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FxWirePro- Woodies pivot (Major) 
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Ethereum gained above $2000 following the footsteps of BTC. After hitting a low of $1937 yesterday, it’s currently hovering near $2065.
|
Technicals |
CMP -$2065 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$2068 |
CMP < 55 EMA |
Bearish |
|
200- EMA |
$2108 |
CMP < 200- EMA |
Bearish |
|
365- EMA |
$2223 |
CMP < 365 EMA |
Bearish |
Major support- $1900/$1700/$1500. Minor bullishness only above $2200. Any violation above targets $2386/$2500/$2700/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-25.78 |
|
ADX |
Neutral |
|
It is good to buy on dips around $2000 with SL around $1700 for a TP of $2770.
