Bitcoin H1: The Ichimoku Forecast for the American Session on 14.11.2024
14.11.2024 15:46
Técnico
The key moment of previous trading sessions was the intersection of the Tenkan and Kijun lines. This signal is marked on the chart with a pink square and indicates a change in the trend to a downward one. However, subsequently the price was noted to have risen above the Tenkan line, indicating weakness in the downward momentum.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is above the Tenkan and the Kijun lines. It may indicate an upcoming shift in market direction.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
In addition, the price is above the Kumo cloud, which acts as a potential support zone.
The Chinkou line is now below the current price.
Trading recommendations:
Dynamic support levels are on the Tenkan line, around the 90425.75, the SenkouA line, at the 87412.60, and the SenkouB line, around the 85409.80.
The dynamic resistance level is on the Kijun line, around the 90440.65 mark.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is above the Tenkan and the Kijun lines. It may indicate an upcoming shift in market direction.
The Kumo cloud is colored orange, indicating the market tendency to a continuing upward movement.
In addition, the price is above the Kumo cloud, which acts as a potential support zone.
The Chinkou line is now below the current price.
Trading recommendations:
Dynamic support levels are on the Tenkan line, around the 90425.75, the SenkouA line, at the 87412.60, and the SenkouB line, around the 85409.80.
The dynamic resistance level is on the Kijun line, around the 90440.65 mark.