FxWirePro: BTC/USD faces strong resistance at $600, good to buy on dips
BTC/USD has declined slightly from the high of $594 made on Aug 8. It is currently trading at $584.95 (Bitstamp). Long term trend: bullish Ichimoku analysis (Daily chart): Tenkan-Sen level: $547.64 Kijun-Sen level: $574.…
BTC/USD has declined slightly from the high of $594 made on Aug 8. It is currently trading at $584.95 (Bitstamp).
Long term trend: bullish
Ichimoku analysis (Daily chart):
Tenkan-Sen level: $547.64
Kijun-Sen level: $574.73
Trend reversal level - (90 EMA)-$597
“The pair is facing strong resistance at $597 (90 day EMA) and close above that level confirms minor bullishness”, FxWirePro said in a statement.
Major resistance is around $597 (90 day EMA) and any break above targets $622 (21 day EMA)/$658 (61.8% retracement of $778 and $465). Short-term support is seen at $540 (38.2% retracement of $465 and $583) and any break below targets $522/$500 (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.
