Using 'crypto settings' (20, 60, 120, 30) for Ichimoku Cloud we can see an interesting formation on the 12-hour chart. Wicks have failed to close below the bottom of the cloud. That suggests a good level of support at that price point.
MACD has turned up with price action now moving above the consolidation range of the past few days.
Following yesterdays analysis suggesting a price target of $380...
...finding support at that level will signify to traders that the recent price drop is nothing more than another blip and the bull run season is gearing up.
Join us for algo-assisted Ethereum trading on SparksterSignals alpha version backtesting tool.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
MACD has turned up with price action now moving above the consolidation range of the past few days.
Following yesterdays analysis suggesting a price target of $380...
...finding support at that level will signify to traders that the recent price drop is nothing more than another blip and the bull run season is gearing up.
Join us for algo-assisted Ethereum trading on SparksterSignals alpha version backtesting tool.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
