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ENJIN Daily Kihon Suchi possible reversal ENJIN has made some massive gains the last few days, but I expect a pull back after today as it is running up against the 51, 17, and 9 periods. Pull back seems to be somewhere around 40%, but after a 200%+ gain in the last 9 day period, I think pull back could be sharp, potentially even to the $.45 mark. The E calculation put the high around $.90 which it obviously shot past. This will be the first resistance point. I see the second resistance area around $.60-$.65 area, followed by a hard support at $.45. As ENJIN has not been in this territory yet, I don't know how hard the token can push upward, so we will see! As always, comments and ideas are welcome! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
BINANCE:ENJUSDShort
by Doc_Deez
8
DOT Daily Kihon Suchi potential reversalDOT has risen 700%+ since December and had a pretty solid bounce off of the $40 mark back downward since mid-late February. As it winds it way back down toward the Kumo, it will run into some weak support around the Tenkan Sen (Red) and the Kijun Sen (Blue) with more solid support holding up around the $29 mark. I would expect DOT to potentially bounce at $29 between a 76 and 9 period reversal area around 11-13 March, and to make it's way back up toward $50+ after testing/surpassing the $40 resistance to finish the climb at the end of March or early April at two potential 26 period Kihon Suchi. As always, comments and ideas are welcome! Please feel free to share your own analysis! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
Short
by Doc_Deez
Possible trend reversal at BTC!BTCUSDT signaled a few days ago that it respected the resistance of 51937 $ and will test the resistance of 45k. We also have an outline of an LTB, forming a descending triangle with the supports below it. To strengthen the signal, the RSI of 14 is forming descending tops and demonstrating that it will respect the resistance of 58.14 Parallel to this, Tekan-Sen (Green Line) has just been surpassed by Kijun-Sen (Red Line) in the Ichimoku Strategy indicating a possible change in trend that could be confirmed after the price stabilization below the Cloud. Due to the Chikou-Span (orange line) being close to the price, I believe in a period of lateralization testing the 45k support q will cause the extension of the Kijun crossing in relation to Tekan indicating the reversal of the trend q we may be close to suffering in the BTCUSDT. Given this context, the volume reduction present in BTCUSDT over the days is a strong sign that we may be ending the upward trend and entering a reversion to a Bear Market. Something that could be confirmed in the next few days. If we close within the linear regression channel again, we will test the 34000 and if we lose this important support we will enter a strong downward trend and I believe that this is exactly what will happen. Summarizing the signs of the reversal q we are close to experiencing through an own analysis for active followers of trend: 1. Kijun cross over Tenkan. 2. RSI (14) making descending tops.) 3. Respect the resistance of 51937 $ 4. Decrease in volume 5. Formation of a low linear regression channel traced from the historic top until the 1st of March. Changing the famous American saying to the new context of the crypt queen: "Sell in March and go away!"
Short
by gastaum
SUSHI 4hr Kihon Suchi potential movementThere's a lot of patterns on this one. Potential reversal point tomorrow around the $19 mark. That particular area is the reversal point for the 200, 42, 26, and 17 periods. Each particular reversal on this seems to be somewhere around 15-25% each move whether up or down. I would expect the reversal to do the same and head toward the cloud at 18-20% or the $15.6 area. Normally I would add in a 9 period reversal area but I only see a couple reversals on that time frame here so I think if it reverses it will be slightly longer than the 9 period movement. If it pushes above the $19 area and closes above I would expect another 9 or 17 period movement before another reversal to potentially a new high over the previous one. As always, comments and ideas are welcome! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
Short
by Doc_Deez
