for eth/usdt 4 hour is ~16.45, daily for eth/usdt is ~0-1...which suggests we could see a huge climb
However, Ethereum network transactions are supposedly clogging up. I do not see any significant events related to EEA coming up.
Another thing is we have tk-cross.
50-200 on 1 hour
soon 50-200 on 2 hour
price is in bottom part of 4 hour cloud, but is barely hanging in on the 4 hour.
If we have a clear 4 hour candle outside of cloud, then i think its going to .1 to .108.
OTOH, it could also rocket up due to daily . We should see if it breaks the long term (trend) support line on daily. Right now it just appears to be bouncing off and may very well rocket up.
If you are going to trade I would put in your stops and maybe trade light until we know for sure which way its going.
If price goes out top of cloud or we see a tk-cross below cloud, I would go long.
Fundamentals and news is right now. I think they will trump TA at this moment.
TA says it can go either way pretty hard. Guys, let me know your thoughts in comments.
stoch rsi on 4 hour and daily says way oversold...however news is bearish.
I expect support to be found around .086 to .1 range. My best guess would be .095 to .10 btc/eth
Scenario 1: think support will be ~.0917 (lower channel).
Scenario 2: support will be ~.086
RSI levels can fall more and news is not bullish.
"Due to ongoing network instability, we've disabled Ethereum deposits/withdrawals. We'll enable once we know the network is functioning properly.Posted by MobyDick at 2017-06-22 17:50:35"
That to me says we can see eth/btc potentially fall further or bounce up and down off 4 hour 200 ema (~.108).
Lowest risk position would be to have a short position originating at or above 200 ema in case we break below ~.0917.