ETH/EUR pair is seen trading well above on Monday and has shown a jump after hitting minor low of 76 on May 13th 2017 (KRAKEN). It is currently trading around 85.33 at press time. Ichimoku analysis of daily chart shows: …
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
ETH/EUR pair is seen trading well above on Monday and has shown a jump after hitting minor low of 76 on May 13th 2017 (KRAKEN). It is currently trading around 85.33 at press time.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 76.87
Kijun-Sen level: 65.99
Minor Trend reversal level - (May 1st low) – 61.25
Long-term trend remains to be bullish. ETH/EUR is facing strong resistance at 88 and any break above targets 94.63/100.
The major resistance is around 88 and any break above targets 90.91 (100% projection of 44 and 73.66 to 61.25)/94.63. Short term support is seen at 76 (daily Tenkan-Sen) and any break below will drag the pair till 72 (21 EMA)/61.25 (May 1st low).
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