Weak trades in ETHUSD follow Bitcoin. It is now trading close to $1820; its intraday low of $1811.
|
Technicals |
CMP -$1825 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$1887 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$1947 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$2016 |
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) |
Bearish |
-103.26 |
|
ADX |
Bearish |
Strength increased from 40.58 to 41.90 |
It is good to sell on rallies around $1948-50 with SL around $2100 for a TP of $1500.
