ETHUSD has been consolidating in a narrow range between $2150 and $1742 for the past 2 weeks. Yesterday's high was $2038, and it is now trading near $1964.51.
|
Technicals |
CMP -$1964.51 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$1976.96 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$2011 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$2102 |
CMP < 365 EMA |
Bearish |
Major support- $1700/$1500. Minor bullishness only above $2150. Any violation above targets $2300/$2380.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-45.72 |
|
ADX |
Neutral |
Strength - 10.42. Declined from 11.55 |
It is good to sell on rallies around $2068-70 with SL around $2200 for a TP of $1750/$1500.
