BTCUSD: Analysis using Ichimoku 08/07/2020
H4
On D1, the cloud is directing downward, indicating a downtrend. The price also reached a downtrend line on H4.
Conclusion:
Locally, we recommend selling when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing upward, indicating an uptrend. The price also reached a downtrend line on H4.
Conclusion:
Locally, we recommend selling when the RSI reaches an overbought level on the H1 near level of 9450.
On D1, the cloud is directing downward, indicating a downtrend. The price also reached a downtrend line on H4.
Conclusion:
Locally, we recommend selling when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing upward, indicating an uptrend. The price also reached a downtrend line on H4.
Conclusion:
Locally, we recommend selling when the RSI reaches an overbought level on the H1 near level of 9450.
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