ADAUSD - LONG With all the news around Cardano last weeks I am very Bullish on Cardano If we look at the 4 hour chart we can see we had a retracement to fibonacci 0.168 The ichimoku cloud is still very bullsih with chikou span (green line) above the price Price is above the cloud and is green Tenkan sen(blue line) above the cloud Kijunsen (red line) above the cloud Two ways you could trade this: Long term Stop loss under the cloud 0.96 usd Or shorter term: Stop loss 1.15 just under fibr. 0.168 When you like this idea please tell me in the comments. Will be appreciated I'm not a financial adviser. Just my view on the market
Long
by kratoslab
2
XLM Daily Kihon Suchi potential movementThis is a hard one to look as the patterns are a little harder to discern. The lower timeframe charts are more bearish and there are some bearish movement indicators in the daily chart like the Chiko Span headed downward for the priceline and the Tenkan/Kijun crossover which already happened as the price gets closer to the Kumo. I see some decent resistance around $0.38 and if it can hold that in the next couple days there is potential to rebound back upward toward $0.52 based on the NT calculation. Other calculations will put the price higher around $0.63, but based on all of the chart evidence, IF it bounces back I don't see it breaking the $0.565 mark. In two days, if the trend continues, there is a pivot point at 17 periods from the last high candles with the potential to continue downward for another 9 periods to close out the 26 period cycle back down around $0.235 before another bounce upward. If there is a reversal at the 17 period marker, the upward trend to $0.525 could signal the next reversal downward at that area. I won't be participating in this movement as there is nothing concrete yet, but I like a long after a bounce off the .38 mark. Anything lower than that starts moving into the Kumo where there should be no trades. As always, comments and ideas are welcome! Please share your thoughts! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
by Doc_Deez
2
LINK Daily Kihon Suchi potential reversalFrom late December until mid-late February LINK has climbed upwards of $35 with minimal time frame reversals of 3-4 days before continuing the uptrend until around 22 Feb where there is the potential for a full 9-period reversal. If LINK can continue to stay above the area of $24 and the Kumo a rebound is possible. I'm a bit skeptical on this reversal until we can get another candle closed out and get the lower time frames back to bullish. We are right on the edge of more bearish movement with the possible Tenkan/Kijun crossover and the Chiko Span about to cross the price-line. Utilizing the NT calculation, The area around $37 is the potential target for the 17, 26, and 33 period time frame. As always, comments and ideas are welcome! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
by Doc_Deez
2
DOT Daily Kihon Suchi potential reversalSince around the 27th of December DOT has been on the climb without a significant pull-back but it looks like we are at the end of said pull-back. If the ranging continues until around 2 March we should see a reversal upward after a bounce off of the $29 area. Using the N Calculation a potential ceiling could be around $64 near the end of March which would be the 26 period reversal area. Using the Kihon Suchi idea, we are near the end of the 9 and 65 period reversal periods. As always comments and ideas are appreciated! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only. N Calculation C+(B-A) = D
Long
by Doc_Deez
3
ETH Daily Kihon Suchi potential reversalWe're looking at a potential movement in the next couple days. The green represents Kihon Suchi at 51 periods on the daily chart from January 1st to 19 February where there was some ranging on the 1 hour chart (purple box) and the beginning of a potential 9 period reversal indication starting on 20 Feb. The yellow represents 172 Periods on the 4 hour chart to the ranging area indicated by the purple box, with the next range being 51 Periods to a potential reversal. The candles are very close to the Kumou and the $1425-$1450 area is strong resistance. If the price ranges along the resistance there is potential for upward movement at the edge of the 4 hour 51 period area or the daily 9 period area. If the price moves down and closes below the $1425 area it could move into the cloud where other bearish signals, to include the Tenkan Sen crossing the Kijun downwards, and the Chikou span crossing the price downwards, indicate pretty strong downward movement. The next few days will let us know which direction to move. This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
by Doc_Deez
2
