As the market awaits more developments in US-Iran ceasefire negotiations, BTCUSD cut some of its gains. Yesterday it reached $79490; now it trades at roughly $77782.
|
Technicals |
CMP -$77868 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$76978 |
CMP> 55 EMA |
Bullish |
|
200- EMA |
$73679 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$73323 |
CMP< 365 EMA |
Bullish |
Major support- $74800/$74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $80000. Any break above targets $85890/$90000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
59.65 |
|
ADX |
Neutral |
|
It is good to buy on dips around $75000 with SL around $724000 for a TP of $84490.
