BTCUSD exhibited a minor pullback after forming a temporary bottom around $ 80,000. It reached an intraday high of $ 87,920 and is currently trading around $ 87,270.
Oscillators and moving averages to forecast the trend of ETHUSD
CMP- $87257
EMA (1-hour chart)
55-EMA- $87641
200-EMA- $89034
365-EMA- $90556. The pair trades below the short-term and long-term moving averages.
Major Support - $86000. Any breach below $86000 will drag the pair down to $83000/$80000.
Major Resistance - $92000. Any break above $92000 confirms minor bullishness, a jump to $94300/$97400/$98500/$10000.
Indicators (60-min chart)
CCI(50)- Bearish
ADX- Neutral
Investment Strategy for ETHUSD
It is good to buy on dips around $86000 with a stop loss around $80000 for target profits of $100000.


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