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BTC/GBP soared to 799 levels on Tuesday before closing at 760 levels. It is currently trading at 774 levels at the time of writing (Coinbase).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 715.65
Kijun Sen: 693.84
Trend reversal: 592.39 (90 EMA)
On the upside, the pair is currently hovering around 774 levels (127.2% retracement of 755.81 and 686.22) and a consistent break above would target 798.82/825.
On the flip side, the pair is likely to find support near 736.86 (5-EMA) and a break below would drag it to 703 (10-MA)/659.52 (21-day MA).
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BTC/GBP faces resistance at 127.2% fib, break above targets 800
Wednesday, December 28, 2016 9:11 AM UTC
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