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ETH-USD

ETHUSD: Possible Scenarios for projected BTC DipETH is showing positive signs for an upward trend, and is now in its 5th wave up. Context: BTC is in its 4th wave recovery, and may look to move down once it hits between 13.5 - 14.5 USD (have linked estimate below for BTCUSD). Interestingly, the projected dip for BTC is estimated around 31st Jan and coincides with ETH crossing possible resistance lines at S2. Considering previous reaction to BTC drop (shown by the long red drop), conservative estimate would be either a drop or stabilisation of ETH at S2, before either a strong move down to S3 or a slow recovery and move up to S1. S1 shows best case scenario, with minimal effect from BTC dip. Market Speculation: significant numbers hedged in Tether on the previous drop, but considering the current negative press around Tether, we could see people looking to hedge in ETH or other coins. This is speculatory, but could see value held in ETH which would sustain a hold at S2 or move to S1. Opinion not advice Comments welcome - 1B2rBfu9X4nms6EtuQWDQuNy87Jn9hYkJs for bitcoin 3.69% 2.60% donations if you find this helps, and want to spread the love!
BITFINEX:ETHUSDLong
by HODLBro
Ethereum testing major resistance area!Ethereum is now testing our major resistance area at 717 to 748 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance area, bearish price action) and a strong drop could occur at this level to push price to at least 583 support (Fibonacci retracement, horizontal swing low support). Our next major level of resistance is at 809 (Fibonacci retracement, horizontal breakout resistance level). Stochastic (34,5,3) is seeing strong resistance below 97% where a corresponding drop could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
BITFINEX:ETHUSDShort
by Tickmill
2
ETHUSD Range trading whilst DXY ralliesETHUSD Range trading whilst DXY rallies Dollar strength today is forcing Alts onto a back foot. See DXY charts and comments to get a better handle on when to trade these, needing DXY weakness to really thrive with the tail- wind behind them. But when this littel dollar counter-rally ends DXY should fall back to 91, over 2% from here and give the Alts a big boost at that point. We are long here from 463 (stops just 2 points below) but it's struggling...look to take the meagre 2% profit at 473. These 9 or 10 points can then be used as stops for the next trade,which will trigger on a break above the dynamic coming off the recent high..as usual we need to see a decent break at that point, greencandles, increased volume to know it's good, surviving any retest of the line from above once broken. Then it will have to break above 477 and that longer term dynamic which is currently arresting any chance of meaningful advance form here. Once it can manage that ETH should run free - a good place to either enter long or increase if not already in. But until we see that ETH is likely to drift, a sell/take profits from 473 and and a buy again at 463. Range trading for day traders here working between the lines, which seem to be working quite well on this pair.
BITTREX:ETHUSD
by sumastardon