BTC/EUR is seen trading slightly above on Friday after the plunge. The pair has slightly jumped till 528 yesterday and declined from that level (CEXIO). It is currently trading around 515.06 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 524.91

Kijun-Sen level: 516.37

Trend reversal level - (90 days EMA)-535.29

Long-term trend remains to be bullish. In the daily chart, BTC/EUR is facing strong resistance at 21-day MA (528) and any violation below confirms minor bullishness.

Major resistance is around 528 (21 – day MA) and any violation above will take the pair till 535.29 (90 days EMA)/ 548 (55 days EMA). The pair should close above 550 for further bullishness. Short-term support is seen at 500 and any break below targets 480 (Jun 23rd low)/458 (200 day MA).