| Digital Currency

Become a contributor

Bookmark Econotimes

| Digital Currency

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

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

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

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

FxWirePro-Key Crypto Updates

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

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

ETHUSD Finds Its Footing: Buy the Dip for a Potential Surge Toward $3600

Altcoin Whales Go on a Feeding Frenzy: $1.36B XRP Hoover, Fartcoin Mania & $500M Exchange Exodus – The Great December Accumulation Begins

FxWirePro- Key Crypto Updates

Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded

FxWirePro- Major Crypto levels and bias summary

Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K

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

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

Bitcoin’s $732B Mega-Cycle: The Institutional Maturation Supercycle Has Arrived

FxWirePro- Top trending Coins (CoinGecko)

Digital Currency Revolution

©Econometrics LLC . All Rights Reserved.

FxWirePro: BTC/CNY faces strong support at 6600, break below confirm further weakness

Friday, March 31, 2017 11:53 AM UTC

BTC/CNY is seen trading below in red on Friday and the pair has once declined slightly after jumping till 7000 on Mar 29th, 2017. It is currently trading around 6786 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 6769

Kijun-Sen level: 7234

Major reversal level -5799 (200- day MA)

Long-term trend remains to be bullish. BTC/CNY faces strong support at 6600 and any break below confirms further weakness.

Major resistance is seen at 7000 (38.2% retracement of 8400 and 6119) and any break above will take the pair till 7157 (21- day EMA)/7235 (daily Kijun-sen)/7431 (Mar 21st high). Short term support is around 6600 and any break below the will drag the pair down till 6434 (Feb 10th low)/6119 (Mar 25th, 2017 low).

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

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

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

Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook

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 faces strong support at 6600, break below confirm further weakness

Editor's Picks

Welcome to EconoTimes