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FxWirePro: BTC/EUR hits fresh all-time high, jump till 1609 likely

Monday, May 8, 2017 7:34 AM UTC

BTC/EUR breaks all time high of 1514 and jumped till 1524 at the time of writing. The pair formed a minor bottom around 1343 and any minor weakness only below that level (COINBASE). It is currently trading around 1508 at press time.

Ichimoku analysis of daily chart indicates:

Tenkan-Sen level: 1360

Kijun-Sen level: 1291

Major reversal level -918 (200- day MA)

The long-term trend remains to be bullish. BTC/EUR hits fresh all-time high, a jump till 1609 likely.

Major resistance is around 1541 (113% retracement of 1514 and 1343) and any break above will take the pair to next level till 1609 (161.8 projection of 826 1160 to 1069). Short term support is seen at 1350 (10 day MA) and any break below will drag the pair down till 1290 (daily Kijun-Sen)/1232 (21- EMA).

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Digital Currency Revolution

FxWirePro: BTC/EUR hits fresh all-time high, jump till 1609 likely

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