Ichimoku;
Note the bright-green MA; it has already crossed below the bright-red MA; this suggest a bearish signal. But also do note the thick resistance-clouds directly below...; the price will not have an easy time breaking-through those thick clouds (but a very strong-price action will try to, & can break right across)...
In addition, it is also very important to note that the bright-green MA cannot drift away too-far away from the bright-red MA (as both of them will need to cross over each other at some point of time). The bright-green MA tags along with the price-candlesticks very closely.
Currently, the price action has already broken-below the (1-hour time-frame) resistance-clouds (in the 1-hour chart) (but it is not displayed in this 2-hours time-frame chart)... This suggest that the price is currently very bearish (proceeding down into some bearish territory)...
Additionally, do note that the RSI is currently near it's neutrality level of 50...
Best regards.
Note the bright-green MA; it has already crossed below the bright-red MA; this suggest a bearish signal. But also do note the thick resistance-clouds directly below...; the price will not have an easy time breaking-through those thick clouds (but a very strong-price action will try to, & can break right across)...
In addition, it is also very important to note that the bright-green MA cannot drift away too-far away from the bright-red MA (as both of them will need to cross over each other at some point of time). The bright-green MA tags along with the price-candlesticks very closely.
Currently, the price action has already broken-below the (1-hour time-frame) resistance-clouds (in the 1-hour chart) (but it is not displayed in this 2-hours time-frame chart)... This suggest that the price is currently very bearish (proceeding down into some bearish territory)...
Additionally, do note that the RSI is currently near it's neutrality level of 50...
Best regards.
