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BTC/EUR breaks major resistance 640, jump till 662/750 is possible

Thursday, June 16, 2016 4:31 AM UTC

BTC/EUR hits all-time high on Thursday. The pair has broken major resistance 638.51 (Jun 13th high) today morning and has jumped till 650.68 levels (CEXIO) at the time of writing. It is currently trading at $647.73 at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 608

Kijun-Sen level: 578

Trend reversal level - (90 days EMA)-$539

Long-term trend remains to be bullish. Any break above $640 confirms major bullishness, a jump till 662 (2.618% retracement 451 and 320)/750 is possible. Short term support is seen at 615 (7 4H EMA) and any violation below will drag the pair till 600/ 595 (Yesterday’s low).

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Digital Currency Revolution

BTC/EUR breaks major resistance 640, jump till 662/750 is possible

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