BTC/SGD pair has slightly declined after jumping till 999 on Nov 6th, 2016 (ITBIT). It is currently trading around 976.31 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 984

Kijun-Sen level: 950.96

Trend reversal level - (100 days MA) – 847.94

Long-term trend remains to be bullish. BTC/SGD faces strong resistance at 61.8% fibo at 996 and any close will take the pair to 1032/1051.

Major resistance is around 996 (61.8% retracement of 1031.52 and 936.20 and any violation above will take the pair till 1031(161.8% retracement of 999 and 947)/ 1051 (Jun 18th high)/1125 (161.8% retracement of 944.17 and 650). Short-term support is seen at 943 (21- day MA) and any break below targets 924 (34 days EMA)/898 (55-day EMA).