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/…
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.
