FxWirePro: BTC/EUR faces strong resistance at 61.8% fibo, good to buy on dips
BTC/EUR is seen trading well above on Friday and the pair has jumped sharply till 952.47 at the time of writing and declined slightly from that level (COINBASE). It is currently trading around 939 at the time of writing.…
BTC/EUR is seen trading well above on Friday and the pair has jumped sharply till 952.47 at the time of writing and declined slightly from that level (COINBASE). It is currently trading around 939 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 883.38
Kijun-Sen level: 817.28
Major reversal level -775 (89- day EMA)
Long-term trend remains to be bullish. In the daily chart, BTC/EUR faces strong resistance at 953 (61.8% retracement of 1111 and 694.78) and any break above will take the pair till 1000 level.
Major resistance is around 953 (61.8% retracement of 1111 and 694.78) and any break above will take the pair to next level till 1000/1028 (161.8% retracement of 900 and 694.78). Short term support is seen at 883 (daily Tenken-Sen) and any break below will drag the pair till 848 (21- day MA)/826 (60-day EMA).
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