BTC/EUR: Broken out of first triangle and testing resistance
The new stable coin known as Bitcoin is looking notably better on the
BTCEUR
chart than the
BTCUSD
chart today. The 12hr RSI is currently at 59, just below bullish, compared to
BTCUSD
that has fallen to 53. Low volatility is changing the times.
Currently bullish on a close above €5,800, but if selling on the
USDEUR
pair continues then the
EURUSD
pair with fall towards support in the rising channel, similarly to
BTCUSD
.
BTCEUR
chart than the
BTCUSD
chart today. The 12hr RSI is currently at 59, just below bullish, compared to
BTCUSD
that has fallen to 53. Low volatility is changing the times. Currently bullish on a close above €5,800, but if selling on the
USDEUR
pair continues then the
EURUSD
pair with fall towards support in the rising channel, similarly to
BTCUSD
.
Comment:
Anyone still watching this: the price has climbed back and closed above the support trend which invalidated any immediate bearish outlook. Strong support between €5,375 and €5,475 are the levels to look out for.