About meHi everyone, I'm a trader with remarkable experience. My most important point to you is that the best analysis is the simplest analysis using price action and classic patterns in combination with trend detection indicators.
If the triangle is broken from the bottom, because the cloud also breaks , there is a possibility that the price will fall to the 0.5 and 0.618 Fibonacci levels, which are the prices of 1.98 and 1.82, respectively.
The simultaneous breaking of the purple downward trend line and ichimoku cloud to the top gives initial buy signal.
To confirm the signal, the volume and RSI should be checked.
Also, Ichimoku confirmations including baseline and lagging span will help.
4 Divergences in 4h timeframe.
Reaction to long time channel ceiling.
Breaking the uptrend line in 1h timeframe.
EMA 5 and EMA 10 crossing in 1h timeframe.
First target can be the channel midline.