ETHUSD holds above $2100 as demand for riskier assets increases. The pair trades near $2127 after reaching a high of $2200.
|
Technicals |
CMP -$2127 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2007 |
CMP > 55 EMA |
Bullish |
|
200- EMA |
$2145 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$2381 |
CMP <365 EMA |
Bearish |
Major support- $1700/$1500. Minor bullishness only above $2200. Any violation above targets $2300/$2380/$2500.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
154.71 |
|
ADX |
Bullish |
Strength increased from 16.32 to 20.35 |
It is good to buy on dips around $2000 with SL around $1900 for a TP of $2380/$2500.
