BTC/EUR is seen trading in slightly above on Tuesday after the plunge. The pair has made a temporary top at 547 (Aug 7th high) and declined from that level (CEXIO).  It is currently trading around 513.97 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 528.80

Kijun-Sen level: 518.38

Trend reversal level - (90 days EMA)-536.89

Long-term trend remains to be bullish. BTC/EUR declined till 510 (Aug 14th low) and slightly recovered from that level. In the daily chart, BTC/EUR is trading below Tenken-Sen (528.80) and Kijun-Sen (518.38).So slight decline till 455/427 is possible.

Major resistance is around 536 (90 days EMA) and any break above will take the pair to next immediate resistance at 542 (21 days MA)/553 (55 days EMA). Short-term support is seen at 510 (Aug 14th low) and any break below targets 504 (23.6% retracement of 529.50 480 (Jun 23rd low)/455 (200 day MA).