Following the recent massive jump, BTC/EUR has reached an all-time high at 627.51 at the time of writing and slightly declined from that level. It currently trades at 610.52 levels (CEXIO) at the time of writing. Ichimok…
Following the recent massive jump, BTC/EUR has reached an all-time high at 627.51 at the time of writing and slightly declined from that level. It currently trades at 610.52 levels (CEXIO) at the time of writing.
Ichimoku analysis of the daily chart shows:
Tenkan-Sen level: $557
Kijun-Sen level: $503
Trend reversal level - (90 day EMA)-$423
The long-term trend is still bullish. The pair has broken major resistance $525 (Jun 7th 2016 high) and jumped till $627 at the time of writing. Major resistance is seen at $660 (2.618 retracement of 450 and 320) and any break above targets $750/$833 (2.618% retracement of $379.99 and $100). Short term support is seen at $535 (7day EMA) and any violation below will drag the pair till $503/$482 (21 day MA).
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Bitcoin (BTC) dropped more than 2% over the past 24 hours, trading near $80,948 as a widespread selloff across global financial markets pushed investors away from riskier assets. Major cryptocurrencies, including Ethereu…
