FxWirePro: BTC/EUR breaks major resistance at 715, jump till 740 likely
BTC/EUR is seen trading well above on Friday. The pair breaks major resistance at 715 and jumped till 722.14 levels (COINBASE). It is currently trading around 722.24 at the time of writing. Ichimoku analysis of daily cha…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
BTC/EUR is seen trading well above on Friday. The pair breaks major resistance at 715 and jumped till 722.14 levels (COINBASE). It is currently trading around 722.24 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 699
Kijun-Sen level: 673.39
Trend reversal level - (100 days MA) – 594.95
Long-term trend remains to be bullish. In the daily chart, BTC/EUR is trading slightly above 715 and a slight jump 740 is possible.
Major resistance is around 715 (161.8% retracement of 673 and 610)) and any violation above will take the pair till 740 (161.8% retracement of 714.95 and 673). Short-term support is seen at 700 (10- day MA) and any break below targets 689 (21- day MA)/673 (daily Kijun-Sen)/ 634 (Nov 13th low).
The exchange confirmed the loss Sunday, Oct. 25, four days after the wallet activity. CoinDCX said its live customer systems and deposit balances were unaffected.
