BTC/EUR is seen plunging below in red on Wednesday and the pair has broken the high made on Feb 20th 2017 at 1030 and jumped till 1074.93 yesterday (COINBASE). It is currently trading around 1060 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1002

Kijun-Sen level: 965.02

Major reversal level -850 (89- day EMA)

Long-term trend remains to be bullish. The pair is minor resistance at 1079.50 (161.8% retracement of 1062 and 1036) and any break above targets 1111.

Major resistance is around 1079.40 (161.8% retracement of 1062 and 1036) and any break above will take the pair to next level till 1111 (Jan 5th high). Short term support is seen at 1016 (5- day MA) and any break below will drag the pair till 987 (10- day MA)/ 956 (21- day EMA)/887 (38.2%retracement of 694 and 1005)/871 (60- day EMA).