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Weekly forecastBitcoin / EUR technical chart
SymbolBTCEUR

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DateSun, 11/12/2017 - 16:12
Currentuptrend
Forecastcontinuation of uptrend
Description

Last week:
During last week, market went bearish, dropping to as low as 5300.71.
Market was opened on Monday at 5331.00, it rises to its maximum price at 5343.55 on Sun, 11/12/2017 - 16:00, then it drops to its minimum price at 5300.71 on Sun, 11/12/2017 - 16:00 and finally it was closed on Sunday at 5300.71.

Technical analysis:

  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.
  • Current short-term is uptrend and continuation of uptrend is expected.

Trading suggestion:
There is possibility of temporary retracement to suggested support zone (5071.40 to 4587.05), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (5071.40)
    • resistance on Sat, 10/28/2017
    • resistance on Fri, 10/27/2017
    • resistance on Thu, 10/26/2017
    • resistance on Fri, 10/20/2017
  • Ending of entry zone (4587.05)
    • support on Wed, 10/25/2017
    • support on Wed, 10/18/2017
    • support on Sun, 10/15/2017

Supports and Resistances:

  1. 5985.55
  2. 6384.70
    • resistance on Mon, 11/06/2017
    • resistance on Sun, 11/05/2017
    • resistance on Sat, 11/04/2017
    • resistance on Fri, 11/03/2017
  3. 6707.35
    • resistance on Wed, 11/08/2017

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