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ETHUSD formed a double bottom around $1500 an showed a minor pullback. It reached intraday high of $1656 and is currently trading around $1655.
|
Technicals |
CMP -$1655 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$1603 |
CMP>55 EMA |
Bullish |
|
200- EMA |
$1607 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$1637 |
CMP >365 EMA |
Bullish |
Major support- $1500/$1200/$1000. Minor bullishness only above $1900. Any violation above targets $2300/$2500/$2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
151.36 |
|
ADX |
Bullish |
Strength increased from 22.30 to 24.92 |
It is good to buy on dips around 1500 with SL around $1300 for a TP of $1900/$2300.
