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
Ichimokuchart
Sunshine Behind The Cloud ZIL/BTC #zilliqa $ZIL #zilHere we see our Zil Bitcoin Weekly chart on Binance . You see we've already entered the Ichimoku Cloud here and that is extremely bullish for upside . The top of the cloud is near 355 with further resistances above us at 533 and then the .236 fib is there near 684 . But where things get really interesting is at 1550 because that appears to be the last resistance for Zil and above that we will actually be in price discovery mode ! See that red arrow on my chart ? That is the last resistance I can see on Zil's daily chart . This looks great to see more upside and sitting at 273 right now Zil looks set to see 10x or more .
Testing the uptrend in the Euro Dollar IchimokuIn the Euro Dollar, we have an upward movement that started in March of last year (2020), the upward trend was confirmed, after the price will bounce off the thin cloud that served as support. It should not be a secret for anyone to understand that the Ichimoku shows 3 levels of support / resistance that must be broken before being able to indicate that there has been a change in the trend, and that is perhaps what displeases this indicator the most, since it is loses much of the start of the trend. What are those 3 support / resistance levels?
1- The Tenkan Sen, weak support / resistance level.
2- The Kijun Sen, medium support / resistance level.
3- The cloud, strong support / resistance level.
A trend undergoes several tests before changing, a minimum of 2 times, in others much more. That is why we are currently at an important moment for this pair, since depending on the behavior of the price in the cloud, a third upward push may come that could lead the pair to try to break the previous maximum that was 1.2555 or simply occur a change in trend from bullish to bearish.
From the Ichimoku point of view, the next week should be bearish for this pair, as the Chikou Span (CS) has just cut down on the price with a strong bearish candle, so we are in a strongly bearish moment in the Short term, in the medium term, it is possible that the downward movement will be confirmed if the Tenkan Sen (TS) cuts down the Kijun Sen (KS), it is currently higher. For its part, in the long term, a range is being indicated, this because the movement was bullish and right now it is in a correction that could end in a consolidation or change of the movement.
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.
What's next for Litecoin? Medium Term Target for Litecoin has been reached @ $135 (Feel free to view previous Idea for Analysis)
As stated 1 year from now Litecoin should reach new highs.
For now expect Litecoin to keep pushing higher below are a few target I have in mind. Since new are deep in profit I want everyone to be cautious if we drop back down to the $120 mark before heading higher.
Profit targets are now $150 , $172 , $200
BTC - D1 - Tenkan-Sen = GOOD BAROMETER !D1 : Very impressive price action
Tenkan-Sen, currently @ 29642 should be seen as the first significant support on a Daily basis analysis, ahead of Kijun-Sen and MBB
H4 : Same picture than D1, first support @ 32050 and of 31064 and 30680
H1 : Watch MBB , ST bullish above and ST bearish below
M15 : 50% Fib ret of last upside move is @ 32'400 which is roughly the middle of clouds support zone
Conclusion : As long as BTC stays and hold above Tenkan-Sen, which worked, so far, perfectly well as a support indicator the trend remains bullish on a daily basis for higher levels.
Only a clear breakout of Tenkan-Sen, currently @ 29642 would force to a reassessment view of the expected bullish scenario
Hit my entry level and opened a long positionI should have waited for the breakout however decided to enter on the new higher high to not to be late for the party, now it looks it bounced back from the upper side of the triangle maybe it is going to be ranging in there for a while, still waiting for the TK cross to happen to give us an other confirmation the kumo twist just occured which is positive for now, placed my stop loss bellow the TK lines and just below the triangle.
BABA LOOKS ATTRACTIVE AT THESE LEVELSBaba is now at 2018 levels and looks very attractive.
I'll focus only on Ichimoku weekly.
The tenkan and kijun are acting as support for the lagging span.
The price has reached the top of the cloud, which is acting as support.
Not a bad place to enter a long term trade, with a stop loss at the low of the day.
is the 6 months consolidation over?Printing higher lows and higher hows is the first sign of an uptrend, the conversion line has been dancing with the base line for a long time, but now it looks like conversion line has a lift off. We can place a stop loss just below the cloud which luckily not too far from the price now where we can enter guarantees us a nice risk reward ratio.
ichimoku cloud- Part 1 just talking about iichimoku base
skip from how this japanese indicator will calculate and focusing on how we can use this powerful indicator
sorry
1- let to consider base line
(BL) and convention line(CL) are EMA, BL is fast and CL is slow. so all the rules of EMA's are applicable for these lines also.
2- lagging line (LL) is a line chart just 26 candle back. i mean if you see the chart in line chart mode it will plot a line for you, now shift it for 26 candle back so you have LL. lagging
3- the color of the cloud is not important just take long above the cloude and take below the cloud.
4- just whach when the price is inside the cloud.
the first simple strategy is here, now let to backtest.....
Link Long?Chainlink looks primed for new highs as it forms a bullfllag on the weekly chart. The weekly MACD is set to leave negative territory and enter positive ground soon, while the daily MACD has just turned positive (see above chart), stochastic also is positive.
We're bouncing off the Kumo Cloud right now on the 1D chart (above) and the chikou span looks like it will post a buy signal any moment now!
200MA is just under the cloud providing strong support!
Enjoy!