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ETHUSD Dip-Buy at 2300 as 55 EMA Hurdle Caps Rally; Upside Targets 2770/2880/3000 on 2500 BreakETHUSD dropped almost $100 from the small peak of $2405 that developed yesterday. It hit an intraday low of $2308 and is currently trading at roughly $2319.

ETHUSD dropped almost $100 from the small peak of $2405 that developed yesterday. It hit an intraday low of $2308 and is currently trading at roughly $2319.

Technicals

CMP -$2317

Trend

4- Hour chart

Value

 

 

55 EMA

$2329

CMP >55 EMA

Bearish

200- EMA

$2248

CMP >200- EMA

Bullish

365- EMA

$2246

CMP >365 EMA

Bullish

 Major support- $1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

33.21

ADX

Neutral

 

 

It is good to buy on dips around $2300, with an SL around $2200, for a TP of $2770.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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