BTCUSD trades above the 800-H EMA after a long consolidation. It hit an intraday high of $64596 and is currently trading around $64391.
|
Technicals |
CMP -$64391 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$62250 |
CMP>55 EMA |
Bullish |
|
200- EMA |
$62542 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$62339 |
CMP>365 EMA |
Bullish |
|
800-EMA |
$63708 |
CMP<Vaue |
Bullish |
Major support- $57700/$52796. The pair has held above the 800.-EMA for the past few candles. This confirms a bullish trend and a jump to $67700/$70000/$72200/474950.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
159 |
|
ADX |
Bullish |
Strength increased from 26.69 to 36 |
It is good to buy on dips around $63000 with an SL around $59700 for a TP of $74900.
