The LTC That Could...

Here is the chart guys!!! This is on the 15 min timeframe and as we can see, price broke out from the kumo... well, basically we've got all signs going bullish (chikou, tenkan-kijun cross, kumo breakout...). That is if we view the 15 min.

But on the 1 hr... things get a little dicey. It still haven't went past the kumo yet! Price is still trapped in the cloud and if possible (hopefully) go ranging inside it because it's a lot better to be inside the cloud than below the cloud.

Overall, I think I'll wait for the proper opportunity to strike. Right now, I think I'll wait for the 1 hr price to move out of the kumo along with the chikou span (green line). If the current level holds, then we might expect the chikou span to break out of the kumo in 1 day and 13 hrs approximately. And that is if everything is ideal!!!

Comment:

Just wanted to update my chart! As we can see below, price still somehow maintained its momentum. What's threatening it is that the price is still in the kumo and that it's soaking all that resistance. Another thing is that the Chikou span is somewhat being rejected by the Kijun sen.
In any case, the kumo projection is thinning out meaning there will be less resistance 52 hours ahead and if we maintain the current price level, we'll be above kumo in around 14 hours.