BTC/EUR is seen trading above on Wednesday. The pair has broken major resistance 889 and jumped slightly above 900 levels (COINBASE). It is currently trading around 910 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 837

Kijun-Sen level: 807

Minor weakness level – 855 (7- day MA)

Major reversal level -673 (Nov 20th low)

Long-term trend remains to be bullish. In the daily chart, BTC/EUR is trading slightly above 161.8% fibo level at 889 (161.8% retracement of 715.65 and 434.78) and slight jump till 1000 likely.

Major resistance is around 915 (Yesterday High) and any break above will take the pair to next level till 935 (161.8% retracement of 887.40 and 808)/960 (261.8% retracement of 915 and 889)/1000. Short term support is seen at 855 (5-day EMA) and any break below will drag the pair till 828 (10- day MA)/807 (daily Kijun-Sen).