BTCUSD pared some of its gains as demand for riskier assets decreased. It reaches an intraday low of $80475 and is currently trading at roughly $80685.
|
Technicals |
CMP -$80495 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$80329 |
CMP>55 EMA |
Bullish |
|
200- EMA |
$7722 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$75714 |
CMP>365 EMA |
Bullish |
Major support- $76000/ $74800/$74000/$73290/$70000.Minor bullishness only above $83000. Any break above targets $85890/$90000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
103.02 |
|
ADX |
Neutral |
|
It is good to buy on dips around $80000 with SL around $76000 for a TP of $90000.
