Cardano: Analysis using Ichimoku 05/06/2020
Hey to all!
H4
Cardano price is trading above the Ichimoku cloud, indicating an uptrend and the possibility of buying from the cloud.
RSI is clearly overbought, and divergence is formed between the price and the oscillator.
Conclusion:
It is worth considering purchases in the Ichimoku cloud from key support levels of Fibonacci (50% - 61.8%).
H1
The price broke through the rising channel and began to decline.
RSI at oversold level.
Conclusion:
We advise you to wait until the price is fixed below the Ichimoku cloud and returns at the overbought level of RSI.
Good luck!
H4
Cardano price is trading above the Ichimoku cloud, indicating an uptrend and the possibility of buying from the cloud.
RSI is clearly overbought, and divergence is formed between the price and the oscillator.
Conclusion:
It is worth considering purchases in the Ichimoku cloud from key support levels of Fibonacci (50% - 61.8%).
H1
The price broke through the rising channel and began to decline.
RSI at oversold level.
Conclusion:
We advise you to wait until the price is fixed below the Ichimoku cloud and returns at the overbought level of RSI.
Good luck!
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