Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/CNY faces strong support at 6600, good to buy on dips

BTC/CNY has once again recovered after declining till 6620 level. BTCC/CNY faces minor resistance at 6860 (Feb 11th 2017 high) and any minor bullishness can be seen only above that level (BTCCHINA). It is currently trading around 6846 at the time of writing.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 7012

Kijun-Sen level: 6841

Major reversal level -6144 (89- day EMA)

Long-term trend remains to be bullish. BTC/CNY faces major support at 6600 (resistance turned into support) and a break below confirms minor weakness.

Major resistance is around 6860 (Feb 11th high) and break above will take the pair till 7012 (daily Teneken-Sen)/7152 (61.8% retracement of 7589 and 6434)/7366. Short term support is seen at 6600 (resistance turned into support) and any break below targets 6434 (Feb 10th low)/ 6409 (60- day EMA) /6225 (61.8% retracement of 4893 and 7589).

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 10 23:50 UTC Released

JPBusiness Survey Index*

Actual

9.7 %

Forecast

Previous

9.4 %

December 9 01:30 UTC Released

CNPPI YY*

Actual

5.8 %

Forecast

5.9 %

Previous

6.9 %

December 11 07:00 UTC 408408m

TRCurrent Account Balance*

Actual

Forecast

Previous

-4.527 Bln USD

December 11 09:00 UTC 528528m

ITRetail Sales SA MM

Actual

Forecast

Previous

0.9 %

December 11 09:00 UTC 528528m

ITRetail Sales NSA YY

Actual

Forecast

Previous

3.4 %

December 11 11:30 UTC 678678m

TREndYear CPI Fcst/Cb Svy*

Actual

Forecast

Previous

10.68 %

December 11 15:00 UTC 888888m

USEmployment Trends*

Actual

Forecast

Previous

135.6 tln

December 11 15:00 UTC 888888m

USJOLTS Job Openings*

Actual

Forecast

Previous

6.093 Mln

December 11 21:00 UTC 12481248m

KRExport Price Growth YY*

Actual

Forecast

Previous

8 %

December 11 21:00 UTC 12481248m

KRImport Price Growth YY*

Actual

Forecast

Previous

6.8 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.