BTCUSD trades higher on improved institutional demand...It hits an intraday high of $75181 and is currently trading at about $74721.
|
Technicals |
CMP -$74012 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$72387 |
CMP> 55 EMA |
Bullish |
|
200- EMA |
$70565 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$71752 |
CMP< 365 EMA |
Bullish |
Major support- $70000/$67000/$64000/$60000/$52500/$50000. Minor bullishness only above $76200. Any break above targets $80000/$85500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
119.32 |
|
ADX |
Neutral |
|
It is good to buy on dips around $73000 with SL around $70000 for a TP of $80000.
