FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700 
FxWirePro- Major Crypto levels and bias summary 
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies 
BTC/CNY is seen trading below on Thursday and the pair has jumped till 7000 level and has shown a mild decline from that level. It is currently trading around 6739 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 6775
Kijun-Sen level: 7234
Major reversal level -5799 (200- day MA)
Long-term trend remains to be bullish. BTC/CNY faces strong resistance at 7000 and any close above targets 7235.
Major resistance is around 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 seen at 6775 (daily tenken-Sen) and any break below the will drag the pair down till 6626 (cloud bottom)/6119 (Mar 25th, 2017 low).
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- ©Econometrics LLC . All Rights Reserved.
FxWirePro: BTC/CNY upside capped by 7000 level, good to sell on rallies
Thursday, March 30, 2017 12:27 PM UTC
Editor's Picks
- Market Data
Most Popular
