Technicals / Digital Currency

Add as a preferred source on Google

FxWirePro: BTC/EUR faces trend line resistance around 386, good to buy at dips

BTC/EUR has broken resistance 370 and jumped till 386and it is currently trading around 384. On the higher side minor resistance is around 386 (trend line joining 320.69 and 362.77) and break above targets 392/420. On th…

1 min read
FxWirePro: BTC/EUR faces trend line resistance around 386, good to buy at dips
Image from the original EconoTimes article

Read the original article

  • BTC/EUR has broken resistance 370 and jumped till 386and it is currently trading around 384.
     
  • On the higher side minor resistance is around 386 (trend line joining 320.69 and 362.77) and break above targets 392/420.
     
  • On the downside minor support is around 373 and break below targets 362/350.
     
  • Short term trend reversal only below 350.

It is good to buy at dips around 370 with SL around 350 for the TP of 392/420      

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560