FxWirePro- Major Crypto levels and bias summary 
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700 
FxWirePro- Major Crypto levels and bias summary 
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900 
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red 
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 
ETH/EUR is seen trading below in red on Friday. The pair has jumped slightly after declining till 8.640 levels (KRAKEN) yesterday. It is currently trading at 9.10 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 9.79
Kijun-Sen level: 8.83
Minor trend reversal level- 11.12 (76.4% retracement of 12.84 and 5.58)
Major Trend reversal level - (60 day EMA) – 8.60
Long-term trend remains to be neutral. ETH/EUR takes support near 60- day EMA and any break below confirms further weakness and decline till 6.72 is possible.
The major resistance is around 9.18 (23.6% retracement of 10.95 and 8.64) and any break above that level will take the pair till 9.79 (daily Tenken-Sen)/10.40 (Jan 9th high). Short term support is around 8.60 (60- day EMA) and any break below will drag the pair till 7.63 (61.8% retracement of 5.58 and 10.95).
- 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 takes support near 60-day EMA, good to sell on rallies
Friday, January 13, 2017 9:33 AM UTC
Editor's Picks
- Market Data
Most Popular
