ETH/USD has produced a solid upwards climb the past day of trading and has touched the 1900.00 level in early trading today.

As of this writing ETH/USD is near the 1885.00 ratio and for the moment producing rather calm trading action. Obviously that could change in a heartbeat, and traders are urged to compare these musings to the market price as you begin to engage thoughts about speculating on Ethereum. The move upwards since the 13^th of July when ETH/USD was trading near the 1000.00 has been strong. Traders who have had the misfortune to be betting against ETH/USD the past four weeks have likely been hurt.

Four Weeks of Gains However Doesn’t Mean Dangerous Selloffs have disappeared

As speculators seemingly climb above the cryptocurrency bus again, and buy ETH/USD and BTC/USD they may be dreaming of large paydays once again. Day traders who are pursuing ETH/USD and not holding their wagers overnight however, may be facing a more difficult task unless they manage to ignite their positions quickly and are able to cash out winnings with selected take profit targets. ETH/USD was trading a low of nearly 1658.00 yesterday, this after achieving a high of nearly 1795.00 on the 9^th of August. Sudden volatility remains a staple of cryptocurrency speculation.

• The ability to surpass the 1900.00 level was significant earlier today, now speculators who are cautious will want to see ETH/USD sustain this vicinity.
• Traders are cautioned to use their risk management wisely to battle against sudden movements which are certain to occur.

Currently ETH/USD is challenging resistance last seen in the first week of June. Bullish cryptocurrency traders who have survived the long term bearish trend are likely celebrating their victory achieved the past four weeks of upside price momentum. This while skeptics may be looking at ETH/USD and be suspicious of a ‘bear trap’, meaning they are worried about being enticed to buy into the upwards trajectory which has been demonstrated, only to suffer a strong selloff via reignited nervous behavioral sentiment in the cryptocurrency sphere.

Can ETH/USD Climb above 2000.00 in the short term for Speculative Buyers?

Yes, ETH/USD can continue to climb and find enough buyers to propel it upwards and prove current resistance levels are only road signs to be ignored.  However, there is also a vivid chance ETH/USD could propel itself downwards again with a lightning bolt. If ETH/USD is able to sustain its current price ratio above the 1875.00 level it may appear attractive for a short term wager upwards. However – there are two however warnings in this last paragraph – price action in ETH/USD can change swiftly and if a downturn generates steam, support near the 1870.00 to the 1825.00 marks should be watched carefully. A move below 1800.00 that becomes sustained could wake up bearish traders.

Ethereum Short-Term Outlook

Current Resistance: 1910.00

Current Support: 1869.00

High Target: 2006.00

Low Target: 1756.00

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USDT/USD remains under its spoken 1.00 USD mark, and its inability to achieve this level for a while may be igniting speculative considerations.

USTD/USD is trading below 1.000. As the most important stable coin in the cryptocurrency world, Tether proclaims that it functions as a solid fundamental element within for digital assets allowing cryptocurrency businesses to transact USDT/USD with other cryptos to lock in value. However during the past month with the destruction of TerraUSD and its oblivion from the world of stable coins, questions have arisen regarding all the remaining stable coins including Tether.

USDT/USD though appears rather intriguing from a speculative viewpoint because it has found it difficult to achieve the 1.00 USD equilibrium on a steady basis since the 11^th of May. On the 12^th of May USDT/USD sank momentarily to a value of nearly 0.93960000 when fear was rampant in the cryptocurrency world, as a firestorm of selling engulfed the broad market and concerns about stable coins climaxed as TerraUSD failed.

From a speculative consideration USDT/USD is difficult to trade because a lot of leverage will likely be needed by a day trader to get a worthwhile result if they do not have hundreds of thousands of dollars in their account to use, even if the trade moves in the intended direction the trader wants. Entry price orders must be used to make sure fractional differences are fulfilled and there are no unexpected price fills. Also, Tether moves as slow as a snail, so fast results cannot be anticipated. Patience and the ability to withstand the fatigue of transactions costs via overnight trading of USDT/USD would have to be needed too.

Simply put if a speculator wants to sell USDT/USD because they think the so called stable coin can fall further in value, they might be right, but the trader may not have enough time to make the trade profitable because they will likely have to give up before a positive result can be made.   However, if a trader has deep pockets, time and understands the costs involved in speculating on USDT/USD there could be an opportunity to wager on further downside momentum. Folks, this is why hedge funds are the community who is mostly trying to short Tether, they have the money and the time to pursue this option.

Traders who cannot actually speculate on USDT/USD however can use Tether to their advantage. USDT/USD serves as an interesting barometer of the broad cryptocurrency market. The inability of Tether to seriously trade near 1.00000000 in the past few weeks is rather startling and indicates the bearish market has not disappeared in cryptos. As long as USDT/USD remains under the 1.00000000 ratio, it may be a sign selling will remain the stronger force in the digital asset world.

