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BTC/EUR Short term outlook

BTC/EUR has closed well above trend line resistance $215. This confirms shortterm bullishenss a jump till 240 cannot be ruled out. On the upside minor resistance is around 221 (200 day 4HMA) and any break above would ext…

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BTC/EUR Short term outlook
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  • BTC/EUR has closed well above trend line resistance $215. This confirms shortterm bullishenss a jump till 240 cannot be ruled out.

  • On the upside minor resistance is around 221 (200 day 4HMA) and any break above would extend gains till 235/240 in short term. The pair's short term support is around 206 and any break below will extend loss till 200/193.

Indicators (4 Hours chart)

 CCI (14) - Buy  

CCI (50) - Buy

Ichimoku- Buy                 

We prefer to Buy BTC/EUR around 217 SL 208, Targets 235/240. 

 

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