FxWirePro: BTC/EUR trades in narrow range, break above 55- day EMA confirms minor bullishness
BTC/EUR is trading below on Thursday in a narrow range between 826 and 987 for the past five trading days (COINBASE). It is currently trading around 967.57 at the time of writing. Ichimoku analysis of daily chart indicat…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
BTC/EUR is trading below on Thursday in a narrow range between 826 and 987 for the past five trading days (COINBASE). It is currently trading around 967.57 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 932
Kijun-Sen level: 1088
Major reversal level -796 (200- day MA)
Long-term trend remains to be bullish. BTC/EUR faces strong resistance around 55- day EMA, any break above confirms minor bullishness.
Major resistance is around 1005 (55- day EMA) and any break above will take the pair to next level till 1088 (daily Kijun-sen). Short term support is seen at 932 (daily Tenken-Sen) and any break below will drag the pair till 886 (61.8% retracement of 987 and 826)/796 (200- day MA).
Consumer applications made up about 80% of Solana’s total. Hyperliquid recorded $86.5 million, ahead of Ethereum at $53.8 million and Robinhood Chain at $34.6 million.
