were also reached below the 58.04 level, the 100-bar MA on a 4-hourly chart. Technicians are eyeing the 58.87 level on a move higher, representing the 38.2% retracement of the 62.22 – 56.80 range.
Technical Support is expected around the 57.54/ 54.48/ 48.33 levels with Stops expected below.
Technical Resistance is expected around the 60.15/ 62.09/ 66.80 levels with Stops expected above.
Upside price objectives remain 74 level.
On 240-minute chart, the 50-bar MA is now around 59.19.  SlowK and SlowD have Bearishly converged while MACD is Bearishly below MACDAverage.
On 60-minute chart, Price activity is trading below the 50-bar MA (59.15). SlowK has Bearishly crossed below SlowD while MACD and MACDAverage are converging.
Bitcoin CashBCH/USD (Bitcoin Cash/ US dollar) orbited some key technical levels during the Asian session after yesterday testing key technical Support around the 153.21 level, right around the 38.2% retracement of the 232.10 – 104.80 range and just above the key 152.83 technical Support level identified in our 24 March 2019 commentary.  The pair continues to hug the 158.72 level, representing the 50-bar MA on a 4-hourly chart.
Technical Support is expected around the 152.83/ 150.87/ 145.95 levels with Stops below.
Technical Resistance is expected around the 171.62/ 186.47/ 194.60 levels with Stops above.
Downside price objectives remain the 110 and 82 levels.
On 240-minute chart, SlowK and SlowD are converging and MACD remains Bearishly below MACDAverage.
On 60-minute chart, Price activity is below the 200-bar MA (158.80). SlowK is Bearishly diverging from SlowD and MACD has Bearishly crossed below MACDAverage.
Source: Crypto Daily

Sally Ho's Technical Analysis 24th March

BTC/USD (Bitcoin/ US dollar)
Bitcoin (BTC/USD) experienced some relatively light weakness early in Sunday’s European session as the pair again tested the 3961.62 level, a key technical level that represents the 23.6% retracement of the 3655.00 – 4056.33 range.  The level’s technical significance was confirmed on Thursday after Bears triggered heavy Stops that saw BTC/USD decline as low as 3915.14.
The pair has been trading in a relatively tight range that stated to form late Thursday after plumbing the 3915.14 area.  The psychologically-important 4000.00 figure has coincided with an area of technical Resistance around the 3998.82 level, representing the 61.8% retracement of the 4037.47 – 3936.30 range.
Technical Support is expected around 3858.91/ 3763.33/ 3684.13/ 3620.14 with Stops expected below.
Technical Resistance is expected around 4062.82/ 4111.39/ 4188.79/ 4239.37 with Stops expected above.
Upside price objectives remain around the 4163/ 4358/ 4673 levels.
On 240-minute chart, Price activity is now trading below the 50-bar MA (3982.15). SlowD is Bearishly above SlowK while MACDAverage remains Bearishly above MACD.
On 60-minute chart, Price activity remains below the 50-bar MA (3979.67). SlowD is Bearishly above SlowK and MACDAverage is Bearishly above MACD.
 
ETH/USD (Ethereum/ US dollar)
Ethereum (ETH/USD) is looking for fresh trading conviction through Sunday’s European session with the weekend’s High around 137.50, just below the 137.65 area, representing the 76.4% retracement of the 139.33 – 132.21 range. Technicians are curious if the pair can build a base above the 134.99 level, representing the 50% retracement of the 122.75 – 147.23 range.  Stops were elected on Thursday during the quick decline that saw 132.10 level tested, the 61.8% retracement of the same range.
On 4-hourly charts, ETH/USD is trading between the 50-bar MA (136.69) and the 100-bar MA (135.40).
Technical Support is expected around the 132.87/ 130.05/ 128.53 levels with Stops expected below.
Technical Resistance is expected around the 141.45/ 143.05/ 144.19 levels with Stops expected above.
Downside price objectives remain around the 119.57 level.
On 240-minute chart, SlowK and SlowD have converged while MACD and MACDAverage have also converged.
On 60-minute chart, Price activity is nearest the 50-bar MA (136.09). SlowD is Bearishly above SlowK while MACDAverage is Bearishly above MACD.
 
LTC/USD (Litecoin/ US dollar)
Litecoin (LTC/USD) exhibited weakness early in Sunday’s European session as the pair again moved below the 50-bar MA (59.58) on a 4-hourly chart. The weekend’s High of 61.00 figure was just above the 76.4% retracement of the recent 62.22 – 56.80 range and chartists are eyeing the 58.87 and 58.08 levels as downside targets related to that range.
Last week’s mid-week volatility saw the 56.80 level tested, just below the 23.6% retracement of the 39.60 – 62.22 range. A break below this level would technically open up the 54.65/ 53.58 levels.
Technical Support is expected around the 57.54/ 54.48/ 48.33 levels with Stops expected below.
Technical Resistance is expected around the 66.80/ 72.16/ 75.06 levels with Stops expected above.
Upside price objectives remain 74 level.
On 240-minute chart, the 100-bar MA is now around 57.78.  SlowD is Bearishly diverging from SlowK while MACD and MACDAverage appear to be Bearishly converging.
On 60-minute chart, Price activity is trading between the 50-bar MA (59.57) and the 100-bar MA (59.34). SlowD is Bearishly trading above SlowK while MACDAverage is Bearishly trading above MACD.
BCH/USD (Bitcoin Cash/ US dollar) printed this weekend at its Highest levels since early January, extending its recent run as a leading driver of range expansion in the cryptocurrency complex. Traders lifted the pair to the 168.90 level, stopping short of a run at the 171.62 level, representing the 38.2% retracement of the 73.22 – 232.44 range.
Technical Support is expected around the 152.83/ 150.87/ 145.95 levels with Stops below.
Technical Resistance is expected around the 171.62/ 186.47/ 194.60 levels with Stops above.
Downside price objectives remain the 110 and 82 levels.
On 240-minute chart, Price activity is nearest the 50-bar MA (156.94). SlowK remains Bearishly below SlowD while MACD remains Bullishly above MACDAverage.
On 60-minute chart, Price activity is nearest the 50-bar MA (160.24). SlowD is Bearishly above SlowK while MACD remains Bearishly below MACDAverage.
Source: Crypto Daily