Following a significant surge yesterday, ETHUSD is consolidating in a small range. It is presently ranging around $2314 following yesterday's high of $2417.
|
Technicals |
CMP -$2314.38 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2228 |
CMP >55 EMA |
Bullish |
|
200- EMA |
$2152 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$2201 |
CMP >365 EMA |
Bullish |
Major support- $1700/$1500. Minor bullishness only above $2400. Any violation above targets $2500/$2700/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
111.74 |
|
ADX |
Neutral |
|
It is good to buy on dips around $2280 with SL around $2150 for a TP of $2770.
