Still on the 12hours time frame, With the use of ICHIMOKU METRICS; Tenkan(T blue EMA), Kijun(K red EMA),Senkou Span(A&B),Cloud colour(RED;BEARISH,GREEN;BULLISH) and the Lagging span, will be use to check the possible price movement and the resistance and support levels.
Cloud resistance has been broken , and price has closed inside the cloud and currently consolidating. With the current look at the cloud(which is RED BEARISH),Senkou span B which is above the cloud and senkou span A below the cloud.
A change of direction towards each other has been established, clearly shows that the senkou span B is coming down and the senkou span A is going up this will turn out to be a bullish twist called KUMO TWIST(giving a signal for price moving up). At the same time the Tenkan(T blue EMA) is moving up to cross the KIJUN(K red EMA) which will result to a bullish crossing.
And lastly, the EDGE TO EDGE TRADE SET UP. When the price breaks the cloud resistance and enters the cloud and at the same time closes inside the cloud, there is high probability that price will likely touch the upper cloud resistance.
The green EMA below the cloud (which is the senkou span A) is currently serving as a support level. Price will likely move down to this level or will move up, but there is 70% chance that price will touch the upper cloud.
BUY: 6671usd down to 6532usd
SELL: 7000usd up to 7883usd
STOP LOSS: 6054usd
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.