BTCUSD pared some of its gains on the escalation on geo political tension between the US and Iran. It hit an intraday low of $61688 and is currently trading around $61596.
|
Technicals |
CMP -$61596 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$62250 |
CMP>55 EMA |
Bearish |
|
200- EMA |
$63841 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$66535 |
CMP<365 EMA |
Bearish |
Major support- $57700/$52796. Minor bullishness only above $65000. Any break above targets $67000/$70000/$72200/$74950/$78000/$80000.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
45.02 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $63000 with an SL around $66000 for a TP of $50000.
