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Crypto rebounds stalling at resistance – ETHBTC remains noteworthy

Apr 15, 2020 • 2 Min Read
Author
Robert Sluymer
Robert Sluymer

What’s changing technically for crypto currencies?
After rebounding from deeply oversold levels in March, most cryptocurrencies are stalling under technical resistance coinciding with declining 50- and 200-dma’s. Given the long-term uptrend for BTC remains intact, our expectation is for the current pullback to be relatively shallow over the coming 1-2 weeks.

BTC stalling under declining 50- and 200-dma’s BTC is stalling short-term under heavy technical resistance between 7-8K which coincides with a 50-62% retracement of the Q1 collapse and declining 50- and 200-dma’s. Slide 5 Interest...

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