ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target 
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FxWirePro- Woodies Pivot (Major) 
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JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum 
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Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish 
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ETHUSD pared some of its gains following the footsteps of BTC. It touched an intraday low of $2302 and is currently trading at approximately $2314.
|
Technicals |
CMP -$2314 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2327 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$2290 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$2273 |
CMP >365 EMA |
Bullish |
Major support- $2200/$1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-8.11 |
|
ADX |
Neutral |
Strength increased from 25.20 to 30.48 |
It is good to buy on dips around $2200 with SL around $2000 for a TP of $2770.
