{"id":108546,"date":"2021-01-15T16:13:26","date_gmt":"2021-01-15T16:13:26","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108546"},"modified":"2021-01-15T16:13:26","modified_gmt":"2021-01-15T16:13:26","slug":"eth-usd-tests-1255-46-technical-resistance-sally-hos-technical-analysis-15-january-2021-eth","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/ethereum\/eth-usd-tests-1255-46-technical-resistance-sally-hos-technical-analysis-15-january-2021-eth\/","title":{"rendered":"ETH\/USD Tests 1255.46 Technical Resistance: Sally Ho’s Technical Analysis 15 January 2021 ETH"},"content":{"rendered":"
Ethereum (ETH\/USD<\/strong>) drifted lower <\/strong>early in today’s North American<\/strong> session as the pair came off <\/strong>to the 1193.55<\/strong> area after trading as high<\/strong> as the 1255.59 level<\/strong> during the Asian <\/strong>session, with the intraday high<\/strong> representing a test<\/strong> of the 78.6% retracement<\/strong> of the recent depreciating range<\/strong> from 1350.88<\/strong> to 905.00<\/strong>. Traders drove ETH\/USD<\/strong> as low<\/strong> as the 1174.06<\/strong> area during the European<\/strong> session, with that intraday low<\/strong> representing a test <\/strong>of the 50% retracement<\/strong> of the recent appreciating range<\/strong> from 1058.32<\/strong> to 1291.94<\/strong>. An important technical level<\/strong> that chartists are watching is the 37249.25<\/strong> area, representing the 23.6% retracement<\/strong> of a broader appreciating range<\/strong> from 21913.84<\/strong> to 41986.37<\/strong>. If ETH\/USD<\/strong> is able to extend<\/strong> its recent comeback <\/strong>further, some immediate area of potential technical resistance<\/strong> include the 1381.03<\/strong>, 1439.98<\/strong>, 1582.86<\/strong>, and 1665.31<\/strong> areas. If ETH\/USD<\/strong> weakens and returns to its pullback lower<\/strong>, downside retracement<\/strong> areas and additional levels<\/strong> of potential technical support<\/strong> include the 976.37<\/strong>, 954.16<\/strong>, 941.22<\/strong>, 917.03<\/strong>, 915.48<\/strong>, 902.24<\/strong>, 895.33<\/strong>, 869.22<\/strong>, 860.69<\/strong>, 856.83<\/strong>, 844.44<\/strong>, 831.94<\/strong>, 828.97<\/strong>, 812.73<\/strong>, 783.02<\/strong>, 770.03<\/strong>, 763.66<\/strong>, 750.28<\/strong>, 745.01<\/strong>, and 723.97<\/strong> areas. <\/p>\n During ETH\/USD’s<\/strong> recent move higher<\/strong> to multi-year highs<\/strong>, Stops<\/strong> were recently elected above<\/strong> the 1072.78<\/strong>, 1133.44<\/strong>, 1163.93<\/strong>, 1176.28<\/strong>, 1225.30<\/strong>, and 1230.73<\/strong> areas, and selling pressure intensified below<\/strong> these areas during the pullback<\/strong>. Notably, these levels<\/strong> represented technically significant<\/strong> upside price objectives<\/strong> related to historical buying pressure<\/strong> around the 215.16<\/strong>, 625.01<\/strong>, 370.50<\/strong>, 480.08<\/strong>, 530.32<\/strong>, and 310.79<\/strong> areas. Strong Stops<\/strong> were also recently elected above<\/strong> the 819.23<\/strong>, 877.81<\/strong>, and 879.23 levels<\/strong> during the sharp climb<\/strong>, upside price objectives<\/strong> also related to previous buying activity<\/strong> around the 625.01<\/strong> and 530.32<\/strong> areas, and traders are curious to see how price activity reacts around these levels<\/strong>. Traders are observing<\/strong> that the 50-bar MA (4-hourly)<\/strong> is bullishly indicating above<\/strong> the 100-bar MA (4-hourly)<\/strong> and above <\/strong>the 200-bar MA (4-hourly).<\/strong> Also, the 50-bar MA (hourly)<\/strong> is bearishly <\/strong>indicating below <\/strong>the 200-bar MA (hourly)<\/strong> and above <\/strong>the 200-bar MA (hourly)<\/strong>.<\/p>\n Price activity is nearest the 50-bar MA<\/strong> (4-hourly) at 1170.00 <\/strong>and the 200-bar MA<\/strong> (Hourly) at 1170.62.<\/strong><\/p>\n Technical Support <\/strong>is expected around 792.40\/ 766.54\/ 729.88 <\/strong>with Stops<\/strong> expected below.<\/p>\n Technical Resistance<\/strong> is expected around 1381.04\/ 1419.96\/ 1439.98 <\/strong>with Stops <\/strong>expected above.<\/p>\n On 4-Hourly<\/strong> chart, SlowK<\/strong> is Bearishly below SlowD<\/strong> while MACD<\/strong> is Bullishly above MACDAverage<\/strong>.<\/p>\n On 60-minute<\/strong> chart, SlowK<\/strong> is Bearishly below SlowD<\/strong> while MACD<\/strong> is Bearishly below MACDAverage<\/strong>.<\/p>\n <\/p>\n Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.<\/p>\n Related TAGS: <\/p>\n You can share this post!<\/p>\n