Ichimokuchart
Bitcoin Potential MovementAs Bitcoin consolidates we see some potential movement ideas. One is if BTC pulls back past the 56k mark there is a secondary support at 50-52k. If it does not pull back that far then we could potentially see movement off of the 56k support upwards toward 70k+.
Multiple scenarios based on the Ichimoku Kihon Suchi are displayed, but all indicate upward movement. The key support is 56k so if it moves above, we will likely movement back upwards towards the 70k mark, with key resistance around 61k.
If the 56k support falls, the 50-52k Support will likely fulfill the bottom end of the upward channel leading back to the upward trend.
As always, comments and ideas are welcome! Please let me know what you think!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
KUCOIN:BTCUSDT
Cardano (ADA) Potential MovementAfter the March 1 Mary hard fork ADA saw a pretty sharp downward trend for a few days with a little bit of a pull-back/range, then downward again. It looks like ADA could break either direction with the 1.025 area being the first point of support. If it breaks the 1.025 area it will be followed by a pretty wide potential support block between 0.84-0.95 at a 17 and a 9 period Kihon Suchi area.
If there is a reversal around 1.025 (or even prior to that) we could see movement upwards again toward the initial resistance point of 1.30-1.32 as with the fork. If it can break 1.2 and 1.32 resistance we could see some consolidation at 1.5 with possible movement upwards of 1.7 at a 9 period Kihon Suchi or even $2 not far beyond that.
If ADA continues downward past the 1.025 mark into the 0.84-0.95 range, there is potential to bounce back and continue the trend mentioned above at later time periods or go beyond that with the next real support being at the bottom.
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.
KUCOIN:ADAUSDT
GBPJPY reaching for the TOP. Inevitable fall NEXT WEEK. Looks like the last week of growth for GBPJPY with a strong resistance @ 152 area. A cluster of two targets N and V from Hosoda's targets aka Ichimoku Sanjin's. AB=BC in bot ways - Time 25weeks and Price range 1:1
Possible correction to 142 Of course the World will blame Megan and Harry for that :D