ETHUSD trades below $1700 following the footsteps of BTC. It reached intraday high of $1683.69 and is currently trading around $1668.
|
Technicals |
CMP -$1669 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$1704 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$1932 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$2043 |
CMP <365 EMA |
Bearish |
Major support- $1500/$1380/$1200. Minor bullishness only above $1750. Any violation above targets $1900/$2000/$2240/$2500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
30 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $1748-50 with SL around $2000 for a TP of $1380/$1200
