ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target 
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Following Bitcoin's example, ETHUSD gained above $2050. The pair trades near $2059.40 after reaching an intraday high of $2066.
|
Technicals |
CMP -$2058 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$1982.40 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$1971.40 |
CMP > 200- EMA |
Bullish |
|
365- EMA |
$1989 |
CMP >365 EMA |
Bulllish |
Major support- $1700/$1500. Minor bullishness only above $2150. Any violation above targets $2300/$2380/$2500.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
127.94 |
|
ADX |
Bullish |
Strength increased from 11 to 15 |
It is good to buy on dips around $2000 with SL around $1900 for a TP of $2380/$2500.
