ETHUSD declined slightly following the footsteps of BTC. It reached an intraday low of $2237 and is currently trading at approximately $2252.
|
Technicals |
CMP -$2252 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2298 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$2288 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$2274 |
CMP <365 EMA |
Bearish |
Major support- $2200/$1700/$1500. Minor bullishness only above $2500. Any violation above targets $2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-121.74 |
|
ADX |
Neutral |
|
It is good to buy on dips around $2200 with SL around $2200 for a TP of $2770.


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