WM - Maps To Greener TendiesPrice action has spent months forming a solid bottom and looks to be making the first moves of a breakout.
The Chikou span is up crossing price action, which generally precedes a breakout.
Senkou span is acting as support, aligned with our first support zone.
I would expect the price action to retest and possibly even break down under the first supply zone.
However, I do not see the case for price action retesting it's bottom unless new information came to light that would have material effects on the company going forward.
This is only a price analysis, and as always, Trade Safe!
Chikouspan
Potential upwards momentum Notice the Kijun-sen has pointed upwards while the Chikou-span has closed above its price 26 periods ago, if you drill down to the daily chart the price is above the cloud but the Kijun-sen points downwards, it's better to keep it in your watchlist to see how it unfolds in the coming days
CHOP ONLYWe have about 14 days until lagging span potentially interacts with price and another 14 days to remain above it. If we are above price by then buy all the bitcoins . If we start intersecting, keep your fiat in the bank. Jokes aside I will keep tabs on this as I think it's pretty important for the macro trend.
Chikou Span (Lagging Span)Trend line of 26 periods behind the latest closing price
Crossing with prior prices confirms trend change
When price and Chikou span cross frequently indicates choppiness and not reliable
Visualize the relationship between current and prior trends, as well as spot potential trend reversals.
Upward trend when the Chikou above the price
Downward when the Chikou below the price
The lagging span line (chikou) has got over the price.The Chikou Span line has got over the price.
The Chikou Span line is free in all timeframes (weekly, monthly, daily).
The RSI indicator does not show an overbought situation.
As written in my previous analysis of the Bitcoin trend, key levels are the same :
TP1 : $12568
TP2 : $13241
TP3 : $14453
Don't forget to keep an eye on the RSI 14 indicator, because if the Bitcoin becomes overbought, then a temporary reversal of the trend could occur before going uptrend again.
BTCUSD Bitcoin 15min analyzed with the Richimoku 4 CloudsAre you an investor on the buy-side or a trader on the sell-side?
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IOST/BTC - Eye the Kijun BounceIOST has dropped right back to the Kijun at the bottom of the cloud and could bounce here.
I have set an alert at 70 sats which is a level where the Chikou will push above the Kijun.
Keep your eyes on this for a potential move.
Trade, Chart, Learn, Repeat
Coach K
EUR/USD - SELL - Downtrend ContinuationLooking at EUR/USD on the D1 Timeframe, from a technical analysis stand point the market is currently ranging within a descending channel, making new lower highs and new lower lows.
I see the market moving as a bullish retracement making new lower high being made on the 23.6 fibonacci level. This is confirmed from the strong bullish pin bar signal after touching the support of my descending channel
Ichimoku Kinko Hyo is also showing me bearish signals which solidifies my statement. Chikou Span is currently below price pointing downwards. The market is currently below a bearish kumo cloud as Senkou Span A is acting as a strong resistance, which is in line with my 23.6 fib level.
Ultimately, before making SELL order I am going to wait for a reversal on the bullish retracement, I will be looking for bearish candlestick patterns on my 23.6 fib level
CHFJPY Trade 17/4/19 BUY FX:CHFJPY
17/4/19
Ichimoku cloud green is above H4 candle
Ichimoku cloud red is above H1 candle
Seller seems still in control
Chikouspan H4 line near big round no 111 and there is 1st price reaction as S1
Can S2 bring the price up further? Or break further down near lower support D1?
Technical + Fundamental on USDCHFUsing the Ichimoku clouds TK Death Cross Strategy, I can see an incoming strong sell signal, This is due to the Tenkan-sen crossing the Kijun-sen from above to below. To solidify my signal on the TK Death Cross the current Chikou span is below the price of 26 periods ago and price is below the Kumo cloud, although it is currently thin, I expect it to expand in the future. Price has also made a retracement from resistance back to the support level of 0.97956 and is looking to continue a downtrend after a prolonged consolidation.
Fundamentally, tomorrow awaits the United States' results on CB Consumer Confidence, this measures the consumer confidence in it's economic activities. Analysts forecast a result of 126.8. A higher than expected result may influence price to violate Ichimoku's analysis, although a lower than expected result will compliment my Ichimoku cloud analysis.
POWR ready to popYellow = Buy zone
Green = Sell Targets
Red = Stop loss
Price has been ranging forming a bull flag in the short term while also following a nice ascending channel in the longer term.
Kijun acting as support
Chikou crossing price
Stochastic has room to fall back into the buy zone
MACD has a very slight bullish divergence.
Price has got under the Ichimoku cloud in 4-hour timeframePrice 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 cloud then that would mean a first confirmation of the downtrend, at least on shorter timeframes.
ETH/USD over the cloud in 4h-timeframe and in the cloud in dailyETH/USD price has got over the Ichimoku cloud in 4-hour timeframe.
One has to wait for the Chikou Span Line (aka Lagging Span Linge) to get over all the obstacles that are over it for now (Tenkan Sen Line, Kijun Sen Line, Kumo Cloud, Price itself).
If the Chikou Span Line / Lagging Span Line gets free in daily timeframe then that would be a good confirmation of the up-trend.
RDD MACD x and ichimoku basicsWe have the beginning of a macd x on the 4 hr. Tenkan Sen, about to cross Kijun Sen on the Ichimoku. Chikou Span crossing above previous the price line, and price breaking out of cloud will be another bullish confirmation. RDD is giving us more and more signs. As always be careful, set stop losses and/or alerts, never panic.
Happy trading!
Ichimoku Lines explained here.
d.stockcharts.com
Look closely on GBPAUDOn the H4 chart we can see, that after a series of decreases there was a short time consolidation, and the price is fighting Kijun right now. If in this area there will be any bearish candle, we can open shorts targeting daily support at 1.7140. Chikou Span line is so far in good place to open position.
Gold Falls and then Rallies Off the 21 Day Moving AverageGold sold off in the overnight session to tag the 21 day moving average. The precious metal then reversed as the New York markets opened up and rallied to close between the 6 and 8 day moving averages. On the whole, gold rose a modest 1.5 points today. Today's doji shows that once again gold seems to be in a holding pattern and moving sideways. Although since this wave started at the end of January, all selloffs have been met with enthusiastic, if not aggressive, buying.
The Heikin-Ashi chart is more bullish and shows that price is trading above the Ichimoku cloud and that the Chikou Span (lagging line) is also trading above price and the cloud. While overall bullish, it's important to observe that today's Heikin-Ashi candle was a red candle. This followed a Heikin-Ashi doji candle the day before. All adds up to some level of uncertainty.
The volume profile chart is also bullish. Notice that the short and long term POCs are right at the same price as the 21 day moving average. That acted as a magnet for price today but then repelled price upward. This is very bullish suggesting that there is a pool of buyers camped out at the POC.
USDCAD the cloud (Kumo) is still defining the resistanceThe Kumo is still acting as resistance for the Chikou Span on the weekly time frame. Price is correcting to the bottom of the Kumo on the BC leg of the larger ABCD correction. This is also the LML of the Pitchfork and 50 week SMA. Still expecting the price to rise in the next week before completing the bigger CD move down.