FxWirePro: BTC/USD faces strong resistance at $600, good to buy on dips
BTC/USD jumped till $598.81 yesterday and slightly declined from that level. It is currently trading at $583.31 (Bitstamp). Long-term trend: bullish Ichimoku analysis (Daily chart): Tenkan-Sen level: $561.39 Kijun-Sen le…
BTC/USD jumped till $598.81 yesterday and slightly declined from that level. It is currently trading at $583.31 (Bitstamp).
Long-term trend: bullish
Ichimoku analysis (Daily chart):
Tenkan-Sen level: $561.39
Kijun-Sen level: $574.73
Trend reversal level - (90 EMA)-$598
“The pair is facing strong resistance at $598 (90 day EMA) and close above that level confirms minor bullishness”, FxWirePro said in a statement.
On the topside, major resistance is seen around $598 (90 day EMA) and any break above targets $626 (55 day EMA)/$642 (21 day MA). On the reverse side, short-term support is likely to be found at $540 (38.2% retracement of $465 and $583) and any break below targets $522/$496 (200 day MA).
Coinglass measured Ether options open interest at $5.81 billion, up 0.1% from the previous day, with calls representing most of both open interest and trading volume.
Customers can select a crypto asset and wallet; AEON says it handles conversion and starts a local transfer. The company has not named merchants using the Chile feature.
