BTC/EUR is seen trading well below in red on Monday. The pair has broken minor support at 580 and declined till 555 levels (CEXIO). It is currently trading at 557.11 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 581.84

Kijun-Sen level: 587.10

Trend reversal level - (90 4H EMA)-541.64

Long-term trend remains to be bullish. BTC/EUR trades well below 55 days EMA. So a decline till 515/483 is possible.

Major resistance is around 573 (55 days EMA) and any break above will take the pair to next immediate resistance at 584 (7 days EMA)/ 597 (21 day MA). Short term support is seen at 540 (90 days EMA) and any break below targets 515/483 (Jun 23rd low).