Ethereum: Trade Opportunities from Ichimoku Indicator
The price bounced from Senkou B line and moved upward. Senkou A and Kijun lines formed the resistance zone. If the price can break this zone, it will be a bullish signal. We will have a new trade opportunity in the direction of the main uptrend. The main profit target will be at 480.00$ resistance.
If the buyers can't push the price above the resistance zone, we should be ready to see the further sideways movement in the cloud. It will be a consolidation period before a new market movement.
The breakout below Senkou B will give a trend reversal signal. The market will become bearish with the main profit target at 250.00$ support.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the buyers can't push the price above the resistance zone, we should be ready to see the further sideways movement in the cloud. It will be a consolidation period before a new market movement.
The breakout below Senkou B will give a trend reversal signal. The market will become bearish with the main profit target at 250.00$ support.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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