FxWirePro: ETH/EUR upside capped by daily Kijun-Sen, good to sell on rallies
ETH/EUR pair has minor jump above daily Kijun-Sen and declined sharply from that level (KRAKEN). ETH/EUR formed a temporary top around 385 and further bullish continuation only above that level. It is currently trading a…
By Sujha Sundararanjan
Updated 1 min read
Image from the original EconoTimes article
ETH/EUR pair has minor jump above daily Kijun-Sen and declined sharply from that level (KRAKEN). ETH/EUR formed a temporary top around 385 and further bullish continuation only above that level. It is currently trading around 235 at press time.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 243
Kijun-Sen level: 289
Minor Trend reversal level - (89 EMA) – 183
Long-term trend remains to be bullish. ETH/EUR faces major resistance around 290 and any close above will take the pair 313/353.45.
The major resistance is around 290 (daily Kijun-Sen) and any break above targets 313 (61.8% retracement of 385 and 193)/353.45/385. Short term support is seen at 230 and any break below will drag the pair till 193/170/115.
It is good to buy on dips around 245 with SL around 230 for the TP of 292/313.
The Oct. 21 rollout followed a 5,000-slot transition; operators needed compatible Agave software and a per-epoch vote-account balance for the admission fee.
Wallet access is being phased in for more than 3.3 million PayMe users. HSBC says the stablecoin will support transfers and purchases at more than 100,000 merchants.
The pilot is assessing purchase speed and reliability, along with the feature’s safety. The planned feature would support token purchases across several blockchain networks inside GMGN.