BTC Ranging for the weekend? Thoughts?Based on Ichimoku Kinko Hyo analysis, it looks like we are ranging and potentially hitting possibility 1 or moving to possibility 4. - The purple boxes show ranging on the price and the horizontal Senkou Span B. - Kumo still showing slight upward movement - Tenkan Sen above Kijun Sen - Chiko Span upward looking and above price - Senkou Span A upward movement - Distance between recent high and Kumo Cloud is significant, but retracement inevitable As always thoughts, remarks, and ideas are always welcome! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
Long
by Doc_Deez
Gold/EUR swing MATRIX strategy for latecomersI will provide more technical analysis details for XAU/EUR on the weekly chart. I will provide XAU/USD analysis too. Strong probability for the price to reach 1380e as the flat of the monthly cloud suggest (strong support here). Idea confirmed by the lagging span because is first obstacles are the highers of august and september 2019 candles at 1380e. Our ultimate target is 1077e-1050e zone, at those prices we will maybe change the strategy but it will take weeks and months and I will update the idea before we'll reach thoses prices. From my subjective point of view, I think the price of this old mineral is still overpriced. Bitcoin solves the problem of transporting value in space and time. See you Morpheus
OANDA:XAUEURShort
by Prognosis_Matrix
The Ichimoku Cloud (Ichimoku Kinko Hyo) - WTF is itSo, the Ichimoku Cloud (Ichimoku Kinko Hyo) - WTF is it??? At first the Ichimoku Cloud can look a bit daunting, but after reading this, hopefully it will put you at ease & you will realise that it is a really neat and powerful indicator that shows you Momentum, Trend, Support and Resistance . Note that you can use the Ichimoku Cloud for all timeframes, but it may not work on monthly or yearly charts if there is not enough previous data. The Ichimoku Cloud ( Ichimoku Kinko Hyo) is made up of 5 indicators, The Conversion Line (Tenkan Sen), The Base Line (Kijun Sen), Leading Span A (Senkou Span A), Leading Span B (Senkou Span B) and the Lagging Span (Chikou Span). On TradingView the default settings for the Ichimoku Cloud are: Conversion Line Periods = 9 The Base Line Line Periods = 26 Lagging Span 2 Periods = 52: Is actually the Leading Span B Displacement = 26: Is actually the Lagging Span For the Crypto market, these default settings are no good and we need to adjust the settings because Crypto is 24hrs a day, 7days a week, 365 days a year. Crypto never closes “unless an exchange or broker gets worried” 😜. Using the TradingView’s system, the Crypto settings need to be changed to: Conversion Line Periods = 20 The Base Line Line Periods = 60 Lagging Span 2 Periods = 120: Is actually the Leading Span B Displacement = 30: Is actually the Lagging Span Some people have posted online saying the displacement should be 60 for Crypto, but that is incorrect. 60 gives too much distance from the Cloud (Kumo) and you cannot get accurate readings for Resistance and Support, so 30 is perfect for Crypto needs. Using the Crypto Settings, The Conversion Line (Tenkan Sen) is a Midpoint of the previous 20 Period Highs and 20 Period Lows. The Base Line (Kijun Sen) is a Midpoint of the previous 60 Period Highs and 60 Period Lows. So they are not SMAs or EMAs. What is neat is that if you change timeframes then you will get the 20 & 60 Period Midpoints for whatever timeframe you are in, so it is a very useful tool to see if there is a possible cascade effect happening on lower timeframes that may cascade on to higher timeframes. If the Conversion Line (Tenkan Sen) crosses under the Base Line (Kijun Sen), that is a Sell Signal or varying strength depending on where it crosses in relation to the rest of the Ichimoku Cloud Indicator. If the Base Line (Kijun Sen) crosses back under the Conversion Line (Tenkan Sen), then that is considered a buy signal of varying strength depending on where it crosses in relation to the rest of the Ichimoku Cloud Indicator. The Conversion Line (Tenkan Sen) & The Base Line (Kijun Sen) can act as potential Support and Resistance depending on if the current price is above or below either of the indicator lines. Leading Span A ( Senkou Span A) is a Leading momentum indicator and is already calculated from the Conversion and Base Line values, hence why you only need to add a value for Leading Span B (Senkou Span B) which is 120. The Leading Span B (Senkou Span B) uses double the periods so it will react slower compared to Leading Span A (Senkou