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Ichimoku Cloud

Reputation Gathering: ADAUSD number 3Hi, just trying to pump out more charts so I can eventually chat with the apes. 1) As we all know, ADA weathered the crash like a pro and is mid route to the moon. That said, looking over the daily, things are a bit on the 'IDK' what with the double doji formation: Long legged, followed by doji star. 2) Volume is down, but there is a lot of movement all across the markets today as bulls attempt to break out of the nasty bear run last week. 3) Stochastic RSI is supporting the Ichimoku cloud formations with with the K crossing over D and the 50% mark while the price stays ahead of the cloud formation. Lagging span is a little iffy but could be volatility. All in all, I'm still bullish on ADA.
KRAKEN:ADAUSD
by BallstreetWets
2
ETH/BTC Analysis (Long Bias, More Confirmation Needed)ETH/BTC looks to be finishing printing its inverse Head and Shoulders (iH&S) reversal pattern. This has been forming since September of 2018, almost 2.5 years in the making, and the longer it takes for these patterns to form, the larger the expected upside is for the breakout. The target of this iH&S from confirmed neckline breakout (gold line) is .065430 however a push above to the .382 Fibonacci retracement line acting as resistance is in the cards as well slightly above at .068272 where the 3/1 Gann Fan line would be adding resistance confluence to as well. We are above the 1/1 Gann Fan line which ensures HTF we are still bullish. Ichimoku (not pictured, would make the chart messy): -Kumo Cloud is green -Tenkan/Kijun bullish cross is in the making, if this week closes as reversal and the next few weeks are green then the T/K cross will be confirmed -Tenkan and Kijun are above the cloud which is bullish however -Lagging span is in the price range which is not bullish, these coming weeks need to be green in order for the lagging span to become bullish Overall the Ichimoku isn't convincingly bullish enough for there to be high conviction with this play. The MA 30 moved above the EMA100 in early December which is still bullish as well. EMA100 is acting as another line of support well at the moment. If this weekly candle closes higher than the blue accumulation zone or above the MA30 and forms a bullish dragonfly doji or a hammer, we'll have an increased amount of conviction that we should be expecting more upside. TAKE NOTE: There are a lot of "ifs" in this chart right now... Waiting a couple weeks for confirmation of movement in either direction would be wise before making any big plays although with this bullish ETH news coming out (noted in my last post on ETH/USD), one may be leaning their bias a bit more toward one direction.
Long
by Hrempe
XBI Support on daily, may decide next few weeks (ichimoku)We experienced a very large pull back the past few days and it is reaching the previous high. This may serve as a support on the daily chart. Looking at the ichimoku, there have been two points recently that the chikou span struggled to cross through the price to signal a bearish sentiment. If this pushes through it may be possible that we are more in the bearish territory and looking for entries on shorts would be best. Projecting the trend to the cloud, we can also see that the price has been decreasing faster than the projected forecast of the cloud. This may signal a very strong bearish sentiment. If the chikou span crosses the price and the price crosses the support, I would look into short entries. If the support holds, I am expecting to go back to the recent highs for atleast a 10% return.
AMEX:XBI
by hey_mk