ETHUSD pared some of its gains following the footsteps of BTC. The pair trades near $2020.32 after reaching a high of $2200.
|
Technicals |
CMP -$2020 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2020 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$2141 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$2372 |
CMP <365 EMA |
Bearish |
Major support- $1700/$1500. Minor bullishness only above $2200. Any violation above targets $2300/$2380/$2500.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
55.99 |
|
ADX |
Neutral |
|
It is good to buy on dips around $2000, with a SL of $1900 and a TP of $2380/$2500.
