OMGUSD: Analysis using Ichimoku 26/06/2020
H4
On D1, the price fluctuates in the cloud. RSI is in an undefined state.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level on H4 and D1.
H1
At H4, the cloud is directing downward, indicating a downtrend. Also, on the H1 the cloud is directing downward, indicating the movement within the framework of the trend for H4.
Conclusion:
Locally, we recommend selling when the RSI will reach an overbought level.
On D1, the price fluctuates in the cloud. RSI is in an undefined state.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level on H4 and D1.
H1
At H4, the cloud is directing downward, indicating a downtrend. Also, on the H1 the cloud is directing downward, indicating the movement within the framework of the trend for H4.
Conclusion:
Locally, we recommend selling when the RSI will reach an overbought level.
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