FxWirePro: BTC/EUR trades flat, further bullishness above 1188
BTC/EUR is trading in narrow range between 1172 and 1147 for the past three trading sessions (COINBASE). It is currently trading around 1155 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen leve…
BTC/EUR is trading in narrow range between 1172 and 1147 for the past three trading sessions (COINBASE). It is currently trading around 1155 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 1120
Kijun-Sen level: 1052
Major reversal level -867 (200- day MA)
Long-term trend remains to be bullish. BTC/EUR breaks strong resistance at 1188 (Mar 14th 2017 high) and any break above targets 1235.
Major resistance is around 1188 (Mar 14th 2017 high) and any break above will take the pair to next level till 1235 (Mar 3rd 2017 high)/1290 (88.6% retracement of 1350 and 826). Short term support is seen at 1116 (21 day EMA) and any break below will drag the pair down till 1071 (55- EMA) /1052 (daily Kijun-Sen).
