Created by Japanese journalist Goichi Hosoda in the late 1960s, the Ichimoku cloud comprises two lines – the leading span A and the leading span B.
In technical analysis, stochastics are indicators that oscillate between 0 and 100, helping traders identify oversold and overbought conditions and trade entry and exit points.
The three-day rise has brought the 200-day SMA of $48,000 into focus.
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