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Ichimoku_trader

JASMYUSDT 🚀 Inverse Head ShouldersHey guys! Today I'd like to share a JASMY Coin idea. I've spotted an inverse head and shoulder pattern that has formed. Confirmation to the bullish upside would be a breakout and re-test of the zone followed by entry trigger dropping into the lower timeframes. Confluences: We need the breakout of the pattern to the upside to confirm bullish reversal. But having this pattern itself after a huge drop, it's pretty awesome. We've got Ichimoku Cloud breakout which signals bulls are taking over still make sure you have a plan to be certain with your confirmations. RSI Bullish divergence signaling the bears have lost power for now. Targets: 1) 0.0050 2) 0.0055 3) 0.0065 4) 0.0070 Stop loss below the cloud or 2 ATR or below swing low. Manage that according to your trading plan. Let's see how it plays out! Kina 🚀
Long
by KinaStar
7
TLMUSDT 💥 At an ALL TIME LOWHere we are at a very key area for this coin. I'd like to see a pattern that would confirm the reversal from this area to the upside. First sign we have is a bullish divergence on the RSI on the daily timeframe still is not enough to confirm bullish bias. So I'll wait for a double bottom or H&S on the H4. This area still is a demand buying zone being the all time low for this coin, it doesn't get any better than this. Could be a very rare opportunity or it could go lower of course. Still first target safely would be: 0.015 as this price had the highest volume profile. We'll be monitoring and updating this till when we ready to open a position. My regards, Kina💥
Long
by KinaStar
6
Ichimoku Kinko Hyo - The Most Underrated Indicator (e.g. NAS100)Welcome to my first educational post. This is a big one, Ichimoku Kinko Hyo is the most underused, underrated, least understood and yet most powerful trend indicator available to the general public. I'll first briefly describe the 4 components: - Tenkan Sen (turning line): it's like a small period moving average but calculated slightly differently. So if price breaks it, it's a first signal of a trend reversal but always wait for the retest. - Kijun Sen (standard line): it's like a larger period moving average but like the Tenkan it's calculated differently. One interesting note is that when it flatlines it represents the 0.5 fib level of the current range. Together, they are used for crossovers just like classic moving averages. - Kumo (Cloud): which is composed of 2 special moving averages called the Senkou Span A and the Senkou Span B. Generally serves as a support/resistance zone and is also subject to crossovers that can confirm reversals (not signal) since it is too slow to signal them. The thicker the cloud the stronger the trend and vice versa. - Chikou Span (Lagging Span): Mirrors current price action 26 periods in the past. In simple terms, it puts things into perspective and can detect potential blocking points for price. Here is a case study of the NAS100 and monthly Ichimoku: What do we see? (Follow the steps) 1) Price breaking the Tenkan and retesting it twice. This is already a major bearish signal. 2) Following the Tenkan break, price doubled down and broke the Kijun + retested it TWICE! A strong bearish confirmation that the downtrend will continue. 3) The Tenkan/Kijun crossover, this is like a death cross of MAs (look it up). 4) This is a reversal signal. You'll notice how price never touched the cloud again. The monthly Ichimoku really puts things into perspective. It really enables you to see the bigger picture and that it is okay to buy in a bear market. You just have to let it guide you. 5) First confirmation of the reversal: the break of the Tenkan + retest. 6) Second confirmation of the reversal: the break of the Kijun + no retest was even needed. 7) 'Golden cross', the Tenkan/Kijun crossing over which is the third confirmation and that price is simply extremely bullish. 8) The Chikou Span breaking past price. This is similar to price breaking a resistance level, it gives the same kind of signal. This is the final bullish confirmation. This a very summarised explanation of how the Ichimoku Kinko Hyo indicator should be used BUT if you want to learn more about it, I strongly suggest you read the book by Karen Péloille: Trading With Ichimoku, A Practical Guide to Low-Risk Ichimoku Strategies. As always, have a lovely Sunday and happy trading! ;)
FX:NAS100Education
by Lexi_Is_Trading
3
XRP|The possibility of starting a new BULLISH waveAfter the price reached the resistance area of 0.7154 in the form of an upward trend, we saw the return of the price, which is in the form of a descending channel. The demand areas in the daily time have prevented the price of Ripple from falling further, which has gathered all the available liquidity in these areas in a last ditch effort to start an upward trend. At the moment, we have to wait for the channel to break upwards, and in the return to valid support areas, we should enter into buying transactions to reach the price targets of 0.7154 and 0.8341.
Long
by Golden_Star1994