BTC/EUR is seen slightly trading above on Monday after the plunge. The pair has made a temporary top around 714.95 and slightly declined from that level (COINBASE). It is currently trading around 694.26 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 674

Kijun-Sen level: 659.35

Trend reversal level - (100 day MA) – 567

Long-term trend remains to be bullish. In the daily chart, BTC/EUR downside capped by 10- day MA (676).

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 676 (10- day MA) and any break below targets 659 (daily Kijun-Sen)/ 634 (Nov 13th low)/610 (Nov 3rd low).