VIBE/BTC -> Awesome setupAwesome setup over here.
VIBE is heading into the cloud with a TK Cross.
EMA 8 and 21 are also crossing.
We see some volume increasing , but not very much.
RSI is heading to the 70%, this means we can see some more grow right now, otherwise we will see some correction in the RSI but if VIBE is staying in the ichimoku cloud then we can suspect a bullish divergence..
Entry : 220
Stop loss : 210
Take profit on the targets that are defined in the chart!
Ichimokuchart
RL 10% shortRL has been rejecting near the bottom of the cloud for the past couple of days, and it just broke past the moving averages. We see it breaking through the top purple line, which has been acting as a support/resistance level dating back since 2010. I think it will move down to ~$84.90 which is where we have been seeing resistance/support action since 2/10/16, and we can also see the sharp chikou on 7/10/19.
ALSI - Resitance hit at the top of the 4HR Kumo cloudJSE:J203
Price bouced of 4HR Kumo cloud resistance level
Ichimoku values and theories - connecting with othersIf you are someone who has worked with Half values and theories of Ichimoku, you'll understand the constant study which goes into perfecting the art, especially if you don't speak the native language of Japanese (birthplace of Ichimoku)
This will seem odd to the western traditional traders approach to Ichimoku but wanted others to see how the practice is a deep rabbit hole one needs commitment to understand.
Any questions or feedback is welcome.
Looking for others who have some traditional back-ground into Ichimoku trading to share different perspectives on the art.
Pound Still Taking A Pounding? - Ichimoku GBP/USD Short TradeThe Pound has fallen drastically with all of the Brexit drama unfolding. As May steps down as Prime Minister there will likely be more uncertainty ahead as a deal or referendum waits to be hashed out. I am looking for a rejection here at kijun sen for another chance to sell as we look to take advantage of this goliath bearish trend. If we find that good rejection candle I'll enter a sell and I've drawn out a few targets I'll be aiming for to take partial profit at along the way. However, if we fail to get rejected at kijun or our bearish signs start to change, this setup may become invalidated.
$CRON: Long term swing trade (1-2 year hold)Disclaimer: This trade is only for the patient.
- After a few weeks of consolidation, a safe entry can be initiated.
- Weekly cloud is thick in volume showing bullish trend is intact.
- $CRON has significant advantage over their piers having a helping hand from $MO (Altria). With their cigarette distribution system, 1.8 billion investment & connections to more potential partners, $CRON is set to go to the moon.
An analysis, not financial advice.