BTC/GBP continued trading in a tight range with its upside capped by 625 levels. It is currently trading at 623 levels at the time of writing (Coinbase). Long-term trend: Bullish Short-term trend: Bullish Ichimoku analys…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
BTC/GBP continued trading in a tight range with its upside capped by 625 levels. It is currently trading at 623 levels at the time of writing (Coinbase).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 607.65
Kijun Sen: 601.29
Trend reversal: 559.61 (90 EMA)
The pair faces strong resistance at 625 levels and a break above would target 638.77(161.8% retracement of 619.64 and 588.68)/650.
On the reverse side, 614.61 (10-EMA) is acting as a major support for the pair and any violation would drag it to 603 (trend line joining 535.30 and 577.60)/588.68 (December 05 low).
At 6:55 p.m. ET (22:55 UTC), Binance's spot pair for TRON (TRX) and Tether (USDT) was $0.3483; liquidations across three exchanges totaled $370,000 in shorts and $360,000 in longs.
