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Ichimoku Cloud

Monero Recaptures Key Retracement LevelMonero KRAKEN:XMRUSD continues to outperform the other major cryptocurrencies through this crypto bear market cycle. Last week Monero entered a bullish trend when both price and Momentum (Lagging Span/Chikou) closed above the Daily Ichimoku cloud. This is the confirmation of a new bull trend starting. Momentum has since gotten back inside the cloud but over the weekend Price held the key Level of 139. 139 was the 50% Retracement Resistance of the FTX debacle crash. Price broke the Resistance on November 30th and then came back to retest the level solidly on December 17th now as Support. Furthermore, let's look at Monero's performance relative to others. Measured by the "pre-FTX high" Monero is down -10.37%: Bitcoin remains down -22.48%: Ethereum remains down -29.89%: "Bitcoin is surveillance" As regulation begins to take the center focus of cryptocurrency more users will shift to value in privacy. I'll leave you all with a meme:
BITFINEX:XMRUSDLong
by norok
1
Pro Tip: Trading Ichimoku Signals Confluence on Forex!Here's a great example of a clear uptrend using the Ichimoku cloud indicator. Popularized by the Japanese, I really like the clear trend-following visual that Ichimoku provides especially on the daily and weekly time frames for each it was originally designed by its creator, Goichi Hosoda. Once you have confirmed trends on the higher time frames via Ichimoku, the next step is to confirm entry timings by zooming in to the lower time frames, using your favorite trend-following signals (mine is Trend Pro). This provides great confluence and extra confidence when entering your trades.
Education
by Exponential-X
ETHEREUM STAYING SIDEWAYS...WOW.... Ethereum is actually so boring to watch now. Looking at the daily chart we see it is stuck in a forever lasting descending triangle. Also, I have added a new indicator that I think is very useful and that is the Ichimoku Cloud. This cloud is telling us that Ethereum still is in a downtrend and has strong resistance at the cloud where the green outlines the cloud. Whenever the cloud is thicker that is indicating to us that there is strong resistance and we are more than likely headed back down. As I continue to post more charts there will be different thicknesses of the clouds and that is important, so are the the other indicators. I would highly recommend going on YouTube and looking up the Ichimoku Cloud if you are confused by the other indicators. I am referring the main one which is the cloud for now.
COINBASE:ETHUSDShort
by UnknownUnicorn910751
BTC confirmed the bear flagIn this Bitcoin update can we see that the price confirmed the bear flag but need to confirm the 30k range to confirm a recession as this price range while when the price has confirmed the 25k range would the price be in a free fall period. This free fall line is confirmed by the 200 EMA on the Weekly time frame and if the price, with confirmation, would fall below this line would the price be in a free fall zone. This price range would also act as support in the past but this bearish confirmation is confirmed by the Ichimoku clouds showing bearish signs. Meaning that the price does not have tangible support or resistance more than guestimates and if the price would reach levels like the 20k range and the 10k range.
Short
by vf_investment
3