BTC/EUR faces minor resistance at 610, break above targets 635/656
BTC/EUR is seen facing minor resistance on Wednesday. The pair is consolidating in narrow range of 609 and 585 levels (CEXIO) for past three trading session. It is currently trading at 608.18 at the time of writing. Ichi…
BTC/EUR is seen facing minor resistance on Wednesday. The pair is consolidating in narrow range of 609 and 585 levels (CEXIO) for past three trading session. It is currently trading at 608.18 at the time of writing.
Ichimoku analysis 4-hour chart shows:
Tenkan-Sen level: 605.44
Kijun-Sen level: 607.49
Trend reversal level - (90 4H EMA)-600
Long term trend and short-term trend remains to be bullish. BTC/EUR faces major intraday resistance around 610 and slight bullishness can be seen only above that level.
Major resistance is around 610 (Jul 4th high) and any break above will take the pair to next immediate resistance at 635 (24th Jun high)/656 (127.2% retracement of 635 and 562). Short term support is seen at 599 (90 4H MA) and any violation below will drag the pair till 583 (200 4H MA)/562 (Jun 26th low)/539 (61.8% retracement of 483 and 635).
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