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$BTCUSD . Is it forming a base?

$BTCUSD forming a base?

Bitcoin trading price, $BTCUSD , seems to be settling a base could be forming.

From the Ichimoku chart, we can see that

1. $BTCUSD is in bearish territory.

2. A bullish cross may be taking place soon if price goes up a little bit more.

3. The kumo resistance ahead is thinning out with immediate resistance at $520.

4. Should the price stays sideway till June, resistance looks to be around $482; thin kumo resistance.

 

 

By iam802

Trend trading with Ichimoku