ETHUSD Finds Its Footing: Buy the Dip for a Potential Surge Toward $3600 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
FxWirePro- Major Crypto levels and bias summary 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Refuses to Stay Below $3,000 – $3,600 Next? 
BTC/CNY is seen trading slightly above on Friday. The pair has recovered slightly till 5583 after declining till 4893 levels (BTCCCHINA). It is currently trading around 5445 at the time of writing.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 6894
Kijun-Sen level: 6894
Major reversal level -5600 (89- day EMA)
Long-term trend remains to be bullish. BTC/CNY upside capped by 89- day EMA and any break above confirms minor bullishness.
Major resistance is seen at 5600 (89- day EMA) and any break above that level will take the pair to next level till 6000/6266 (30- day EMA). Short-term support is around 4705 (200- day MA) and any break below targets 4520 (Nov 3rd, 2016 low).
- 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.
FxWirePro: BTC/CNY faces strong resistance at 5600, good to sell on rallies
Friday, January 13, 2017 10:17 AM UTC
Editor's Picks
- Market Data
Most Popular
