Daily trendline viewed in H4.Will the price go downward to the trendline ?
If yes then will it get below it to dump ?
Ichimoku Cloud
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.
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.
CADJPY down after H&S neckline breakoutComment:
CADJPY is trending down after Head and shoulders neckline breakout as well as Ichimoku trend analysis.
Ichimoku Trend Analysis (KTS):
- Kumo (Senko span A and B) down
- Tenkan sen down
- Kijun sen down
- Chiko span below candles
Next Scenario:
Need to wait for today's candle close. And once the breakout is confirmed, look for a selling edge.
Target to be 102.582, then 101.413.
EURCAD is bullish nowComment:
EURCAD is bullish based on Ichimoku trend analysis.
Ichimoku Trend Analysis (KTS):
- Kumo (Senko span A and B) up
- Tenkan sen up
- Kijun sen up
- Chiko span above candles
Next Scenario:
Market is going up towards 1.39766. Once it breaks, it can reach 1.42354, then ultimate target to be 1.46381.
GBPCAD is continuously bullishComment:
GBPCAD is continuously bullish after my analysis yesterday.
Ichimoku Trend Analysis:
- Market is above Tenkan sen
- Chiko span above candles
Next Scenario:
Market touched the resistance of 1.61814 and retracing today. Better to wait for the breakout for the next buying opportunity.
GBPCAD about to break Daily resistanceComment:
GBPCAD is bullish and about to break Daily resistance level of 1.5975 level.
Ichimoku Trend Analysis
- Kumo (Senko span A) is up
- Tenkan sen up
- Chiko span above candles
Next Scenario:
Candles also showing inside bar, so better to wait for 1.5975 breakout and follow uptrend afterwards.
Ichimoku Analysis for RSRprice closing below the cloud and also lagging coming below the cloud. We could see 0.0049.
DOWNER EDIE LIMITED- ICHIMOKO WEEKLY ANALYSISProbable to touch broken Tenkansen and climbing to KJ...
Wait for approval of returning from TK...
Hope Is Kindled: Bitcoin Going into the WeekendFor the first time in many months the price of Bitcoin COINBASE:BTCUSD has pushed a closing bar outside of the Daily Ichimoku Cloud.
Using the Daily Ichimoku Cloud indicator on the traditional setting (9, 26, 52, 26) has been an accurate tool in defining the trend of Bitcoin going back over a decade. I even did a study proving that the performance of using this strategy outperforms even HODLing the whole time.
The next key indicator to consider Bitcoin properly in a bullish trend is for Momentum (aka Lagging Span, Chikou) to close outside of the Ichimoku Cloud. The price for this to happen in the near term is around 21900. Watch this weekend and into next week for the move to continue. In the meantime... the other major cryptocurrencies to watch are doing similar patterns:
Ethereum: COINBASE:ETHUSD
Much like Bitcoin price has closed outside the Ichimoku cloud but Momentum still lags. Ethereum becomes full on bullish with time and/or capturing 1700.
Monero: BITFINEX:XMRUSD
Interestingly Monero is demonstrating MORE bullishness. Monero according to the Ichimoku strategy rules is already full bullish trending outside of the cloud.
EURUSD about to break Daily Kumo Comment:
EURUSD Daily timeframe shows it's about to break Kumo. Once it happens, market can be continuously bullish.
Ichimoku Analysis:
- Tenkan sen and Kijun sen gold cross happend already
- Chiko span breakout happened already
- Kumo breakout is about to be happening
Next Scenario:
Once Kumo breakout happens the next target will be 1.0197 then 1.0367
Ichimoku cloud won't break!We have only touched the bottom of this cloud 4 times now in almost 12 years. Everytime we do, it means something huge for ole' BTC. First two times it indicated approx. 30x gainz. Second time, 20x. Third time 10x?
We shall see folks. Buckle up cuz' either way I smell something big!
Stew
USDJPY broke the resistance levelComment:
USDJPY broke the resistance level of 145.9 where BOJ intervened, and showing continuous uptrend.
Ichimoku trend Analysis (KTS):
- Kumo (Senko span A and B) up
- Kijun sen up
- Tenkan sen up
- Chiko span above candles
Next Scenario:
- Market can go up to 147.7 which is the resistance way back in Aug 1998.
- Once it breaks, possible to go up to 150 level.
- BOJ might intervene again, especially when it gets closer to 150 level.
- Watch out US CPI
AUDUSD reached the target, still downtrendingComment:
AUDUSD reached the target of 0.62519 and is continuously bearish.
Ichimoku Trend Analysis (KTS):
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
The market may retrace / consolidate today as it reached the support. However Daily timeframe Kumo is sitll thick, so it could break the support and continuously bearish.
