Ichimuko - Technical Analysis
If price breaches Cloud resistance a typical target is the opposite edge of the Cloud, or $11.500-$12.900. This is known as an Edge-to-Edge trade. A long entry for this trade has triggered with a daily candle close within Cloud resistance.
These trades also have a higher probability of success if they are accompanied by a bullish-tk cross, which is not currently the case. The stop loss for these trades are typically either the Kijun or Cloud support, depending on Cloud structure at the time of entry.
A bullish-tk recross is close to forming, indicating a long re-entry after consolidation
To conclude,
- Technicals show strong bullish consolidation, with a high probability target of $11.500.
- Price is likely to reach that level or thereabouts, then consolidate and move higher.
I'm still holding my long from $6.000 and will do for some time as I trade on longer timeframes.
These trades also have a higher probability of success if they are accompanied by a bullish-tk cross, which is not currently the case. The stop loss for these trades are typically either the Kijun or Cloud support, depending on Cloud structure at the time of entry.
A bullish-tk recross is close to forming, indicating a long re-entry after consolidation
To conclude,
- Technicals show strong bullish consolidation, with a high probability target of $11.500.
- Price is likely to reach that level or thereabouts, then consolidate and move higher.
I'm still holding my long from $6.000 and will do for some time as I trade on longer timeframes.
Note
Ichimoku settings I use for cryptocurrency:- (20, 60, 120, 30)
Note
Note
Forgot to update this thread:- we have the bullish-tk cross and the dips are being strongly bought up
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.