N wave with E, V & NT projection.
The price is below the Kumo, indicating bearish momentum. The Kumo itself is bearish and relatively thick, suggesting strong resistance overhead.
The Tenkan-sen have crossed below the price, which might indicate a potential short-term bullish correction but within a generally bearish context.
Volume is low, indicating a lack of momentum, which is typical in a consolidating market or at the beginning of a reversal.
R1 - 0.380
R2 - 0.395 (Senkou span B)
S1 - 0.345 (Kijun-sen)
S2 - 0.325
As long as price maintained above 0.345, a potential bullish move is considered and shows strength moving towards 0.390. Alternatively, a conservative entry could be above 0.390 after confirmation of a bullish move.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The price is below the Kumo, indicating bearish momentum. The Kumo itself is bearish and relatively thick, suggesting strong resistance overhead.
The Tenkan-sen have crossed below the price, which might indicate a potential short-term bullish correction but within a generally bearish context.
Volume is low, indicating a lack of momentum, which is typical in a consolidating market or at the beginning of a reversal.
R1 - 0.380
R2 - 0.395 (Senkou span B)
S1 - 0.345 (Kijun-sen)
S2 - 0.325
As long as price maintained above 0.345, a potential bullish move is considered and shows strength moving towards 0.390. Alternatively, a conservative entry could be above 0.390 after confirmation of a bullish move.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.