BTCUSD s is consolidating in a narrow range between $65516 and $57775 for the past two weeks. It hit an intraday high of $63390 and is currently trading around $63644.
|
Technicals |
CMP -$63644 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$63067 |
CMP>55 EMA |
Bullish |
|
200- EMA |
$62039 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$62044 |
CMP>365 EMA |
Bullish |
Major support- $57700/$52796. Minor bullishness only above $63500. Any break above targets $67000/$70000/$72200/$74950/$78000/$80000.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
57.40 |
|
ADX |
Neutral |
|
It is good to buy on dips around $60000 with an SL around $57700, for a TP of $74950.