Current Resistance: 0.999371000

Current Support: 0.99890000

High Target: 0.99960000

Low Target: 0.99850000

BNB/USD was able to move to a five day high early this morning, and this incremental climb may attract speculative wagers on the buy side, or not.

BNB/USD is trading near the 333.5000 mark as of this writing.  Earlier this morning Binance Coin moved to a high not seen since the 10^th of May when BNB/USD actually hit the 338.2000 vicinity. The ability to break through highs seen on the 23^rd of May, when BNB/USD hit the 337.2500 ratio may get the pulse of speculative bulls racing, but it may attract skeptics too.

Before traders who remain optimists about the potential of buying BNB/USD, this if they consider the cryptocurrency in oversold territory, some words of warning: we are still within a bear market until proven otherwise.  The sudden rise in value of BNB/USD has come on the heels of an incremental climb which technically could be important if the broad cryptocurrency market were to suddenly turn around in mass, and start showing sincere price velocity upwards breaking resistance levels across the board, but it has not.

Skeptics who remain doubtful of BNB/USD and its price direction may view the recent climb higher as an opportunity to be sellers again. Traders are advised not be contrarian all of the time, sometimes moves higher can ignite into powerful trends in cryptocurrencies, but recent history has demonstrated that these moves upward have met stiff resistance and turned lower with dangerous volatility.

While bullish traders may respectfully disagree, BNB/USD would have to break the 340.0000 mark to really get folks to believe there is a chance that momentum is shifting. Technically, it can be argued that BNB/USD would actually have to break the 350.0000 ratio to verify a strong move higher, until this happens what we may be witnessing are mere short term reversals in a cryptocurrency market that remains choppy at best. The long term bearish trend remains intact for now and market conditions are still very fragile.

If BNB/USD falters and drops below the 333.0000 level near term another test of the 331.0000 mark could develop rapidly. Traders who want to sell and believe resistance will start to prove durable within the current price realm of Binance Coin are advised to use their risk taking tactics wisely. The cryptocurrency market remains volatile and sudden moves could develop quickly. The use of entry price orders and stop losses are needed. Selling BNB/USD and looking for lower values near term may be the speculative wager traders want to pursue still.

Binance Coin Short-Term Outlook

Current Resistance: 336.8100

Current Support: 331.9000

High Target: 340.2300

Low Target: 323.1000

BNB/USD has demonstrated a serious amount of choppiness the past five days and its volatile results are not likely to end soon, creating speculative opportunities.

Day traders who enjoy a speculative wager with quick hitting results may be tempted to look at BNB/USD.  The results in Binance Coin the past week of trading have been choppy, and while they have mirrored many of the major cryptocurrencies, BNB/USD also famously marches to its own drumbeat. As of this writing BNB/USD is below the 392.0000 ratio and conditions are fast.

In late trading last night BNB/USD slipped to nearly 380.0000 and then reversed higher.  Because of its relatively large value per coin, BNB/USD may not produce the rapid fire percentage changes some speculators crave. Yet with a limited amount of leverage and the fact that solid volumes often create swift changes in value, Binance Coin remains a favorite of traders while searching for rapid outcomes.

Moves of a couple of USD within a few minutes are common in BNB/USD, and traders are urged to use entry price orders when wagering to make sure their fills meet expectations. Day traders looking for quick results can use take profit and stop loss orders, and produce results within a limited amount of time that some may find quite attractive. While behavioral sentiment in the cryptocurrency market remains nervous, choppy displays of value have become commonplace the past few days.

BNB/USD is within sight of one month lows, and those depths were actually created late last night.  While the reversal upwards in the past handful of hours may be tempting for speculative bulls to dream of higher prices, the move upwards may also tempt traders to believe another leg down may be exhibited rather soon too via another reversal.

The 390.0000 support level should be watched carefully, if this juncture fails to hold back selling pressure another swift burst of downward pressure may mount. Binance Coin is a major cryptocurrency which certainly can be a barometer of market sentiment due to its use as a utilitarian digital asset to trade other cryptocurrencies. Support levels are still be within sight of technical traders. If mid-March values in BNB/USD near the 380.0000 were to suddenly become vulnerable this would certainly add to nervousness.

Choppy technical conditions in the short term will certainly lead some traders to chase nearby support and resistance levels. However traders should be cautious about violent moves downwards. From a risk reward perspective there appears to be a greater chance for a larger amount of selling to be produced near term, compared to a sudden thrust upwards which penetrates distant resistance levels.

