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ETHUSD gained above $2500 as demand for riskier assets increases. It reached an intraday high of $2000 and is currently trading around $1996.
|
Technicals |
CMP -$1996 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
$2354 |
CMP>55 EMA |
Bullish |
|
200- EMA |
$2088 |
CMP> 200 EMA |
Bullish |
|
365- EMA |
$2001 |
CMP >365 EMA |
Bullish |
|
800-EMA |
$2030 |
CMP>800 EMA |
Bullish |
Major support- $2350/$2200/$2000/$1800/ $1500. Minor bullishness only above $2600. Any violation above targets $2770/$2880/$3000/$3200.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
86.59 |
|
ADX |
Neutral |
|
It is good to buy on dips around $2300 with SL around $2000 for a TP of $3000.
