Ethereum Refuses to Stay Below $3,000 – $3,600 Next? 
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded 
ETH/EUR pair hits new all- time high at 246.99 and shown a minor decline till 235 (KRAKEN). It is currently trading around 239.50 at the time of writing.
Ichimoku analysis 4-Hour Chart indicates:
Tenkan-Sen level: 233
Kijun-Sen level: 224
Minor Trend reversal level - (200 4H MA) – 138.45
Long-term trend remains to be bullish. ETH/EUR faces minor support around 235 (23.6% fibo) and any break below confirms minor weakness.
The major resistance is around 250 (61.8% projection from 67.25 to 206 from 113) and any break above targets 263 (161.8% retracement of 206.79 and 113)/305. Short term support is seen at 235 (23.6% retracement of 195 and 246.99) and any break below will drag the pair till 224 (4H Kijun-Sen)/195.
It is good to buy on dips around 185 with SL around 165 for the TP of 220/250.
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- ©Econometrics LLC . All Rights Reserved.
FxWirePro: ETH/EUR downside capped by 23.6 fibo, good to buy on dips
Wednesday, June 7, 2017 10:43 AM UTC
Editor's Picks
- Market Data
Most Popular
