QubitTech

Monero: Analysis using Ichimoku 17/06/2020

BITFINEX:XMRUSD   Monero / U.S. Dollar
H4
At D1, the cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H4.

H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing upward, indicating the formation of a correction for H1.
Conclusion:
We recommend selling when the RSI reaches an overbought level on H1.

Good luck!

Comments

Thank you for sharing your ideas! 🙏🏼
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