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Following the lead of BTC, ETHUSD trades under $2000. It reached a intraday low of $1964 yesterday and is currently trading around $1991.
|
Technicals |
CMP -$1991 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2102 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$2192 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$2221 |
CMP <365 EMA |
Bearish |
Major support- $1900/$1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-250.66 |
|
ADX |
Neutral |
Strength increased from 17.19 to 25.17 |
It is good to sell on rallies around 2048-50, with an SL around $2200 and a TP of $1700.
