BTC/SGD is seen trading slightly above on Tuesday. The pair has made a low of 973 on Nov 13th, 2016 and slightly jumped from that level (ITBIT). It is currently trading around 1002.32 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 999.47

Kijun-Sen level: 950.96

Trend reversal level - (100 days MA) – 852.33

Long-term trend remains to be bullish. BTC/SGD faces strong support 21- day MA and any break below will drag the pair till 836.

Major resistance is around 1031(161.8% retracement of 999 and 947) and any violation above will take the pair till 1051 (Jun 18th high)/1090 (161.8% retracement of 1031.92 and 936.20). Short-term support is seen at 994 (10- day MA) and any break below targets 980 (21 day MA)/950.96 (daily Kijun-Sen)/936.20 (Nov 3rd 2016 low).