Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Cracks $75K as $1.3B ETF Exodus and Middle East Jitters Spook Bulls; Bears Eye $70K 
ETH/EUR pair has slightly recovered till 195 after hitting low of 155 (KRAKEN). It is currently trading around 180 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 202
Kijun-Sen level: 254
Minor Trend reversal level - (61.8% Fibo) – 155
Long-term trend remains bullish.ETH/EUR faces strong resistance at 200 level and any close above will take the pair till 229.
The major resistance is around 202 (daily Tenkan-Sen) and any break above targets 219 (55- EMA)/229 (21- EMA)/254. Short term support is seen at 156 and any break below will drag the pair till 113/87 (200- MA).
It is good to sell on rallies around 200-205 with SL around 229 for the TP of 115.
- 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 struggles to close above 200 level, good to sell on rallies
Friday, July 14, 2017 11:40 AM UTC
Editor's Picks
- Market Data
Most Popular
