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BTC/EUR has broken major resistance at 1350 and hits fresh all-time high. The pair jumped till 1450 levels (COINBASE) and is currently trading around 1444 at the time of writing. Minor term trend is bullish as long as support 1213 (21- EMA) holds.
Ichimoku analysis of daily chart indicates:
Tenkan-Sen level: 1280
Kijun-Sen level: 1234
Major reversal level -879.89 (200- day MA)
Long-term trend remains to be bullish. BTC/EUR trades well above 1350 near to life time high of 1350 and any break above targets 1609.
Major resistance is around 1480 (100% projection of 694.78 and 1350 to 826) 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 1359 (23.6% retracement of 1450 and 1197) and any break below will drag the pair down till 1280 (daily Tenken-Sen)/1234 (daily Kijun-Sen).
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FxWirePro: BTC/EUR hits new all-time high, further jump till 1609 likely
Thursday, May 4, 2017 8:39 AM UTC
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