Digital Currency

BTC/EUR Short Term Outlook

BTC/EUR major resistance is around 215 (trend line joining 274 and 230) and bullishness can be seen only above that level. On the upside break above that level will target 230. On the downside minor support is around 203…

By Lis HowellFeb 25, 2015, 12:44 PM UTC

1 min read

BTC/EUR Short Term Outlook — Image from the original EconoTimes article

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BTC/EUR major resistance is around 215 (trend line joining 274 and 230) and bullishness can be seen only above that level. On the upside break above that level will target 230.
On the downside minor support is around 203 and break below will take the pair to 198/190.

Indicators (4 hour chart)

CCI (50) - Sell

CCI (14) - Sell

Ichimoku- Sell

Recommendation: Sell BTC/EUR around 207, SL 215, Target 190.

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