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BTCUSD is consolidating in a narrow range and struggling to close above $70000. It hits an high of $70089 yesterday and is currently trading around $67769.
|
Technicals |
CMP -$67769 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$69433 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$77284 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$82494 |
CMP < 365 EMA |
Bearish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500.
|
Momentum indicator (1-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-17.81 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $70000 with SL around $72280 for a TP of $65000/$64000.
