I believe this is the end of the recent downtrend that started on 6/24 - We just experienced a double bottom (around 0.21) and it looks like we're on our way out of this downtrend. I hope to cross the cloud, reach resistance around $0.25 - $0.26, then bounce off senkou span B and continue on up.
I'm just getting used to Ichimoku, so please forgive me if I'm reading it wrong. I actually removed the Tenkan-sen, Kijun-sen, and chikou span, and replaced them with my own moving averages and bollinger bands. I think it's easier to read but correct me if I'm doing something fatally wrong!
Let's see where this goes - hopefully we're out of this downtrend!
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Things are looking good so far and traveling right along
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:) Moving right along. I'm also looking for a drop back to $0.25 area, then bounce back up
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Looking for action around $0.265
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$0.265 is a resistance level that should/needs to be broken so I'm hoping for a breakout to $0.275 at least.
Very accurate prediction - I gotta learn how to use Ichimoku...
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@davedesigns, I just started really getting the hang of it and I love it - I got rid of Kijun sen and Tenkan sen and replaced them with some moving averages that I liked better. Also use bollinger bands. Seems to be pretty accurate for me and its working out so far!