BTC/EUR is seen trading well above on Friday. The pair breaks minor resistance at 742 and jumped till 747.87 yesterday (COINBASE). It is currently trading around 747.53 at the time of writing. Ichimoku analysis of daily …
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
BTC/EUR is seen trading well above on Friday. The pair breaks minor resistance at 742 and jumped till 747.87 yesterday (COINBASE). It is currently trading around 747.53 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 725.90
Kijun-Sen level: 710.61
Trend reversal level - (100 day MA) – 623
Long-term trend remains to be bullish. In the daily chart, BTC/EUR faces major resistance at 748 (161.8% retracement of 729.73 and 699) and any break above will take the pair till 789/800.
Major resistance is around 748 (161.8% retracement of 729.73 and 699) and any violation above will take the pair till 789 (127.2% retracement of 715 and 673)/800. Short term support –728 (10- day EMA) and any break below targets 710 (daily Kijun-Sen)/ 673 (Nov 20th, 2016 low)/634 (Nov 13th low).
A one-hour tally put long liquidations at $230,000 across Binance, Bybit and OKX, versus $10,000 for shorts; Binance’s earlier four-hour snapshot showed a 3.50% decline.
