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BTCUSD showed a minor recovery as geo political tension eases. It hit an high of $61339 and is currently trading around $61208.
|
Technicals |
CMP -$61206 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$60497 |
CMP>55 EMA |
Bullish |
|
200- EMA |
$64306 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$67328 |
CMP<365 EMA |
Bearish |
Major support- $57700/$52796. Minor bullishness only above $63500. Any break above targets $67000/$70000/$72200/$74950/$78000/$80000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
32.40 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $63000 with an SL around $67000, for a TP of $50000.
