ETHUSD gained above $1950 as demand for riskier assets increases. It reached intraday high of $2000 and is currently trading around $1996.
|
Technicals |
CMP -$1996 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$1895 |
CMP>55 EMA |
Bullish |
|
200- EMA |
$1875 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$1872 |
CMP >365 EMA |
Bullish |
|
800-EMA |
$1979 |
CMP>800 EMA |
Bullish |
Major support- $1800/ $1500/$1200/$1000. Minor bullishness only above $2000. Any violation above targets $2300/$2500/$2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
186.16 |
|
ADX |
Neutral |
Strength increased from 13.54 to 17.61 |
It is good to buy on dips around 1950, with SL around $1800 for a TP of $2300/$2500
