The 3D cloud tenkan metric has acted as resistance since August.
Price showed signs of breaking above this level over the past few days but is now showing signs of rejection.
This metric has sent price down over the past few months and based on the 3D cloud alone it seems we may be heading towards another down move.
The cloud edge support on the 12H is slowly beginning to fail as support around 6.5k.
Price needs to remain above this level in order to head towards the opposite cloud edge target at 7.1-7.2k.
The tenkan is now above price which will also act as resistance.
Things are looking meek for the bulls until we can pop back over the tenkan and remain inside of the cloud.
Analysing with Ichimoku clouds has given me the impression bearish sentiment is going to continue on this pair.
Strong sell signal from a bearish kumo twist and kumo breakout, labelled in the chart.
A TK death cross has also appeared following the kumo break out.
Recent low is at 1.28863. My fibonnaci level show price has violate the 50.0 mark and will continue to...
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.
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...
Upper resistance getting thin on ICON as we head into the next run for crypto. Low risk trade with clear targets and bigger ones ahead. Ichimoku confirms low risk on this trade. Key levels below.
Key levels: 0.000616, 0.000707, 0.000849
ETH found short term support on 2 hr cloud, and got rejected by the Kijun (red line). A break of TK could give a small boost and if support holds, continue to 1000 $. Still not very strong though. Another rejection at 2 hr TK, will bring ETH down to test cloud support. If that is lost the momentum downwards could increase. In other words, still a no-trade zone....
Using Renko Charts with Tenkan Ichimoku Line here
ZCoin looks like it's floating in between support levels, hanging low beneath the Ichimoku Tenkan line.
Odds are that we'll be dropping down to the 0.003 BTC support zone from Fall 2017.
It's a pity - was hoping that all the ZCoin masternodes could help keep the price up.
Reaching again critical support levels BTC's bearish trend is getting tired for the following reasons:
- The space between Kijun and Tenkan is widening while the Kijun remains flat
- Flat Kumo showin light resistance
These signs show that the trend is getting tired and might stop, however there are no sign of reversal yet.
I believe we will see a couple days' correction for BTC upwards to possibly around $9.5 tops. After that we will most likely continue our bear trend we are currently in. You can see that we are currently pretty far off the Tenkan line on the 1d charts so we will want to consolidate back to that line.
You can also see that the Stoch is tell us that our RSI is out...
Attempting to get a Bullish TK Cross and starting to break through the clouds. Kumo Twist is not very defined but starting to show bullish future sentiment. Large volume spikes are a good indicator that this may continue it's way up. Just need a strong close above the 200 EMA
Bullish TK Cross and Future Sentiment
If we close above these resistance lines we are looking pretty bullish.
If looking to go long set your stop loss under the support line with the bear fractal.
Very strong support there from the Clouds, EMAs, and Chikou resistance line.
All 4 Signals are Bullish. Stoch RSI looks ready to break towards the upside. May get resistance from the Tenkan at 10714 or the line above at 10964.
If we break towards the downside VERY strong support would come from the Kijun, 200 EMA, and Senkou Span A all arranged perfectly at the 50% retracement. Would be very bullish to bounce from here. Not likely to drop...
COINBASE:BTCUSD should be pulling back to the Tenkan line as it's been off the Tenkan for a few days now. I had originally thought that pull-back would have already occurred but it appears we are going to head to the bottom of the Kumo Cloud (around $12k) before we get this push back. I do not see us breaking through the Kumo Cloud without retracing back to the...
This parity shows signs of recovery after a sustained bearish trend for several days.
We have to be aware of the buying signal that is currently developing.
There are two possible options:
1) Wait for the crossing of Kijun (pink line) by Tenkan (blue line)
2) Wait for the price to close above Kijun (pink line). That is to say to see a candle above Kijun.