FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
Ethereum Refuses to Stay Below $3,000 – $3,600 Next? 
BTC/EUR jumped once again after declining till 1549 yesterday. The pair has formed a minor bottom around 1476 on May 13th 2017 and is consolidating around that level (COINBASE). It is currently trading around 1652.47 at press time.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 1598
Kijun-Sen level: 1444
Major reversal level -1477 (21- EMA)
Long-term trend remains to be bullish. BTC/EUR faces strong support at 23.6% fibo and further bearishness can be seen if pair closes below that level.
Major resistance is around 1750 and any break above will take the pair to next level till 1835 (161.8% retracement of 1742 and 1591)/1943 (261.8% projection of 826 to 1160 from 1069). Short term support is around 1525 (23.6% retracement of 1742 and 826) and any break below will drag the pair down till 1477 (21 day EMA)/1444 (daily Kijun-Sen)/1343 (May 4th 2017).
- 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/EUR downside capped by 23.6% fibo, good to buy on dips
Wednesday, May 17, 2017 7:48 AM UTC
Editor's Picks
- Market Data
Most Popular
6
