FxWirePro: BTC/EUR bulls struggle to gain traction, break above 21-EMA could see minor upside
Analysts believe that the crypto market has bottomed and now the recovery is on the way. But the technical picture is mixed and not completely supportive of the upside. BTC/EUR trades largely unchanged on the day after h…
Analysts believe that the crypto market has bottomed and now the recovery is on the way.
But the technical picture is mixed and not completely supportive of the upside.
BTC/EUR trades largely unchanged on the day after hitting session highs at 5633.
The pair finds strong resistance at 21-EMA at 5683 and we see minor upside only on break above.
Next major resistance above 21-EMA lies at 100-DMA at 5836 ahead of 6049 (55-EMA). We see bullish continuation only on breakout above 200-DMA.
On the flip side, the pair finds strong support at 5355 (trendline). We see resumption of weakness on break below.
FxWirePro Currency Strength Index: FxWirePro's Hourly BTC Spot Index was at 149.382 (Bullish), while Hourly EUR Spot Index was at 40.3899 (Neutral) at 1245 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
Coinglass measured Ether options open interest at $5.81 billion, up 0.1% from the previous day, with calls representing most of both open interest and trading volume.
Customers can select a crypto asset and wallet; AEON says it handles conversion and starts a local transfer. The company has not named merchants using the Chile feature.
