Upside Move
Updated
Notes;
(Ichimoku): The bright-green MA is drifting too far off from the bright-red MA (so eventually they will attempt to converge/meet "closer" once again like they always do)... (The bright-green MA is where the price is currently sitting/resting on...)
In addition, also pay attention to the MACD indicator; it is displaying rather oversold conditions, as such, it would be wise to anticipate a move up... Then pay attention to the RSI indicator; it is also displaying a rather oversold condition as well, so it is wise to expect some upsides eventually...
Last but not the least, do note some rather thick cloud-supports/resistances lingering overhead...; so it is wise to anticipate that this upside move could be limited (perhaps a correction)...
Best regards.
(Ichimoku): The bright-green MA is drifting too far off from the bright-red MA (so eventually they will attempt to converge/meet "closer" once again like they always do)... (The bright-green MA is where the price is currently sitting/resting on...)
In addition, also pay attention to the MACD indicator; it is displaying rather oversold conditions, as such, it would be wise to anticipate a move up... Then pay attention to the RSI indicator; it is also displaying a rather oversold condition as well, so it is wise to expect some upsides eventually...
Last but not the least, do note some rather thick cloud-supports/resistances lingering overhead...; so it is wise to anticipate that this upside move could be limited (perhaps a correction)...
Best regards.
Note
As a side note(s): Back in May, the Ichimoku signaled a bearish price movement (note the bright-green MA crossed below the bright-red MA, as you can see)...Best regards.
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