Crypto market cap is inside the kumo cloud now. However there is a bullish kumo twist. Need price above the cloud and lagging above the price as a confirmation for a healthy #Alts rally.
Price is now inside the kumo cloud after almost a year on weekly tf. On daily tf momentum is getting weak. Expect a short term pull back here.
If price closes above the daily res then we can see next stop at weekly res.
Monthly:
Kijun-sen flat
Tekan-sen flat (Price bounce at Tenkan)
Kumo flat
Chiko above candles
Bullish Kyushu Ashi
Weekly:
Tenkan-sen; Kijun-sen overlap
Price is above both Tenkan-sen and Kijun-sen
Kumo flat
Chiko above candles
Bullish Kyushu Ashi appear => Price will be more likely sideway-up until next Kihon Suchi (17 April 2023)
Daily:
Tenkan-sen; Kijun-sen is...
Price moving up but TK and Kumo sideways.
Also lagging is moving above the price. Todays closing above 25k will decide if it will be 27.5k next or back to 24k
Quick BTC/USD analysis of the last few Months:
Looking at the Price and the Relative Strength Index (RSI) Convergence/Divergence:
From Tuesday 13th Sept 22 until Saturday 5th Nov 2022 we had Convergence with the Price and RSI which indicated a reversal was most likely on its way.
Price = HH - LH (Higher High - Lower High)
RSI = HH - HH (Higher High - Higher...
After a huge retracement, prices found support on the 0.57$ area, one of the most important long term support.
This box show a range scenario, without strong interest from investors on this project for the moment.
Two main scenarii :
First : prices break the resistance at 0.92$
So the activity should be back and the token will be able to go back at 1$ and...
Possible short position here. I've identified a few resistance lines for some targets and confirmed the trend reversual using the Ichimoku cloud. Interested for everyone's thoughts!
VET/USD very quick update.
Here is a closer look at this VET/USD 1 day chart:
VeChain is in a new smaller Descending Channel which is in a massive Descending Channel. VeChain is also in a massive Symmetrical Triangle.
At the moment of typing this, VeChain is still in the Bullish Zone above its Ichimoku Cloud.
At the moment of typing this, VeChain is still...
Multi-timeframe Technical Analysis:
D1 Accumulation Stage Market probably but it bounced off from key uptrend structure within the ranging market.
H4 Kumo Breakout destroying downtrend structure signaling the start of a potential reversal to the upside, noticed it got rejected from the upper trendline so more confirmation could be needed depending on...
Multi-timeframe Technical Analysis:
D1 Bounced off strongly from key support level that holds the uptrend within the ranging market. This happens to be a Demand Zone.
H4 Ichimoku Kumo Breakout destroying downtrend structure signaling the start of a potential reversal to the upside. Please proceed with caution as market on weekly chart is ranging mode.
...
Multi-timeframe Technical Analysis:
D1 Bounced off strongly from key support level that holds the uptrend within the ranging market. Notice that previous support turned into resistance then came back to act as support again.
H4 We can see a clear pierce through the Ichimoku cloud which could potentially signal a reversal and the start of a trend! And...
Multi-timeframe Technical Analysis:
D1 Bounced off strongly from key support level that holds the uptrend within the ranging market.
H4 Ichimoku Kumo Breakout destroying downtrend structure signaling the start of a potential reversal to the upside which goes along with Daily Timeframe trend and structure.
Key Areas
Key Support area: ...
Bitcoin again surprising everyone and breaking upward. Indicators are looking good. It looks like the ichimoku cloud opens up around 35K, which neatly meets the previous low before the capitulation. This looks like a good place to set targets and expect either a pullback or a rest before moving higher. How long this will last isn't clear, but if this is similar to...
