Digital Currency

Add as a preferred source on Google

BTC/EUR Short term outlook

BTC/EUR is struggling to close above 217 (55 day EMA) and any trend reversal can happen only above that level. On the upside minor resistance is around 217 (55 day 4H EMA) and any break above would extend gains till 235/…

1 min read
BTC/EUR Short term outlook
Image from the original EconoTimes article

Read the original article

  • BTC/EUR is struggling to close above 217 (55 day EMA) and any trend reversal can happen only above that level.

  • On the upside minor resistance is around 217 (55 day 4H EMA) 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 (Daily chart)

 CCI (14) - Buy

CCI (50) - Sell

Ichimoku- Sell   

We prefer to Buy BTC/EUR around 217 for the target of 205 with stop around 225.

 

Related articles

View all