Following a 14-day truce pact between the United States and Iran, BTCUSD surged dramatically. Yesterday, it reached $72753 and is now trading around $71628.
|
Technicals |
CMP -$71652 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$68400 |
CMP> 55 EMA |
Bullish |
|
200- EMA |
$69153 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$71438 |
CMP >365 EMA |
Bullish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500. Any break above targets $74500/$76200/$80000/$85500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
236 |
|
ADX |
Bullish |
Strength increased from 26 to 31 |
It is good to buy on dips around $70000 with SL around $67000 for a TP of $80000.
