FxWirePro: BTC/EUR faces strong resistance at 89-day EMA, break above confirms minor bullishness
BTC/EUR is seen trading below in red on Tuesday and has shown a minor jump till 964 yesterday after making a low of 826 (Mar 25th, 2017 low) (COINBASE). It is currently trading around 971.86 at the time of writing. Ichim…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
BTC/EUR is seen trading below in red on Tuesday and has shown a minor jump till 964 yesterday after making a low of 826 (Mar 25th, 2017 low) (COINBASE). It is currently trading around 971.86 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 932
Kijun-Sen level: 1088
Major reversal level -780 (200- day MA)
Long-term trend remains to be bullish. BTC/EUR faces strong resistance at 89- day EMA, and any break above confirms minor bullishness.
Major resistance is around 965 (89- day EMA) and any break above will take the pair to next level till 1008 (55- day EMA)/1088 (daily Kijun-sen). Short term support is seen at 790 (200- day MA) and any break below will drag the pair till 694 (Jan 12th, 2017 low).
