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Ichimoku Cloud

XRP analysis based on Ichimoku systemIt is just an analysis. Do your trade with your plan. For next 24 hours the Kijun-sen will be at equilibrium and so Tenken-sen. Price is under Tenkensen and KijunSen and all of them are under Kumo cloud so there is a strong resistance. Future komu cloud is descending and Chiku-Span is in a open area, so all of them tell us: most probably there is a down trend . The specified channel as well is showing a descending trend. price at 0.6070 is first support level after it the lower line of channel is the next support level(price at 0.5860) The only thing that may cause the price change its way to up is empty hole between two clouds
BITFINEX:XRPUSD
by e4bahiraee
TSLA is reaching to strong resistance, Watch carefully !TSLA will face a really strong resistance soon. Is it able to defeat the resistance? Watch carefully. Descending trend line, 50 % Retracement of last drop and Kumo flat of Ichimoku system have made a strong alliance to push the TSLA back down. Moreover stochastic indicator is in overbought zone in daily time frame. It is worth to note that general trend of TSLA is down going. Please note that we need a bearish sign in every proposed resistance to go short. We do not go short without a bearish movement. My Recommendations: 1- For those who already have shares: Watch the reaction to proposed resistance carefully. 2. For those who want to go long : It is too risky now, Calculate your Reward/ Risk carefully and stick to your predefined stop loss objectively. Good luck my friends.
NASDAQ:TSLAShort
by SaeedSajedi
4
BTCUSD Weakness Warning!!!We have seen Supports and resistances broken both ways the last 2 weeks. Bitcoin is now right back at where it started its small rally one week ago. Losing around 7% yesterday, BTC dumped right below that green Ichimoku cloud on the 4h timeframe. This is a sign of weakness and the only think holding us away from a potential continuation dump is the local support (white line) . Our current SL will be maintained and not modified. The current formation is a channel that allows for swing trades , channel is between 30k and 40k. I have identified 3 possibilities and marked them with different colors, one thing to note here is the fact that 2 of them are locally bearish.
by SublimeTraders
2
BTC 3MAs resistanceWe are back at the main channel with the current obvious strong resistance are the Three MAs 50,100 and the 200 day. 40k was a previous psychological resistance also. hopefully we can enter the cloud and that would be the crucial stage .. should we break this.. then i would consider it out of the woods... im still a bit bearish since my 27k orders were not filled lol. last filled order was 31200. in case im wrong il be happy with my current portfolio. as always :) happy trading everyone :)
BShort
by ron2ra