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ETHUSD Bullish Momentum: Follows BTC Above All EMAs, Buy Dips Near $1750 Targeting $2300

ETHUSD gained above $1750 following the footsteps of  BTC. It reached intraday high of $1806 and is currently trading around $1793.

Technicals

CMP -$1793

Trend

1- Hour chart

Value

 

 

55 EMA

$1

CMP>55 EMA

Bullish

200- EMA

$1607

CMP >200- EMA

Bullish

365- EMA

$1637

CMP >365 EMA

Bullish

800-EMA

$1742

CMP>800 EMA

Bullish

 Major support- $1500/$1200/$1000. Minor bullishness only above $1850. Any violation above targets $2000/ $2300/$2500/$2770/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

100.41

ADX

Neutral

 

 

It is good to buy on dips around 1750 with SL around $1300 for a TP of $1900/$2300.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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