Hi Traders!
A quick update on shiba !!!!
If the price close up to 1259 then we will see very good returns!!
personally it is the number one asset in my portfolio
(of course there are others).
let's see during the weekend if he can surprise us..
Be careful and always do portfolio management and if you are not in a good mood then go for a walk or read some...
Remember that after each BOS, retracement occurs.
Positive signals confirmed by Ichimoku Kinko Hyo & other indicators on different time frames as well. Next traget is 33K point.
Moving down to the 1 Hour timeframe, we see price has begun moving into the Kumo and to the far right, we see the Kumo has begun pointing down but it is still green which leads me to believe that price is still Bullish but Retracing.
Moving down to the Daily timeframe, with the Ichimoku overlay, we see price is retracing but I have shaded the Buy Stops that are resting above the past weeks' highs.
I have included the Ichimoku Indicator to give a better visual of my forecast. As you can see, the Kumo lines are level, implying that price may be in ranging. Tenkan and Kijun lines are flat though Chikou Span is still ablove the candles; Candles are still above the Kumo but no explicit inclination up or down.
Using ICT concepts to determine the direction of Price Action, I am forecasting either Neutral (Consolidating Prices) or a move lower. I will overlay the Ichimoku Indicator to better give a visual of my forecast.
FWRY: warrior rest ahead of the next level ... 8EGP Breakout
the closing of the day was the best part of the trading session.
positive sentiments that will lead to crossing the order block; confirmed by chikou span.
Here is a view of my forcast with the Ichimoku overly. (Notice at the right of the chart, in the shaded circle, the beginning of the upward trend in the green Kumo.
For my weekly FUTURES Analysis I employ ICT Price Action Concepts. I utilize the Ichimoku Indicator for my Retracement Levels and to manage my Intraday FUTURES trades throughout the trading session.
Using concepts founded by ICT (The Inner Circle Trader) and my overlay using the Ichimoku Indicator, I am forecasting a Bullish Dollar for the month of March. Analysis of the Dollar is important; it being the default World Currency, having and idea of its movement will aid in your trading decisions.
We finally see FTM breaking the downward trendline yesss!
Now there are 2 short term scenarios that could happen:
Bullish Continuation
We need see price breaking above 0.33 that would confirm bullish bias to the upside
Target: 0.38 - 0.40 area
Bearish Continuation
Price would correct itself down to liquidity area.
Target: 0.24 - 0.20 area
We'll see how...
Overall DOGE has been moving in an upwards rising channel which is mostly known for a breakout or breakdown pattern. It could lead either to a super strong bullish move taking it upto 10 cents or even more or it could just break down until it completely reverses all that it has grown for the past months at around 0.05 area. So this is a dangerous game!
Daily...
