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Following the lead of BTC, ETHUSD found support close to the psychological support level of $2000 and displayed a small rebound. Yesterday it hit a low of $2006, and right now it's selling at about $2116.45.
|
Technicals |
CMP -$2116 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2134 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$2215 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$2233 |
CMP <365 EMA |
Bearish |
Major support- $2000/$1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-59.66 |
|
ADX |
Neutral |
|
It is good to buy on dips around $2000 with SL around $1700 for a TP of $2770.
