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BTC/EUR is seen trading above in green on Friday. The pair has recovered after making a low of 493 levels (CEXIO) yesterday. It is currently trading at 610 at the time of writing.
Ichimoku analysis of 4-hour chart shows:
Tenkan-Sen level: 604
Kijun-Sen level: 583
Trend reversal level - (90 day EMA)-465
Long-term trend remains to be bullish. In daily chart BTC/EUR is trading slightly above Tenken-Sen and Kijun-Sen. So jump till 631/660 is possible.
Major resistance is around 632 (61.8% retracement of 715 and 493.55) and any break above will take the pair to next immediate resistance at 669. Short term support is seen at 583 and any violation below will drag the pair till 548 (61.8% retracement of 634.99 and 493.35).
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BTC/EUR trades above 600, jump till 669 likely
Friday, June 24, 2016 7:28 AM UTC
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