FxWirePro: BTC/EUR hits fresh all-time high, jump till 2778 likely
BTC/EUR has shown a huge recovery and hits fresh all-time high of 2706 levels (CEXIO). It is currently trading around 2620 at press time. Ichimoku analysis of 4-Hour chart shows: Tenkan-Sen level: 2619 Kijun-Sen level: 2…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
BTC/EUR has shown a huge recovery and hits fresh all-time high of 2706 levels (CEXIO). It is currently trading around 2620 at press time.
Ichimoku analysis of 4-Hour chart shows:
Tenkan-Sen level: 2619
Kijun-Sen level: 2564
Major reversal level -2073 (200- 4H MA)
Long-term trend remains to be bullish. BTC/EUR hits fresh all- time and a further jump till 2778 is likely.
Major resistance is around 2740 (161.8% retracement of 2621 and 2429) and any break above will take the pair to next level till 2778 (113% retracement of 2675 and 1940)/2800. Short term support is seen at 2585 (21-EMA) and any break below will drag the pair down till 2480 (55- EMA)/ 2429/2385 (89- 4H EMA).
It is good to buy on dips around 2585 with SL around 2450 for the TP of 2670/2778.
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