BNB: Analysis using Ichimoku 08/06/2020
H4
The price is trading above the Ichimoku cloud by testing the border of the trend line.
RSI is in an undefined state, indicating a correction.
Conclusion:
We recommend buying from a key Fibonacci level of 61.8%.
H1
The price is below the Ichimoku cloud, indicating a local correction. RSI has formed a convergence, indicating a possible end to the correction.
Visually you can see a formed initial impulse in the direction of the older trend.
Conclusion:
We recommend buying from a key Fibonacci level of 50%, and also when reaching the RSI of oversold level.
Good luck!
The price is trading above the Ichimoku cloud by testing the border of the trend line.
RSI is in an undefined state, indicating a correction.
Conclusion:
We recommend buying from a key Fibonacci level of 61.8%.
H1
The price is below the Ichimoku cloud, indicating a local correction. RSI has formed a convergence, indicating a possible end to the correction.
Visually you can see a formed initial impulse in the direction of the older trend.
Conclusion:
We recommend buying from a key Fibonacci level of 50%, and also when reaching the RSI of oversold level.
Good luck!
