FxWirePro: BTC/GBP takes support near 20-DMA, further weakness on close below
BTC/GBP is trading in a narrow range between 1006 and 1022 levels on Tuesday (Coinfloor). It is currently trading at 1018 levels. Ichimoku analysis of daily chart: Tenkan Sen: 947.50 Kijun Sen: 947.50 Overall trend remai…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
BTC/GBP is trading in a narrow range between 1006 and 1022 levels on Tuesday (Coinfloor). It is currently trading at 1018 levels.
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. 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, the pair has taken support near 997.20 (10-DMA) and a close below would drag it to 981.25 (20-DMA). A break below 20-DMA could see further dip till 956 (23.6% retracement of 616 and 1062).
