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BTC/EUR breaks major resistance 615, jump till $635/$656 likely

Friday, July 1, 2016 6:17 AM UTC

BTC/EUR is seen trading higher on Friday. The pair has broken major resistance 610 (Jun 27th high) and jumped till 615 levels (CEXIO). It is currently trading at 614.99 at the time of writing.

Ichimoku analysis of 4-hour chart shows:

Tenkan-Sen level: 593

Kijun-Sen level: 591

Trend reversal level - (90 4H EMA)-591.45

Long term trend remains to be bullish. Short term trend seems to be bullish. BTC/EUR is trading slightly bullish and well above Tenken-Sen and Kijun-Sen.

Major resistance is around 610 (Jun 27th high) and any break above will take the pair to next immediate resistance at 635 (24th Jun high)/656 (127.2% retracement of 635 and 562). Short term support is seen at 600 (7 4H MA) and any violation below will drag the pair till 539 (61.8% retracement of 589 (21 4H MA)/562 (200 4H MA).

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Digital Currency Revolution

BTC/EUR breaks major resistance 615, jump till $635/$656 likely

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