Nasdaq is in bear momentum at this current moment. As you can see with all my analysis you can clearly see the sell triggers which are circled, we also what looks like a bearish engulfing candlestick pattern was formed a few trading sessions go (blue square).
So we have lots of triggers indicating that there is more lows to be had.
Although we could see a...
Price is continuing to move bullish with the correction of the lagging span. The Chikou Span bounced off of the cloud for a great bullish entry. We also noticed price is creating an upward channel.
Price has been in deep correction on the daily chart. If you look at ichimoku on the Daily Chart price has rejected at the top of the cloud and currently is projecting a bearish future also known as the kumo. On the hour chart price rejected at the fractal level and created a lower high.
Lagging Span (purple line) is pointed down and we have a bearish tk cross...
Morning folks, as you can the ichimoku cloud is indicating BTC is in for a drop in price. Ive highlighted 3 key alerts for a sell signal for the ichimoku strategy. I have been watching this for a while and the main signal i was waiting for was the lagging span to cross below the cloud. If we finish of this day with the lagging span below the cloud and price...
Bitcoin has been in the range area for more than 3 months, and the prolongation of this period has tired analysts. During these three months, analysts have had differing views on where the breakout will take place. The movement in the swing zone should end gradually and we should see a bitcoin breakout. During this period, not even a confirmed spring or upthrust...
#ATOM short term update :
Identified this area to be a key one for the next days :
-Range between $22.966 and $23.807
-> If we go higher, next target are both Daily Tenkan & 4h Cloud, $24.93
-> If we go lower, breakout of Monthly Kijun prices could test $20.11
Let's wait and see !
Trading range detected, potential positive cross for EMA 12x26 and conversion line x baseline >> the breakout point is 41.5.
Most important is to not break and close below green box
Hello and welcome to this analysis on Mphasis.
In the daily time frame its been in a sideways trend now for quite some time forming an Ichimoku P Wave.
We can see each swing zone has a 3 leg structure testing the 2 trendlines.
Currently it appears to be ending the 1st leg of the the last wave down (likely), a small bounce back from the current level and then the...
Analysing some charts for the following week and found what looks to be a head and shoulders bottom forming. Is the sell off not finished? Could we see another leg down before we recover?
Price broke up past the cloud but this could mean a false breakout and a short term rally, price has dropped below the conversion line and closed below the past 4 periods. The...
Looking at the total market one may find that it can also be measured with the same tools and dynamics of understanding like any chart.
From what i see, this since this is excludng the BTC and ETH, means money is pouring in and out, so id expect a reaction once it hits the conversion line, but the reaction of it is still unpredictable, since in stock-to-flow...
1️⃣ From the point of view of the weekly time frame, the line trend is not clear yet and is still sideways in a fairly stable range.
2️⃣ With the d1 time frame chart, we can analyze a balanced pattern on both x, y axis. According to the Western wave pattern analysis method, this is called the ABCD pattern, in which the sides AB=CD.
However, if we look at it from...
Price is starting to range at this area after strong uptrend. We see a halt in price drop at the kijun level. This I feel will make the price go back up for a while before possibly going into a downtrend. This is a quick daytrade with stop loss below previous candle low. Target to a recent high.
The trade you see on the chart is where I got filled before publish
I've put a stop market order right below the Kijun-Sen as that would mean we are moving away from these 2 strong ichimoku resistance lines. The chikou span is free to go lower as it will take 12 more bars for it to touch close again. It also gives some nice resistance when touching past price area. You can use a smaller stop and take profit to your liking but the...
We got a touch of Kijun-Sen that got rejected on this pair (tellow circle). This happened while we just escaped the bottom range so it gives resistance at the bottom. With this in mind lower your position sizing. The Kijun future is sloping downwards and cloud is bearish. The future cloud does look a bit bullish however. Chikou span is free to move down as seen by...
I recommend anyone in a short to atleast take some profits right now as the drop in price is becoming unsustainable. Especialy if you look at the future of the ichimoku lines you can clearly see a long flat Kijun-Sen. These flat Kijun-Sen lines usualy attract price very well. Bullish candle is already forming on the daily chart and I only expect it to increase. We...
This is not the cleanest Kumo-break you can get as not everything says bullish. For example the Tenkan-sen is below Kijun-sen and laggign span has a high chance on finding resistance in next couple days when touching previous bullish move. I would not allocate alot of capital to this trade as it is not a perfect kumo break. However it will probably have it's...
We got a move straight to the top of the long term cloud and then a big retracement towards the top of the short term cloud. This also coincides with the neckline of the previously formed head and shoulders pattern. Places where multiple supports confluence are usualy very good areas to open a trade. I expect the price to go back up to the top of the orange cloud...
When I just opened the chart I saw a rapid decline from the Kijun-Sen and moving averages towards the bottom of the cloud. I expect price to move all the way to previous range low and put stop right above that range where the Kijun-Sen confluences with that line. Once I master this form of charting Ill start educating, my goal right now is to become a profitable...
