BTC/EUR faces strong resistance at 600, break above targets 630
BTC/EUR is seen trading above in green on Monday. The pair has retreated after making a high 602 levels (CEXIO) on Saturday. It is currently trading at 591.49 at the time of writing. Ichimoku analysis of daily chart show…
BTC/EUR is seen trading above in green on Monday. The pair has retreated after making a high 602 levels (CEXIO) on Saturday. It is currently trading at 591.49 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 592.98
Kijun-Sen level: 587.82
Trend reversal level - (90 days EMA)-509
Long-term trend remains to be bullish. BTC/EUR trades slightly above daily Tenken-Sen and Kijun-Sen. So a slight jump till 593 is possible.
Major resistance is around 596 (21 day MA) and any break above will take the pair to next immediate resistance at 612 (Jul 6th high)/635 (24th Jun high)/656 (127.2% retracement of 635 and 562). Short term support is seen at 572 (Jul 9th low) and any violation below will drag the pair till 548 (55 days EMA)/532 (61.8% retracement of 483 and 630).
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