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BTC/EUR trades flat, good to buy at dips

(Correction: The pair is trading in a narrow range between 689 and 656. Currently trading at 670 at the time of writing.) Tenkan-Sen level: 673, Kijun-Sen level: 653, Trend reversal level - (90 days EMA)-594, Major resis…

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BTC/EUR trades flat, good to buy at dips
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(Correction: The pair is trading in a narrow range between 689 and 656. Currently trading at 670 at the time of writing.)
Tenkan-Sen level: 673, Kijun-Sen level: 653,
Trend reversal level - (90 days EMA)-594,
Major resistance at 697 and short-term support at 660)


BTC/EUR raises to a new all-time high level on Monday. The pair has broken major resistance 662 (2.618% retracement 451 and 320) and has jumped till 692.66 levels (CEXIO).  It is currently trading at 672.86 at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 651

Kijun-Sen level: 633

Trend reversal level - (90 days EMA)-555

Long-term trend remains to be bullish. Any break above 662 will take the pair to next immediate resistance at 710 (2.618% retracement of 691.50 and 679)/750 is possible. Short term support is seen at 660 (7 4H EMA) and any violation below will drag the pair till 630/ 585 (55 4H EMA).

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