This might be a good moment to step in if you want to catch the wave up to the recent highs around the 12-13k mark. The previous three times the Ichimoku Cloud
crossed green there was a lot of bullish
momentum. If you are familiar with this technical indicator you will be aware that for an Ichimoku Cloud
Cross to be valid you have to keep three things in mind when debating whether to open a long position.
1. Do not take a trade if the price is within the cloud. If the price is in a cloud that indicates that the price is currently in a squeeze.
2. Conversion line needs to be above the base line.
3. Lagging span needs to be above the cloud.
currently has all of these three indicating a bullish
movement might be ahead.
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