BTC/EUR is seen trading above on Tuesday. The pair breaks the high 605 made on (23rd Oct high) and jumped slightly till 606 levels (COINBASE).It is currently trading around 604.82 levels at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 586.73

Kijun-Sen level: 572.25

Trend reversal level - (100 day MA) – 574

Long-term trend remains to be bullish. In the daily chart, BTC/EUR trades slightly above psychological resistance around 600, a jump till 623/636 is possible.

Major resistance is around 607 (61.8% retracement of 698 and 434.78) and any violation above will take the pair 623 (Jul 17th high)/636 Jul 7th 2016 high). Short-term support is seen at 586 (daily Tenkan-Sen) and any break below targets 572 (21- day MA)/ 561 (55- day EMA).