FxWirePro: ETH/EUR downside capped by daily Tenken-Sen, good to buy on dips
ETH/EUR pair is trading slightly above on Thursday and the pair has recovered slightly after declining till 44 yesterday (KRAKEN). It is currently trading around 45.53 at press time. Ichimoku analysis of daily chart show…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
ETH/EUR pair is trading slightly above on Thursday and the pair has recovered slightly after declining till 44 yesterday (KRAKEN). It is currently trading around 45.53 at press time.
Long-term trend remains to be bullish. ETH/EUR downside capped by daily tenken-sen and any break below confirms minor weakness.
The major resistance is around 49.48 (Mar 29th, 2017 high) and any break above targets 56.32 (161.8%T retracement of 49.48 and 38.40). Short term support- 44 (daily Tenken-Sen) and any break below will drag the pair till 41.37 (23.6% retracement of 49.48 and 38.40)/ 38.40 (Apr 4th low)/35 (Mar 22nd low).
The tokens reached Binance over about an hour on Oct. 19, with an average deposit valuation of $0.2013 per token and a combined value of about $3.64 million.
