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ETHUSD has traded flat with neutral bias for the past two weeks. Yesterday's low was $1905, and it is now trading near $1970.
|
Technicals |
CMP -$1970 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$1960 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$1997.50 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$2083 |
CMP < 365 EMA |
Bearish |
Major support- $1700/$1500. Minor bullishness only above $2100. Any violation above targets $2300/$2380.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Neutral |
2.26 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $2068-70 with SL around $2200 for a TP of $1750/$1500.
