The graph is self-explanatory and it is commented on the main aspects of the operation using Ichimoku strategy. Additionally, if we look ADX + DI , Di+ is bearish and it confirms the strength of sellers.
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Buy: As explained above. This is not an exact price but an event.
Take-profit (short term): ~ from 17.5 to 18.35
Take-profit (medium term): ~from 19.0...
Price has been pulling back from the past run and moving down a bear channel.
The wicks sliding down the bottom of the channel signals strong psychological buy power waiting on the sidelines. They moved in after the memorial day weekend ended. Pushing price from ~7k-7.5k
Our previous daily candle closed bearish but we can see by the wick the there was still...
Mainnet launch approaching fast (June 1st) and Eos is cruising dangerously close to the 1day Kumocloud. Ooooo the suspence and drame :-)
All fingers crossed that we'll remain above the cloud
We have a falling wedge being formed by the price and a rising wedge forming on the RVI.
Furthermore, DIs are bearish. Luckily there isn't much strength behind that.
Kumo acting as powerful resistance. However, in the future the Kumo is weakening as the Senkou span B declines.
Stochastic RSI was denied by past resistance.
Price will most likely begin to...
Price should fall over the next few hours.
Senkou B is still flat - bearish
Senkou A is beginning to trend up
The downward price action should continue as the kijun moves on top and the tenkan races up the kumo to meet it.
Double top on the stochastic RSI with room to fall.
DIs are moving in the direction of a bear cross.
Potential 3 black crows forming on...
Just to show that the green cloud is building up, I know that I'm ignoring the bearish TK Cross on the 1h, that is concerning, but still taking the bet and hoping not to get rekt.
The trendlines from the 4h look misplaced on the MACD & RSI.
Price is actually testing a support of 7632€.
Uptrend scenario
If price bounces on 7632€ then it might get uptrend again ; The lagging span line is still inside the ichimoku cloud ; The lagging span might bounce on the lower line of the kumo cloud.
Downtrend scenario
If prices gets under 7632€, and the lagging span line (chikou span line) gets under the ichimoku...
A combination of Ichimoku and fib retracement.
Not convinced of entry here
-Ichimoku signals could be a lot stronger
- poor volume
-resistance at 0.618 fib
At night there was a break out of bullish Kumo cloud. Right now, we can see small bearish reaction. Maybe there will be an opportunity to open longs. We just have to be careful about Chikou Span setting, currently there is no way to enter long position, maybe in near future it will change.
GBPJPY - on the H4 chart we can see, that price is sliding on the edge of bullish Kumo. If in this place there will be any clear buy signal, we can open long position targeting the resistance in 152.90 area. We just have to be careful about reward to risk ratio, it has to be bigger than 2:1.
On the H4 chart we can see, that AUDJPY came back above bullish Kumo cloud. Currently it is sliding on the Chikou Span A line. If in this place there will be any buy signal showing up, we can open long position with the target on the resistance in the 86.10 area. We have to be careful about Chikou Span line. Currently it is below the price and it doesn’t look like...
GBPCAD - price came back in the area of broken 1.3070 level. It is also close to bearish Kumo cloud. If there will be a rebound from the cloud and going back below resistance, we can look for opportunity to open shorts. Depreciation can even reach support at 1.2850.
