FxWirePro: BTC/EUR upside capped by 60- day EMA, break above targets 903
BTC/EUR is trading in a narrow range between 795 and 694 for the past four trading days (COINBASE). It is currently trading around 789.73 at the time of writing. Ichimoku analysis of daily chart shows: Tenkan-Sen level: …
BTC/EUR is trading in a narrow range between 795 and 694 for the past four trading days (COINBASE). It is currently trading around 789.73 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 upside capped by 60 –day EMA and break above confirms minor bullishness.
Major resistance is around 795 (60- day EMA) and any break above will take the pair to next level till 836 (30- day EMA)/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).
