AyKay-Trading

Update Ethereum

Short
AyKay-Trading Updated   
BITFINEX:ETHUSD   Ethereum
Bearish signals:
  • Bearish RSI divergence
  • Decreasing volumes

ETHUSD will most probably go down soon.
Comment:
Another point of view:

Comment:
Critical moment on the hourly timeframe on the Ichimoku point of view because Tenkan Sen, Kijun Sen and Chikou Span are on the same level


Please note that I use the classic Ichimoku parameters (9, 26, 52, 26) that give much more information than the parameters used by some crypto traders (20, 60, 120, 30) who focus only on the Ichimoku cloud.
Comment:
Erratum: the blue one is Tenkan Sen and the blue one is Kijun Sen.
Order cancelled:
Interesting bullish divergence

Trade active:
Short position taken but with a tight stop loss

Comment:
A breakout now would make sense because we are close to a twist in the cloud.

ETHUSD just crossed Kijun Sen (red line) on the 4h timeframe and it is normal to see some support now because ETHUSD is close to the tiny cloud and Chikou Span (Lagging green line) faces some support in the lowest part of the cloud with Senkouspan A

Comment:
Multiple scenarios for ETH

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.