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FxWirPro: BTC/SGD trades higher, good to buy on dips

The pair has slightly declined after jumping till1078 levels (ITBIT). It is currently trading around 1068 at the time of writing.

Long-term trend: Bullish

Ichimoku analysis (Daily chart):

Tenkan-Sen level: 1026

Kijun-Sen level: 980

Trend reversal level - (100 days MA) – 852.33

BTC/SGD is holding well above  1051.25 (Jun 18th high). So a jump till 1204 is possible.

Major resistance is around 1090 (161.8% retracement of 1031.92 and 936.20) and any violation above will take the pair till 1160 (127.2% retracement of 1051.92 and 650)/1204 (138.2% retracement of 1051.92 and 650). Short term support is seen at 1019 (5- day MA) and any break below targets 980 (daily kijun-Sen)/936.20 (Nov 3rd 2016 low).

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