BTC/EUR breaks major trendline support. Eyes 200-DMA at 6555. Violation there could see next major drag.
BTC/EUR consolidates slump below daily Ichimoku cloud, bias lower. Price action currently hovers around 100-DMA support, close below to see further weakness. Next major support at 78.6% Fib at 7244. Violation there to see 7000 and then 6010 (200-DMA)
BTC/EUR has shown a decisive break below daily Ichimoku cloud, bias lower. Momentum studies are bearish, Stoch are sharply lower. But are approaching oversold levels so caution advised. RSI weak below 50 levels and biased lower with room for further downside. We see -ve DMI dominance, ADX is rising which supports current downtrend. We see scope for test of 100-DMA...