FxWirePro: BTC/EUR hits fresh all-time high at 1579, good to buy on dips
BTC/EUR hits once again all-time high at 1579 at the time of writing after breaking 1559. The pair formed a minor bottom around 1343 and any minor weakness only below that level (COINBASE). It is currently trading around…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
BTC/EUR hits once again all-time high at 1579 at the time of writing after breaking 1559. The pair formed a minor bottom around 1343 and any minor weakness only below that level (COINBASE). It is currently trading around 1508 at press time.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 1383
Kijun-Sen level: 1314
Major reversal level -1300 (21- EMA)
Long-term trend remains to be bullish. BTC/EUR trades well above 1500, a jump till 1625 likely.
Major resistance is around 1580 and any break above will take the pair to next level till 1609 (161.8 projection of 826 1160 to 1069)/1625 (161.8% retracement of 1514 and 1343). Short term support is seen at 1430 (7 day MA) and any break below will drag the pair down till 1380 (daily Tenkan-Sen)/1314 (daily Kijun-Sen).
MSCI expects to name potentially affected constituents already in its indexes Nov. 11; any resulting changes are scheduled after the Nov. 30 market close.
