Bitcoin: Analysis using Ichimoku 05/06/2020
H4
BTC price is trading above the Ichimoku cloud, indicating an uptrend.
Visually there is a channel and the possibility of decline to the lower boundary of the channel. The local trend is broken.
RSI is in an undefined zone, which indicates a flat.
Conclusion:
It is worth looking for sales towards the lower boundary of the channel.
H1
The price is at the Ichimoku cloud and the flat correction is visually visible.
RSI is in an undefined state.
Conclusion:
We recommend selling when RSI will reach the overbought zone.
You can also sell if the price will fixe below the Ichimoku cloud.
Good luck!
BTC price is trading above the Ichimoku cloud, indicating an uptrend.
Visually there is a channel and the possibility of decline to the lower boundary of the channel. The local trend is broken.
RSI is in an undefined zone, which indicates a flat.
Conclusion:
It is worth looking for sales towards the lower boundary of the channel.
H1
The price is at the Ichimoku cloud and the flat correction is visually visible.
RSI is in an undefined state.
Conclusion:
We recommend selling when RSI will reach the overbought zone.
You can also sell if the price will fixe below the Ichimoku cloud.
Good luck!
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