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Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900

Following the lead of BTC, ETHUSD trades under $2100. It reached a high of $2139 yesterday and is currently trading around $2095.

Technicals

CMP -$2095

Trend

4- Hour chart

Value

 

 

55 EMA

$2129

CMP<55 EMA

Bearish

200- EMA

$2209

CMP <200- EMA

Bearish

365- EMA

$2230

CMP <365 EMA

Bearish

 Major support- $2000/$1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-55.77

ADX

Neutral

 

 

It is good to sell on rallies around 2128-30, with an SL around $2210, for a TP of $1900.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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