BTC/EUR is seen trading above on Tuesday. The pair slightly retreated till 626 after making a temporary top around 655 levels (COINBASE). It is currently trading around 646.12 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 626

Kijun-Sen level: 599.32

Trend reversal level - (100 day MA) – 550.96

Long-term trend remains to be bullish. In the daily chart, BTC/EUR down side is capped by 10- day MA, slight weakness only below that level.

Major resistance is around 655 (Oct 29th high) and any violation above will take the pair 673.50 (161.8% retracement of 625 and 655)/683.11 (88.6% retracement of 715 and 434.58). Short term support is seen at 621 (10- day MA) and any break below targets 600 (21- day MA)/576 (55 day EMA).