ETH/EUR is seen soaring high above on Wednesday. The pair jumped till 15 at the time of writing and slightly declined from the high of 15 levels (KRAKEN). ETH/EUR short term trend is looking extremely bullish as long as support 12.41 (daily Kijun-Sen) holds. It is currently trading around 14.87 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 13.20
Kijun-Sen level: 12.41
Minor trend reversal level- 16.03 (76.4% retracement of 19.08 and 6.79)
Major Trend reversal level - (89 day EMA) – 10.41
Long-term trend remains to be bullish. ETH/EUR is facing psychological resistance at 15 and a jump till 16.03 likely.
The major resistance is around 15 (Psychological level) and any break above targets 16.03 (76.4% retracement of 19.08 and 6.16). Short term support-13.68 (5 day MA) and any break below will drag the pair till 12.84 (10- day MA)/12.30 (21- day EMA).
