QubitTech

XTZUSD: Analysis using Ichimoku 26/06/2020

BITFINEX:XTZUSD   XTZ / Dollar
H4
On D1, the price fluctuates in the cloud. The channel of correction is visually clearly visible.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level and down line of the channel on D1.

H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing downward, indicating the movement within the framework of the trend for H4.
Conclusion:
Locally, we recommend buying when the price reaches above the Ichimoku cloud and the RSI reaches an oversold level at the local price correction.

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