Here we have a 16 bar lag. The price breaches bearish and then beltlines bullish, and the red cloud continues bearish around the bullish low. Note: a signal for a lower low but price is a higher low is a reverse bullish signal. This example is a reverse bullish divergence signal methodology.
Hello and welcome to this analysis
In the daily time frame after a very strong run in 2022-23 the stock is showing a reversal signal.
It could test the Ichimoku kumo levels of 1550-1525 as long as it sustains below 1625.
1. Touched Top of Major Trend Line December 2021
2. Resistance at Top of Trend Line
3. Lower High/Lower Low Bear Channel
3. Ichimoku Death Cross
4. Kumo Cloud Flat
5. Target 45.13 January 2025
6. Ichimoku Time Theory Confluence - 9 Period + 26 period
1. Stochastic Death Cross
Just pointing out that we have broken above the Ichimoku clouds for the first time on the daily since falling below them in November, 2021, when the bear market began. This doesn't necessarily meant he bear is over. The last bull run, the cloud broke TWO times before we started the bull. However, in the 2018 crypto winter bear, which the current bear is much more...
●Ichimoku Price Theory ?
Among the important auxiliary Ichimoku Indicator of Goichi Hosada, theory, wave theory, price theory today I am going to analyze the price theory.
The Elliott wave is stereotyped as five-par and three-par of rising and falling, but the one-sided balance theory believes that the wave will continue as long as the high and low points are...
PLUG ICHIMOKU ANALYSIS :
The price is currently supported by Kijun, Tenkan and 20 and 50 EMAs, with Kinjun and Tenkan about to cross over. The price action is building pressure for a move above the 2 following resistances:
1. the current candle is just at the top of the cloud, looking for a break out.
2. The lagging span is stuck below the 100 EMA and...
SNX (Synthetix Network) Binance Chart
Ichimoku : The lagging span was blocked by the candle. Price still below the cloud so trend still bearish.
Kijun and Tenkan as support
Trend line : was broken which shows some signs of reversal. Price now retesting the trend line, could bounce and start an uptrend.
Targets: Fibo extensions on the...