Ubiq/BTC - Possible future buy signals
Hello,
As we can see in the graph we are in a clear downtrend. We can see lower highs and lower lows. In addition to this the Ichimoku also shows we are in a downtrend. We can see that there have been some attempts to break this downtrend. The Senkou span A has been tightening, which shows that there has been less volatility.
We can also see that a triangle is somewhat forming, meaning there will be a break Oct 1th at the latest. If it breaks the downtrend line we have a buy signal. However, I would wait untill Ichimoku can confirm that a shift in trend is happening. Therefore I would place buy orders at the dotted lines, which change depending on the Senkou Span B.
Price level could potentially reach 0.00457 or 0.00518.
I would not advice anyone to act on this analysis since I am new to technical analysis. That being said I would appreciate if you share your thoughts/predictions.
As we can see in the graph we are in a clear downtrend. We can see lower highs and lower lows. In addition to this the Ichimoku also shows we are in a downtrend. We can see that there have been some attempts to break this downtrend. The Senkou span A has been tightening, which shows that there has been less volatility.
We can also see that a triangle is somewhat forming, meaning there will be a break Oct 1th at the latest. If it breaks the downtrend line we have a buy signal. However, I would wait untill Ichimoku can confirm that a shift in trend is happening. Therefore I would place buy orders at the dotted lines, which change depending on the Senkou Span B.
Price level could potentially reach 0.00457 or 0.00518.
I would not advice anyone to act on this analysis since I am new to technical analysis. That being said I would appreciate if you share your thoughts/predictions.
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