FxWirePro: BTC/EUR takes support near Cloud bottom, good to sell on rallies
BTC/EUR has shown a slight jump till 795 after declining till 694 yesterday (COINBASE). It is currently trading around 747.81 at the time of writing. Ichimoku analysis of daily chart indicates: Tenkan-Sen level: 903.17 K…
BTC/EUR has shown a slight jump till 795 after declining till 694 yesterday (COINBASE). It is currently trading around 747.81 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 903.17
Kijun-Sen level: 903.17
Major reversal level -795 (60- day EMA)
Long-term trend remains to be bullish. In the daily chart, BTC/EUR takes support near cloud bottom and any close below confirms minor weakness.
Major resistance is around 795 (60-day EMA) and any break above will take the pair to next level till 849 (30- day EMA)/903 (daily Kijun-Sen). Short term support is seen at 678 (Cloud bottom) and any break below will drag the pair till 634 (200- day MA).
