Getting above its daily cloudGetting above its daily cloud.
We have to wait to see if the price closes above it.
Ichimoku Cloud
The price might go back to 16203The price has got below its daily Ichimoku forecast line.
The chikou span has got below its daily Ichimoku forecast line.
BUT : the chikou span is above its Kijun sen line.
The price might go back to 16203 = The low of the japanese candlestick from which the Daily IFL was drawn.
Possible resistance before going to 16203 is 16432.8 = the kijun sen level below the chikou span.
Current price = 16668.
Might be interesting to shortThis asset might be intersting to short.
Ideally one should wait for the Chikou Span to get below its cloud.
An interesting zone that could be tradedHere is an interesting zone that could be traded.
The Chikou Span in still in the cloud.
The better would be to wait for the CS to get below its cloud.
But there might be a shorting opportunity here.
Next possible trading zoneIf the price keeps on going up then this zone could be a good one for trading.
Setups for MondayOrange pairs: AUDNZD, AUDCHF, NZDCHF, GBPCAD, EURAUD, GBPNZD, NZDCAD, EURNZD, EURCAD
Green pairs: USDCHF and GBPCHF
Purple pairs: AUDCAD and EURGBP
*
Orange = Moving away or getting slowly to our trade, not suitable for a trade yet unless it's giving a little bit more in our direction
Green = Close to a trade, needs a break for anything serious
Purple = Very close to a trade! Needs a retest or a break of exhaustion point for an entry.
Have a great week all! :)
Next key levels Next key levels if the price keeps on going up.
In paralell the Bitcoin is trying to get above its H1 Ichimoku cloud.
H1 Ichimoku Forecast Lines.Here are the latest H1 IFL.
If the price gets below its IFL and if the Chikou Span gets below its one then a return to 16728 could occur.
The Chikou Span has got below a trendline.If it keeps being under this trendline then the price could go down to 0.9
Daily trendline viewed in H4.Will the price go downward to the trendline ?
If yes then will it get below it to dump ?
H4 trendline viewed in H1Will the Chikou Span get above the trendline ?
If yes, will the price pump ?
H1 trendline viewed in M15Will the price go up to the trendline ?
If yes, will it get above it and pump ?
H4 trendline viewed in M15Will the price go down to the trendline ?
If yes, will it get below it to dump ?
The Chikou Span is trying to get below its Kijun Sen.
Daily trendline viewed in H4.Will the price go down to the trendline ?
If yes, will it get below it and dump ?
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:
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.
USDJPY broke Daily support, bearishComment:
USDJPY broker the support level of 137.695, continuously bearish.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Possible to reach 131.740 as it continuously goes down.
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.
