RSI
Daily RSI shows some divergence, the price has hit a resistance area. It is likely to retrace towards the lower side of its ascending wedge. If it manages to break it, it could head down the upper cloud area. A break of RSI at 50 and then of the RSI trend line itself would give more weight to a shortish trade with entry around 15.6 and TP at 15.0.
Ichimoku
The lagging span is just above the early Feb candles. Just under the price, there's a huge hole formed by the cloud that provides no support. The lagging span would have no problem going through that area and the associated twist in case of a dive. The Kijun in the past indicates that 14.8 is a key level and this is the current SSB level as well. If this level is broken, the next target would be 13.6.
Daily RSI shows some divergence, the price has hit a resistance area. It is likely to retrace towards the lower side of its ascending wedge. If it manages to break it, it could head down the upper cloud area. A break of RSI at 50 and then of the RSI trend line itself would give more weight to a shortish trade with entry around 15.6 and TP at 15.0.
Ichimoku
The lagging span is just above the early Feb candles. Just under the price, there's a huge hole formed by the cloud that provides no support. The lagging span would have no problem going through that area and the associated twist in case of a dive. The Kijun in the past indicates that 14.8 is a key level and this is the current SSB level as well. If this level is broken, the next target would be 13.6.
