FxWirePro: BTC/EUR trades well above 1200, jump till 1350 likely
BTC/EUR has broken major resistance at 1237 (78.6% retracement of 1350 and 826.60) and jumped till 1259 levels (COINBASE). It is currently trading around 1232 at the time of writing. Ichimoku analysis of daily chart indi…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
BTC/EUR has broken major resistance at 1237 (78.6% retracement of 1350 and 826.60) and jumped till 1259 levels (COINBASE). It is currently trading around 1232 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 1180
Kijun-Sen level: 1129
Major reversal level -879.89 (200- day MA)
Long-term trend remains to be bullish. BTC/EUR trades well above psychological resistance at 1200 and jump till 1350 is possible.
Major resistance is around 1290 (88.6% retracement of 1350 and 826) and any break above will take the pair to next level till 1350. Short term support is seen at 1180 (daily Tenken-Sen) and any break below will drag the pair down till 1149 (21 day EMA) /1082 (55- EMA).
