XTZUSD: Analysis using Ichimoku 10/06/2020
H4
The price is trading below the Ichimoku cloud but above the trend line. RSI is in an undefined state.
Conclusion:
We recommend you to pay attention to the timeframe H1.
H1
The price fluctuates around the Ichimoku cloud. Visually, you can see a graphical model of the "triangle". Formed convergence between price and RSI.
Conclusion:
We recommend buying when the RSI is oversold. Next, you should trade according to the rules for working with the triangle model and using reverse stop orders, instead of stop losses (applies to sales).
Good luck!
The price is trading below the Ichimoku cloud but above the trend line. RSI is in an undefined state.
Conclusion:
We recommend you to pay attention to the timeframe H1.
H1
The price fluctuates around the Ichimoku cloud. Visually, you can see a graphical model of the "triangle". Formed convergence between price and RSI.
Conclusion:
We recommend buying when the RSI is oversold. Next, you should trade according to the rules for working with the triangle model and using reverse stop orders, instead of stop losses (applies to sales).
Good luck!
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