Span A). The gap between Leading Span A (Senkou Span A) & Leading Span B (Senkou Span B) is the Cloud (Kumo). If the Cloud (Kumo) is green, that indicates we are in a Bullish Trend for that timeframe. If the Cloud (Kumo) is red, that indicates we are in a Bearish Trend for that timeframe. The area above the cloud is the Bullish Zone & the area below the cloud is the Bearish Zone. Inside the cloud is the Equilibrium Zone, which can be seen as trend-less, uncertainty or trading sideways. A key move to look out for is if the Leading Spans A,B are Crossing/Twisting from either a green cloud into a red cloud or vice versa to indicate a trend reversal. Note the Cloud (Kumo) can be Red or Green while the price action is in the Equilibrium Zone depending on if it dipped down or up into the Cloud (Kumo). Note that because we dip downwards outside of the Cloud (Kumo) that doesn’t mean the Cloud will turn red because we may rebound before the Leading Span A (Senkou Span A) gets a chance to cross Leading Span B (Senkou Span B) and vice versa. If the Cloud (Kumo) is thin then this is a good sign of momentum, when the Cloud (Kumo) starts getting wider, that means momentum is slowing down. The Leading Span A (Senkou Span A) & the Leading Span B (Senkou Span B) can act as potential Support and Resistance depending on if the Price is above or below the Cloud (Kumo), or in the Equilibrium Zone. Note that the Leading Span A (Senkou Span A) & Leading Span B (Senkou Span B) are plotted 30 Periods ahead of the current price. The Lagging Span (Chikou Span) is a momentum and a 2nd confirmation indicator that enables you to see potential trend changes. Using the Crypto settings, the Lagging Span (Chikou Span) is calculated by shifting the indicator 30 periods behind the last closing price. If the Lagging Span (Chikou Span) indicator is above where the price was at 30 periods ago then that is considered an uptrend for the timeframe you are in. If the Lagging Span (Chikou Span) indicator is below where the price was at 30 periods ago then that is considered a downtrend for the timeframe you are in. A Bullish and Bearish confirmation signal can be seen if the Lagging Span (Chikou Span) indicator crosses up or under that previous 30 period price respectively, but also using the other indicators as conformation. If the Lagging Span (Chikou Span) is inside the previous Price from 30 Periods ago, then that is considered sideways trading, choppy or trend-less. The Ichimoku Cloud (Ichimoku Kinko Hyo) is designed to be used as a whole and each of the indicators complement one another. It’s best practice to use it with other indicators like, Volume , RSI , VPVR, MACD , ADX or the SMI. This is my first educational post on TradingView, so i'd thought id keep it brief. I’ll update and go into the different confirmation buy/sell levels, and more on each of the indicators at a later date. I hope you have found this educational post helpful 🙏 In fact, reading this thing back, its not really that brief is it 😅👍
BINANCE:ADAUSDEducation
by TradingThroughTheLens
85
BTC - Potential Short-Term ShorAt the moment of typing this, BTC is testing its 1st Ichimoku Cloud Support on the 1hr chart. If that 1st IC support fails then it will become our new Resistance. We can also see that BTC is testing its lower level of its Bollinger Bands. For confirmation of the potential downwards momentum, wait for the Ichimoku Conversion Line (Blue) to cross back under the Ichimoku Base Line (Orange). If we just use the Ichimoku Cloud then we can see our next of potential level of support is the 2nd Ichimoku Cloud support at $36,000. If that 2nd support fails, then BTC will finally be in a short-term bearish trend because it will finally be in the Bearish Zone of the Ichimoku Cloud System. Looking at our Average Directional Index, the ADX line is 34 and the -DI (Red line) is at 35 and the +DI (Green Line) is at 11 indicating the short-term downtrend is strong. Good Luck
BITSTAMP:BTCUSDShort
by TradingThroughTheLens
BTC - D1 - TENKAN IS AND REMAINS A GOOD BAROMETER...D1 : As already mentioned several times in my previous analysis, Tenkan-Sen should be seen as a good barometer : BULLISH above and BEARISH below ! H4 : Holding very well above the clouds. First significant support @ 35574 ahead of 33552 (MBB) H1 : A downside move below MBB would probably trigger and confirm a short term reversal towards 33926 ahead of 32737 (50% Fib Ret) M15 : Watch carefully clouds support zone Have a nice day.
BITSTAMP:BTCUSDLong
by Ironman8848