empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

22.04.202120:55 Forex Analysis & Reviews: Bitcoin shows signs of weakness using the Ichimoku cloud indicator.

Bitcoin is trading near $53,000 price level after making a high last week around $64,760. We have warned several times before that despite price making higher highs, the RSI was giving bearish divergence signals by making lower highs. Today we have confirmation by the Ichimoku cloud indicator that Bitcoin is expected to start a correction soon.

Exchange Rates 22.04.2021 analysis

In our previous analysis using the Ichimoku cloud indicator we warned bulls that they need to defend the cloud. Price has been trading above the cloud since it was back at $11,000. By breaking inside the cloud trend changes to neutral from bullish. This increases the chances of a move lower towards the lower cloud boundary around $49,300. A break below this level will increase chances even more for a deeper correction towards $40,000 and lower.

Exchange Rates 22.04.2021 analysis

On a weekly basis price is about to close below the tenkan-sen (red line indicator). When this is the case, price usually pulls back towards the kijun-sen (yellow line indicator). The kijun-sen is now at $38,745. Bulls need to be very cautious as the next few weeks could be bad for Bitcoin and we might see a deep correction towards $35,000-$40,000 area.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.