After Trump mentioned that the Iran war might soon come to a close, BTCUSD climbed over $70000. Currently trading at about $70460, it has an intraday high of $71295.
|
Technicals |
CMP -$70488 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$68471 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$70533 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$75082 |
CMP < 365 EMA |
Bearish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $74000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
72.54 |
|
ADX |
Bullish |
Strength increased from 20.44 to 21.75 |
It is good to buy on dips around $67000 with SL around $64000 for a TP of $80000.
