ETHUSD declined below $2400 after a hawkish rate hike by the Fed. It reached a low of $2356 and is currently trading around $2460.
|
Technicals |
CMP -$2460 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$2464 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$2361 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$2233 |
CMP >365 EMA |
Bullish |
|
800-EMA |
$2148 |
CMP>800 EMA |
Bullish |
Major support- $2300/$1800/ $1500/$1200/$1000. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-68.40 |
|
ADX |
Neutral |
|
It is good to buy on dips around $2400 with SL around $2200 for a TP of $2770/$3000.
