| Digital Currency

Become a contributor

Bookmark Econotimes

| Digital Currency

Ethereum’s Fusaka Upgrade: PeerDAS, Massive Scaling, and Cheaper Layer 2—A New Era Begins

BitMine Goes Nuclear on Ethereum: Snaps Up 23,773 ETH in Days, Now Holds 3.7 Million ETH (Over 3% of Entire Supply

Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support

Ethereum’s Fusaka UpEthereum’s Fusaka UpEthereum’s Fusaka Upgrade: PeerDAS, Massive Scaling, and Cheaper Layer 2—A New Era Beginsgrade: PeerDAS, Massive Scaling, and Cheaper Layer 2—A New Era Begins

FxWirePro- Top Trending Coins (CoinGecko)

Ethereum Refuses to Stay Below $3,000 – $3,600 Next?

Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K

Crypto and FX: The 2025 Dollar Connection—Why Bitcoin Moves With Global Risk and USD Trends

Bitcoin Smashes $93K as Institutions Pile In – $100K Next?

FxWirePro- Token Unlock Today (ENA)

Woori Bank Puts Bitcoin on the Board: Korea’s Big Banks Embrace Digital Assets

FxWirePro- Major Crypto levels and bias summary

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

FxWirePro-Key Crypto Updates

FxWirePro- Top trending coins (CoinGecko)

Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks

Tom Lee’s $20,000 Ethereum Call: The Tokenization Supercycle That Will Make 2021 Look Tiny

Digital Currency Revolution

©Econometrics LLC . All Rights Reserved.

FxWirePro: BTC/CNY downside capped by 7 – day MA, good to buy on dips

Monday, March 6, 2017 1:05 PM UTC

BTC/CNY is seen trading below in red on Monday and the pair has formed a temporary top around 8400 and declined from that level (BTCCHINA). It is currently trading around 8240 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 7850

Kijun-Sen level: 7417

Major reversal level -6620 (89- day EMA)

Long-term trend remains to be bullish. BTC/CNY downside capped by 7 –day MA and minor weakness can be seen only below that level.

Major resistance is seen at 8439 (88.6% retracement of 8896 and 4893) and any violation above targets 8896 (Jan 5th 2017 high). Short term support is around 8045 (7- day MA) and any break below targets 7934 (10- day MA)/7620 (21- day EMA)/7250 (daily Kijun-Sen).

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

CFPB to Review Anti-Discrimination Policies and Fair Lending Rules Amid Policy Shift

Australia Imposes Sanctions on Taliban Officials Over Human Rights Abuses

U.S. Appeals Court Rules Trump Can Remove Members of Key Federal Labor Boards

Supreme Court to Review Legality of Trump’s Birthright Citizenship Restrictions

U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut

Trump Backs Review of U.S. Childhood Vaccine Schedule After Hepatitis B Policy Change

U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut

Netflix’s $72 Billion Warner Bros Discovery Deal Reshapes the Entertainment Landscape

FxWirePro: GBP/NZD slide lower shifts pressure to the downside

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

Digital Currency Revolution

FxWirePro: BTC/CNY downside capped by 7 – day MA, good to buy on dips

Editor's Picks

Welcome to EconoTimes