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BTC/EUR is seen trading low on Tuesday and the pair is trading in a narrow range between 882.75 and 800.61 for the past six trading sessions (COINBASE). It is currently trading around 854.13 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 824.99
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 faces strong resistance around 903 (daily Kijun-Sen) and any break above confirms minor bullishness.
Major resistance is around 903 (daily Kijun-Sen) and any break above will take the pair to next level till 952 (61.8% retracement of 1111.56 and 694.78)/1000. Short term support is seen at 824 (daily Tenken-Sen) and any break below will drag the pair till 806 (60- day EMA)/ 770 (89-day EMA).
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FxWirePro: BTC/EUR upside capped by daily kijun-Sen, good to buy on dips
Tuesday, January 24, 2017 7:29 AM UTC
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