By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Philippine president’s allies on course for most available Senate seats in election 
    Philippine president’s allies on course for most available Senate seats in election 
    May 12, 2025
    Zelenskyy agrees to meet Putin
    Zelenskyy agrees to meet Putin
    May 12, 2025
    Pope Leo calls for end to polarising ‘war of words’ in address to media | World News
    Pope Leo calls for end to polarising ‘war of words’ in address to media | World News
    May 12, 2025
    Assessing Putin and the ‘Axis of Authoritarians’
    Assessing Putin and the ‘Axis of Authoritarians’
    May 12, 2025
    Kurdish PKK to disband, potentially ending decades of conflict in Turkiye | News
    Kurdish PKK to disband, potentially ending decades of conflict in Turkiye | News
    May 12, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Is VET poised for a 300% surge?
    Is VET poised for a 300% surge?
    May 12, 2025
    Cardano bulls set eyes on  as institutional adoption grows amid BTC integration
    Cardano bulls set eyes on $1 as institutional adoption grows amid BTC integration
    May 12, 2025
    Sonic Labs Announces M Token Sale to Galaxy for U.S. Expansion
    Sonic Labs Announces $10M Token Sale to Galaxy for U.S. Expansion
    May 12, 2025
    นักวิเคราะห์ลั่นอย่าพลาด Dogecoin จะเด้งแบบพาราโบลาสัปดาห์หน้า!
    นักวิเคราะห์ลั่นอย่าพลาด Dogecoin จะเด้งแบบพาราโบลาสัปดาห์หน้า!
    May 12, 2025
    Zcash (ZEC) Tops Key Supply Zone. What Next for the Privacy-Focused Token?
    Zcash (ZEC) Tops Key Supply Zone. What Next for the Privacy-Focused Token?
    May 12, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: BTC/USD 22793 Major Downside Target: Sally Ho’s Technical Analysis – 24 August 2023
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Cryptocurrency > BTC/USD 22793 Major Downside Target: Sally Ho’s Technical Analysis – 24 August 2023
BTC/USD 22793 Major Downside Target: Sally Ho’s Technical Analysis – 24 August 2023
Cryptocurrency

BTC/USD 22793 Major Downside Target: Sally Ho’s Technical Analysis – 24 August 2023

Published August 23, 2023
Share
3 Min Read
SHARE

BTC/USD 22793 Major Downside Target:  Sally Ho’s Technical Analysis – 24 August 2023

Bitcoin (BTC/USD) continued to experience expanding volatility early in the Asian session as the pair hovered around the 26000 figure after trading as low as the 25350 area, representing a test of the 23.6% retracement of the recent appreciating range from 24750 to 25537.40.   Upward pressure then lifted BTC/USD to the 26180.54 area, representing a test of the 23.6% retracement of the wider appreciating range from 24750 to 26589.41.   The recent fresh multi-month low around the 25234.76 area represented a test of a major downside price objective around the 25128.94 area that is associated with selling pressure that increased around the 31862.21 and 30421.29 levels in July.   Major Stops were elected below the 27620.46 area during the decline, another downside price objective linked to recent downward pressure around the 30222 and 29665.27 areas.  Major Stops were also elected below the 27991.29 area, representing the 23.6% retracement of the broader appreciating range from 15460 to 31862.21.  

Areas of technical support and potential buying pressure in appreciating ranges from the 15460 and 19568.52 levels include the 23661, 22793, and 21725 levels.   Following recent selling pressure, areas of technical resistance and potential selling pressure include the 26798, 27139, 27728, 27766, 28316, 28548, 29154, 29330, and 30443 levels.  Above the market, upside price objectives include the 30526, 30611, 30762, and 31145 areas.  Upside price objectives related to other levels of buying pressure include the 32125 and 33569 areas, and Stops are cited above additional upside price objectives around the 32043, 34531, 34658, and 35912 areas.   Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 27110.97 and the 50-bar MA (Hourly) at 26008.43.

Technical Support is expected around 24440.41/ 23270.10/ 22769.39 with Stops expected below.

Technical Resistance is expected around 31986.16/ 32989.19/ 34658.69 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 below MACDAverage.                                   

View Yesterday’s Trading Analysis


Disclaimer: Sally Ho’s Technical 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.

#BTCUSD #Major #Downside #Target #Sally #Hos #Technical #Analysis #August

TAGGED:AnalysisAugustBTCUSDDownsideHosMajorSallytargettechnicalYears
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Vanessa Bryant Sends Message to Late Husband Kobe Bryant on 45th B-Day Vanessa Bryant Sends Message to Late Husband Kobe Bryant on 45th B-Day
Next Article Tulane aims to back up storybook season and repeat in newly expanded American Athletic Conference Tulane aims to back up storybook season and repeat in newly expanded American Athletic Conference
- Advertisement -

Latest Post

Philippine president’s allies on course for most available Senate seats in election 
Philippine president’s allies on course for most available Senate seats in election 
World News
Is VET poised for a 300% surge?
Is VET poised for a 300% surge?
Cryptocurrency
Cardano bulls set eyes on  as institutional adoption grows amid BTC integration
Cardano bulls set eyes on $1 as institutional adoption grows amid BTC integration
Cryptocurrency
Zelenskyy agrees to meet Putin
Zelenskyy agrees to meet Putin
World News
Sonic Labs Announces M Token Sale to Galaxy for U.S. Expansion
Sonic Labs Announces $10M Token Sale to Galaxy for U.S. Expansion
Cryptocurrency
Pope Leo calls for end to polarising ‘war of words’ in address to media | World News
Pope Leo calls for end to polarising ‘war of words’ in address to media | World News
World News
- Advertisement -

You Might Also Like

Crypto could learn about whistleblowers from the SEC
Cryptocurrency

Crypto could learn about whistleblowers from the SEC

February 17, 2024
Why These Cryptos Will Lead the Next Bull Run and How to Profit
Cryptocurrency

Why These Cryptos Will Lead the Next Bull Run and How to Profit

June 14, 2024
Dogecoin, Shiba Inu, And Cardano Relisted By Canadian Crypto Exchange
Cryptocurrency

Dogecoin, Shiba Inu, And Cardano Relisted By Canadian Crypto Exchange

January 28, 2024
Margex Announces Integration of TON (Toncoin) for Deposits and Withdrawals
Cryptocurrency

Margex Announces Integration of TON (Toncoin) for Deposits and Withdrawals

August 3, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?