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BTC/GBP has taken support near 21-day MA and is currently trading just shy of 600 levels (Coinbase).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 584.33
Kijun Sen: 578.38
Trend reversal: 527.51 (90 EMA)
On the topside, resistance is seen at 621 levels (November 20 high) and a break above would target 628 (127.2% retracement of 611.12 and 547.20)/ 650.
On the downside, the pair sees support near 585 (21-day MA) and a break below would weaken it to 568.22 (61.8% retracement of 535.30 and 621.47)/ 547.20 (November 13).
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BTC/GBP hovers around 600, break above 621 targets 650
Tuesday, November 22, 2016 11:04 AM UTC
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