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ETHUSD Weakens Further: $1,825 CMP, All EMAs Red, Sell Rallies @ $1,948–50

Weak trades in ETHUSD follow Bitcoin. It is now trading close to $1820; its intraday low of $1811.

 

Technicals

CMP -$1825

Trend

1- Hour chart

Value

 

 

55 EMA

$1887

CMP < 55 EMA

Bearish

200- EMA

$1947

CMP < 200- EMA

Bearish

365- EMA

$2016

CMP < 365 EMA

Bearish

 

Major support- $1700/$1500. Minor bullishness only above $2100. Any violation above targets $2300/$2380.

 

Momentum indicator (1-hour chart)

Inference

Value

CCI(50)

Bearish

-103.26

ADX

Bearish

Strength increased from 40.58 to 41.90

 

 

It is good to sell on rallies around $1948-50 with SL around $2100 for a TP of $1500.

 

 

 

 

 

 

 

 

 

 

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