Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
Robinhood Expands into Indonesia with Strategic Crypto and Brokerage Acquisitions 
Ethereum Refuses to Stay Below $3,000 – $3,600 Next? 
FxWirePro- Major Crypto levels and bias summary 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Bitcoin Reserves Hit 5-Year Low as $2.15B Exits Exchanges – Bulls Quietly Loading the Spring Below $100K 
ETH/EUR pair has a minor selling after hitting high of 293 yesterday (KRAKEN). ETH/EUR declined till 254 at the time of writing and is currently trading around 268 at press time.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 257
Kijun-Sen level: 243
Minor Trend reversal level - (89 EMA) – 170
Long-term trend remains to be bullish. ETH/EUR faces strong trend line resistance around 295 and any break above will take the pair till 313/350.
The major resistance is around 295 (trend line joining 385 and 354) and any break above targets 313 (61.8% retracement of 385 and 193)/354/385. Short term support is seen at 200 and any break below will drag the pair till 170/115.
It is good to sell on rallies around 265-270 with SL around 295 for the TP of 198.
- 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: ETH/EUR faces strong trend line resistance at 295, good to sell on rallies
Thursday, June 29, 2017 11:10 AM UTC
Editor's Picks
- Market Data
Most Popular
