N wave with E, V, N & NT projection.
The price is currently at 0.315 and is above the Kumo, signaling a potential bullish sentiment. However, the cloud appears thin, indicating uncertainty.
The Kumo is green, suggesting a supportive environment for upward movement, though caution remains due to proximity to key resistance levels.
But Tenkan-sen is below Kijun-sen, it typically indicates bearish sentiment in the market. Watch for scenarios where the Tenkan-sen crosses above the Kijun-sen, which can signal a potential shift from bearish to bullish sentiment. This crossover would indicate that recent price movements are starting to gain strength
NT at 0.325 serves as immediate resistance. Confirm a breakout above NT for stronger validation.
0.290 acts as immediate support; a drop below this may indicate bearish reversal.
Look for bullish candlestick patterns or a close above the cloud, which would indicate the continuation of bullish momentum.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
The price is currently at 0.315 and is above the Kumo, signaling a potential bullish sentiment. However, the cloud appears thin, indicating uncertainty.
The Kumo is green, suggesting a supportive environment for upward movement, though caution remains due to proximity to key resistance levels.
But Tenkan-sen is below Kijun-sen, it typically indicates bearish sentiment in the market. Watch for scenarios where the Tenkan-sen crosses above the Kijun-sen, which can signal a potential shift from bearish to bullish sentiment. This crossover would indicate that recent price movements are starting to gain strength
NT at 0.325 serves as immediate resistance. Confirm a breakout above NT for stronger validation.
0.290 acts as immediate support; a drop below this may indicate bearish reversal.
Look for bullish candlestick patterns or a close above the cloud, which would indicate the continuation of bullish momentum.
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.