BTCUSD has been consolidating in a narrow range between $70937 and $66557 for the past three days. It hits an low of $66557 yesterday and is currently trading around $67621.
|
Technicals |
CMP -$67621 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$69029 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$76641 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$81935 |
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 |
-44.74 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $70000 with SL around $72280 for a TP of $65000/$64000.
