FxWirePro: BTC/GBP hovers around 127.2% fib, good to go long on decisive break above
BTC/GBP remained largely unchanged on Wednesday and is hovering around 127.2% retracement of 936 and 616 at 1023 levels (Coinfloor). Ichimoku analysis of daily chart: Tenkan Sen: 947.50 Kijun Sen: 947.50 Overall trend re…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
BTC/GBP remained largely unchanged on Wednesday and is hovering around 127.2% retracement of 936 and 616 at 1023 levels (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 947.50
Kijun Sen: 947.50
Overall trend remains bullish as the pair continues to hold above 10-DMA. RSI(14) is strong at 59 and the bullish crossover of 5 and 10-DMA suggests further upside in the pair.
The pair’s upside is being capped by 1023 (127.2% retracement of 936 and 616) and a break above would see the pair testing 1062 (March 03 high)/1085 (March 10 high).
On the flipside, 981.25 (20-DMA) is acting as a strong support for the pair and any violation is likely to see a dip till 956 (23.6% retracement of 616 and 1062)/905 (38.2% retracement of 616 and 1085).
Market pricing gave Solana (SOL) a 1% chance of reaching $190 by Oct. 31; September tokenized-stock trading on Solana topped $4.4 billion, a monthly record.
