FxWirePro: BTC/EUR trades slightly above 60- day EMA, jump till 903 likely
BTC/EUR is seen trading slightly above on Tuesday. The pair has broken major resistance at 795 and jumped till 825 at the time of writing. It is currently trading around 8233.34 at the time of writing. Ichimoku analysis …
BTC/EUR is seen trading slightly above on Tuesday. The pair has broken major resistance at 795 and jumped till 825 at the time of writing. It is currently trading around 8233.34 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 797
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 trades slightly above 60- day EMA and a jump till 900 is possible.
Major resistance is around 833 (30- day EMA) and any break above will take the pair to next level till 852 (38.2% retracement of 1111.56 and 694)/903.17 (daily Kijun-Sen). Short-term support is seen at 755 (89- day EMA) and any break below will drag the pair till 690 (Cloud bottom) 637 (200- day MA).
