Ichimokuchart
What's next for Litecoin? Medium Term Target for Litecoin has been reached @ $135 (Feel free to view previous Idea for Analysis)
As stated 1 year from now Litecoin should reach new highs.
For now expect Litecoin to keep pushing higher below are a few target I have in mind. Since new are deep in profit I want everyone to be cautious if we drop back down to the $120 mark before heading higher.
Profit targets are now $150 , $172 , $200
BTC - D1 - Tenkan-Sen = GOOD BAROMETER !D1 : Very impressive price action
Tenkan-Sen, currently @ 29642 should be seen as the first significant support on a Daily basis analysis, ahead of Kijun-Sen and MBB
H4 : Same picture than D1, first support @ 32050 and of 31064 and 30680
H1 : Watch MBB , ST bullish above and ST bearish below
M15 : 50% Fib ret of last upside move is @ 32'400 which is roughly the middle of clouds support zone
Conclusion : As long as BTC stays and hold above Tenkan-Sen, which worked, so far, perfectly well as a support indicator the trend remains bullish on a daily basis for higher levels.
Only a clear breakout of Tenkan-Sen, currently @ 29642 would force to a reassessment view of the expected bullish scenario
Hit my entry level and opened a long positionI should have waited for the breakout however decided to enter on the new higher high to not to be late for the party, now it looks it bounced back from the upper side of the triangle maybe it is going to be ranging in there for a while, still waiting for the TK cross to happen to give us an other confirmation the kumo twist just occured which is positive for now, placed my stop loss bellow the TK lines and just below the triangle.
BABA LOOKS ATTRACTIVE AT THESE LEVELSBaba is now at 2018 levels and looks very attractive.
I'll focus only on Ichimoku weekly.
The tenkan and kijun are acting as support for the lagging span.
The price has reached the top of the cloud, which is acting as support.
Not a bad place to enter a long term trade, with a stop loss at the low of the day.
is the 6 months consolidation over?Printing higher lows and higher hows is the first sign of an uptrend, the conversion line has been dancing with the base line for a long time, but now it looks like conversion line has a lift off. We can place a stop loss just below the cloud which luckily not too far from the price now where we can enter guarantees us a nice risk reward ratio.
ichimoku cloud- Part 1 just talking about iichimoku base
skip from how this japanese indicator will calculate and focusing on how we can use this powerful indicator
sorry
1- let to consider base line
(BL) and convention line(CL) are EMA, BL is fast and CL is slow. so all the rules of EMA's are applicable for these lines also.
2- lagging line (LL) is a line chart just 26 candle back. i mean if you see the chart in line chart mode it will plot a line for you, now shift it for 26 candle back so you have LL. lagging
3- the color of the cloud is not important just take long above the cloude and take below the cloud.
4- just whach when the price is inside the cloud.
the first simple strategy is here, now let to backtest.....
Link Long?Chainlink looks primed for new highs as it forms a bullfllag on the weekly chart. The weekly MACD is set to leave negative territory and enter positive ground soon, while the daily MACD has just turned positive (see above chart), stochastic also is positive.
We're bouncing off the Kumo Cloud right now on the 1D chart (above) and the chikou span looks like it will post a buy signal any moment now!
200MA is just under the cloud providing strong support!
Enjoy!
AUDJPY ICHIMOKU SAYS OF SELLINGGreeting Traders.
We have shown two lines here, one is red and blue which is red one is Kijun Sen and one is a blue line is called Tekken Sen.
when the blue line crosses the downside of the red line, the movement of the market will be down
Right now I think the movement of the market will be down.
Thank you.
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NQ short below the cloud resistanceMan what a choppy sideways mess. We have been trading around this cloud resistance all week. Almost seems like the market is waiting for something. I think it is waiting on the eventual Trump re-election. All I know is that there is no real movement or momentum. But I have to go with what the market is telling me. Of course this setup is only good until 15:00 HST. After then it will be canceled. Let's see what happens.
Entry: 11634.25
SL: 11753
PT: 11500 or lower
AUD/JPY - Ichimoku ShortsThis pair broke down last week and is now holding at a bearish tenkan sen.
I am looking for a push slightly lower to trigger a sell for entry.
I've drawn out a couple targets for partial take profit on the way to my overall target.
As long as we can stay below tenkan sen I'll be looking to add to this position as it falls as well.
If we fail to break lower or if our bearish confirmations change, this setup may become invalidated.
GBPCHF, daily tf, bulls in control after 3 weeks consolidation 2Hello my friends,
Today i am gonna update some of my live positions.
First is this GBPCHF pair which i took yesterdat and already posted it since 30th August 2020.
Buy order activated at Monday 31st August 2020 and today it hit TP 1.
I took the profit here for 170 pips and closed all GBPCHF buy position.
Congrats to everyone taking this position with me
GBP/USD Rebound - Ichimoku Long SetupThis pair finally broke up and beyond the resistance it's been stuck at.
We're in a nice bullish trend and I'm looking for a good entry to try and get long.
I've drawn out this setup expecting a drawback to test our previous resistance level which could now act as support.
When you trade ichimoku the concept is pretty simple, wait for a trend to establish, then look for a good place to get into.
From a high level that's all I'm looking to do in all trades, including this one.
I've drawn out some partial profit levels to look for if we can indeed get a drawback and good entry.
If support fails to hold, or if our bullish confirmations change, this setup may become invalidated.