BTCUSD showed a minor sell-off as geopolitical tension escalates.It reached an intraday low of $67513, and is currently trading around $67685.
|
Technicals |
CMP -$67637 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$70180 |
CMP< 55 EMA |
Bearish |
|
200- EMA |
$70636 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$73267 |
CMP <365 EMA |
Bearish |
Major support- $67000/$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) |
Bearish |
-116.83 |
|
ADX |
Neutral |
|
It is good to buy on dips around $67000 with SL around $64000 for a TP of $80000.
