Nothing is bullish about Ethereum - Ichimoku 1day chart
Nothing is bullish about Ethereum, keep that in mind.
Bitcoin is probably the best crypto to follow closely as everything else will just follow BTC - Including Ethereum, although Vitalik likes to disagree.
So, what do we have:
(1) A bearish TK cross. Price is going sideways so I don't think it's that valuable at the moment, but it is still bearish.
(2) A bearish cloud.
(3) Lagging span is beneath the price again, another bearish signal. Price going sideways so just like the TK cross, not that valuable at this moment, but bearish nonetheless.
(4) Price is still below the cloud.
TLDR; what do we do:
If you are looking for a long, Ichimoku tells you that it is best to wait until all components flip bullish (see the ones I described above) - and all of them are still bearish.
Look for the support bounce, indicated with the yellow line. It could bounce up a bit, but the complete movement definitely depends on what Bitcoin does - check out my Bitcoin chart on how to trade Bitcoin the following days (CRUCIAL!);
Bitcoin is probably the best crypto to follow closely as everything else will just follow BTC - Including Ethereum, although Vitalik likes to disagree.
So, what do we have:
(1) A bearish TK cross. Price is going sideways so I don't think it's that valuable at the moment, but it is still bearish.
(2) A bearish cloud.
(3) Lagging span is beneath the price again, another bearish signal. Price going sideways so just like the TK cross, not that valuable at this moment, but bearish nonetheless.
(4) Price is still below the cloud.
TLDR; what do we do:
If you are looking for a long, Ichimoku tells you that it is best to wait until all components flip bullish (see the ones I described above) - and all of them are still bearish.
Look for the support bounce, indicated with the yellow line. It could bounce up a bit, but the complete movement definitely depends on what Bitcoin does - check out my Bitcoin chart on how to trade Bitcoin the following days (CRUCIAL!);
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