BTCUSD holds above $92000 due to an increase in institutional demand. It hits an intraday high of $93977 and is currently trading around $92925.
Oscillators and moving averages to forecast the trend of ETHUSD
CMP- $92915
EMA (1-hour chart)
55-EMA- $89908
200-EMA- $89530
365-EMA- $90672. The pair trades above the short and long-term moving averages.
Major Support - $90000. Any breach below $90000 will drag the pair down to $86000/$83000/$80000.
Major Resistance - $94300. Any break above $92000 confirms minor bullishness, a jump to $95415/$97400/$98500/$10000.
Indicators (60-min chart)
CCI(50)- Bullish
ADX- Neutral
5. Investment Strategy for ETHUSD
It is good to buy on dips around $91200-300 with a stop loss around $86000 for target profits of $100000/$107000.
