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ETHUSD trades above $2000 after hitting a low of $1964 . It reached intraday high of $2027 and is currently trading around $1999.80.
|
Technicals |
CMP -$1998 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2079 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$2179 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$2210 |
CMP <365 EMA |
Bearish |
Major support- $1900/$1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-121.50 |
|
ADX |
Neutral |
Strength increased from 27.29 to 29 |
It is good to sell on rallies around 2048-50 with SL around $2200 for a TP of $1700.
