BTC/SGD is seen trading well above on Wednesday. The pair has broken psychological resistance around 1000 and jumped till 1025 levels (ITBIT). It is currently trading around 1019 at the time of writing.

Ichimoku analysis (Daily chart):

Tenkan-Sen level: 984

Kijun-Sen level: 950.96

Trend reversal level - (100 day MA) – 852.33

Long-term trend remains to be bullish. BTC/SGD faces strong resistance at 1032 and any break above targets1051/1090 in the short term. 

Major resistance is around 1031(161.8% retracement of 999 and 947) and any violation above will take the pair till 1051 (Jun 18th high)/1090 (161.8% retracement of 1031.92 and 936.20). Short-term support is seen at 983 (10- day MA) and any break below targets 948.09 (21 day EMA)/936.20 (Nov 3rd 2016 low).