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BTCUSD showed a minor pullback on easing geopolitical tension. It has dropped to $59904 and is now trading at about $63566.
|
Technicals |
CMP -$63561 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$63912 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$70071 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$72201 |
CMP<365 EMA |
Bearish |
Major support- $59000/$52796. Minor bullishness only above $65000. Any break above targets $66500/$68000/$70000/$72200/$74950/$78000/$80000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
91.63 |
|
ADX |
Neutral |
|
It is good to sell on rallies around $66000, with an SL around $70000, for a TP of $59500/$52750.
