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BTC/EUR Short Term outlook

BTC/EUR made a high of 243 and retreated till 233. The pair's has taken support near Kijun-Sen (230) and short term trend reversal happen only below that level. On the downside any break below 230 will target 215/208. Th…

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BTC/EUR Short Term outlook
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  • BTC/EUR made a high of 243 and retreated till 233. The pair's has taken support near Kijun-Sen (230) and short term trend reversal happen only below that level.

  • On the downside any break below 230 will target 215/208.

  • The pair's break above 256 will take the pair till 274 in short term.

Indicators (4 hour chart)                                                                           

CCI (50) - Buy

CCI (14) - Sell

Ichimoku- Neutral

Recommendation: Buy BTC/EUR around 238, SL 229, Targets 256/270 

 

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