Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support 
ETHUSD Finds Its Footing: Buy the Dip for a Potential Surge Toward $3600 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Refuses to Stay Below $3,000 – $3,600 Next? 
Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks 
FxWirePro- Major Crypto levels and bias summary 
BTC/CNY is seen trading well above on Wednesday. The pair has made a high of 5682 after breaking psychological resistance around 5600 (BTCCCHINA). It is currently trading around 5671.92 at the time of writing.
Ichimoku analysis (Daily chart):
Tenkan-Sen level: 5457
Kijun-Sen level: 5343
Minor resistance – 5682 (161.8% retracement of 5507 and 5230)
Trend reversal level - (100 days MA) – 4711
Long-term trend remains to be bullish. BTC/CNY faces strong resistance around 5682 and any break above will take the pair till 5955/6000.
Major resistance -5680 (161.8% retracement of 5507 and 5230) any break above that level will take the pair to next level till 5984 (141.4% retracement of and 5230)/6050. Short term support is seen at 5515 (7- day EMA) and any break below targets 5475 (10- day MA)/ 5343 (daily Kijun-Sen).
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- ©Econometrics LLC . All Rights Reserved.
BTC/CNY faces strong resistance 161.8% fibo, break above targets 5985
Wednesday, December 21, 2016 11:57 AM UTC
Editor's Picks
- Market Data
Most Popular
