Ichimokuchart
$NVDA Pullback$NVDA to pull back to the slow-moving average (purple highlighted area), using it as support, then potentially move higher as shown by the bullish Ichimoku cloud. There is clear disequilibrium between the fast and slow-moving averages (base and conversion lines) and price action has already started moving towards the base line at roughly $569.63 and my analysis shows that it will continue to close the gap between the moving averages before a continuation of an uptrend. Thoughts on this analysis?
$PFE PullbackPrice action looking likely to pull back as there is disequilibrium between the conversion line and the base line on the daily timeframe. This means the price should move down to the base line (Slow MA) bringing the conversion line (Fast MA) with it. furthermore, price moved away from the conversion line creating disequilibrium, and started pulling back on the 22nd of April. I believe the price will continue down before a potential continuation of an uptrend. I am a beginner with the Ichimoku strategies, but I have seen using the indicator in relation to price action that this is a possible outcome before $PFE returning to its uptrend as shown by the bullish Ichimoku cloud. Is anyone able to give tips/advice?
Bitcoin Potential MovementAs Bitcoin consolidates we see some potential movement ideas. One is if BTC pulls back past the 56k mark there is a secondary support at 50-52k. If it does not pull back that far then we could potentially see movement off of the 56k support upwards toward 70k+.
Multiple scenarios based on the Ichimoku Kihon Suchi are displayed, but all indicate upward movement. The key support is 56k so if it moves above, we will likely movement back upwards towards the 70k mark, with key resistance around 61k.
If the 56k support falls, the 50-52k Support will likely fulfill the bottom end of the upward channel leading back to the upward trend.
As always, comments and ideas are welcome! Please let me know what you think!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
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