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BTCUSD trades weak as demand for safe-haven assets increases. It hits an intraday low of $64258 and is currently trading around $66386.
|
Technicals |
CMP -$66386 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$67953 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$74299 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$79870 |
CMP < 365 EMA |
Bearish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-210 |
|
ADX |
Bearish |
Strength increased to 18.02 from 15 |
It is good to sell on rallies around $70000 with SL around $72280 for a TP of $65000/$64000.
