Bitcoin H1: The Ichimoku Forecast for the American Session on 30.12.2024
The second most important signal is the change in direction of the Kumo cloud, marked with a vertical purple line. A change in the color of the cloud to lilac indicates a transition of the priority direction of movement to downward.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is now positioned between the Tenkan and the Kijun lines, indicating a temporary consolidation before a potential resumption of the trend.
The Kumo cloud is colored lilac. It indicates the priority of the downward vector of price movement.
The price is below the Kumo cloud, which is now acting as a resistance area for the price.
The Chinkou line is now below the current price.
Trading recommendations:
The dynamic support level is on the Tenkan line, around the 93720.60 mark.
Dynamic resistance levels are located on the Kijun line, near the 94078.35, the SenkouA line, at the 95031.08 mark, and the SenkouB line, near the 95486.80 mark.
The indicator signals support a downward vector of price movement, so the search for the short positions entry points should be prioritized.