Binance Coin Short-Term Outlook

Current Resistance: 392.0700

Current Support: 388.6500

High Target: 401.1000

Low Target: 381.2900

USDT/USD has traded in its typical tight range the past five days, achieving a high on the 1^st of April and then having reversed slightly lower

USDT/USD looks like it remains in its regular tight range as Tether serves as a ‘stable coin’ for the broad cryptocurrency market. With its price hovering fractionally higher and sometimes traversing incrementally lower, there is not much volatility and day traders could frankly become bored to tears trying to pursue the important digital asset as a wager.

On the 1^st of April, USDT/USD moved up to the almost remarkable price of 1.0006000 and has since traded lower.  The price of Tether as of this writing is near the 1.00020000 level as USDT/USD continues to trade slightly above its 1.00000000 ratio which serves as its ‘cornerstone’ regarding its ‘promise’ to work as a stable coin in the volatile world of cryptocurrency, thus providing ‘assured’ value.

However, and very curiously, the Wall Street Journal published an article this weekend that states there is ‘known’ short selling activity being reported in USDT/USD by some large hedge funds. The article in the WSJ states that some investors feel the value of Tether is prone to a potential loss of value because of rather less than transparent financial infrastructure.

Tether has a history of having its value questioned before, in fact its parent company was taken to court in the U.S by regulators who questioned the financial accounting of the company and a fine was issued.   However, USDT/USD continues to tread the 1.00000000 ratio very comfortably and as pointed out above only a few days ago managed a rather polite high. Speculators who participate in USDT/USD need to have patience and the ability to absorb the potential costs via their transactions, which could outweigh the benefits of profits being made by trading Tether. Wagering on USDT/USD should be done by experienced traders who can manage their risk and leverage well. The question of stamina is also vital, because if a trader wants to pursue a position which tries to mirror a hedge fund, timeframes will be much longer than a mere near term trade.

Traders who want to wager on downside price action in USDT/USD today potentially being created because of the possible noise the Wall Street Journal article published yesterday cannot be blamed. However, speculators should note that negative shadows regarding news have had little effect on USDT/USD in the past, and this time may prove to be no different in the short term. If a speculator chooses to sell USDT/USD they should buy near perceived resistance levels and use strict price orders for take profit targets.

Current Resistance: 1.00041000

Current Support: 1.00020000

High Target: 1.0050000

Low Target: 0.99990000

DOGE/USD has been able to achieve gains the past two weeks of trading, but short-term selling has been seen due perhaps to profit taking.

DOGE/USD is trading near 14 and a quarter cents as of this writing. On the 28^th of March, DOGE/USD was able to climb above the 15 cents juncture, but Dogecoin has seen a reversal lower occur as some speculators may be cashing out and taking profits. DOGE/USD has done a relatively solid job of maintaining its gains the past two weeks and has incrementally climbed. On the 14^th of March DOGE/USD was trading near 11 cents.

Intriguingly DOGE/USD has not been able to challenge mid-term resistance like many of its major counterparts in the broad cryptocurrency market.  This may be a sign that DOGE/USD has lost some of it speculative zeal and has been replaced by other ‘favorites’ where traders pursue volatility. However, even if this is true, the current value of DOGE/USD may prove to be an opportunity for bullish speculators if they believe DOGE/USD remains in oversold territory.

While Dogecoin offers no real utilitarian use except for wagers on direction, DOGE/USD still serves a barometer regarding broad cryptocurrency market sentiment.  On the 13^th of February DOGE/USD was trading near the 15.75000000 level and continued to trend down from there and put in lows on the 24^th of February near 10.50000000. Since then DOGE/USD had traded in range, largely between 11 and 13 cents.

However since the 14^th of March, DOGE/USD has mirrored its major digital asset counterparts and mounted a steady move upwards.  Yes, there have been reversals lower, but incrementally DOGE/USD has gained, and on the 26^th of March Dogecoin was able to trade above 14 cents for the first time since the third week of February. The ability to climb above 15 cents two days later continued its climb. Profit taking in DOGE/USD is a legitimate concern, because many short term traders are certainly willing to cash in profits if they have made 10% or more on a move.

If DOGE/USD is able to maintain its 14 cents ratio and build consolidation in the short term, traders cannot be blamed for believing more upside price action is possible.  Buying DOGE/USD on slight reversals lower and looking for higher moves is a potentially worthwhile wager. Entry price orders are needed with DOGE/USD to guard against ‘odd’ fills. Looking for upside action to 14 and half cents and perhaps even a retest of 15 cents with Dogecoin near term may prove to a good speculative decision.

Dogecoin Short-Term Outlook

Current Resistance: 0.14430000

Current Support: 0.14070000

High Target: 0.15200000

Low Target: 0.13850000