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Ichimokukinkohyo

ADA/USDA quick look at the ADA/USD 1 day chart: ADA is still below its Longterm upwards Pitchfork (Blue A,B,C) Median Line on this 1 day timeframe. ADA is also below its smaller descending Pitchfork (Black A,B,C) Median Line on this 1 day timeframe. ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 day timeframe. Note that the Lower Band is till pointing downwards and the Upper Band is now moving downwards. At the moment of typing this, ADA is trying to get back and stay above its Least Squares Moving Average (LSMA) on this 1 day timeframe. Note that ADA is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts entire Visible Range. Looking at this range gives us a sense of potential upcoming areas of previous volume interest that may offer good buying opportunities if ADA drops lower. ADA is also still under its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 11x Daily Candles that i have Selected. Looking at the Ichimoku Cloud with the 20,60,120,30 settings: The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the Mid-point of the Short-term Momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the Mid-point of the Mid-term momentum is also sideways at the moment. The Ichimoku cloud Lagging Span (Chikou Span) is indicating that momentum is upwards at the moment for this 1 day candle. Note that The Lagging Span (Chikou Span) is still under the Price from 30 Periods ago. Note that both the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) are moving sideways at the moment indicating a decrease in volatility at the moment. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is strong with the ADX (Orange Line) at 40.249 and above its 9 Period EMA (Black Line) which is at 37.203. Negative momentum is still dominant with the -DI (Red Line) at 29.750 but note it has dropped from 37.0. Positive Momentum has increased slightly with the +DI (Green Line) rising to 10.83. Looking at the Moving Average Convergence Divergence (MACD), we can see that momentum is sideways with a slight upwards trajectory. Note that the MACD Lien (Blue Line) is still under its Signal Line (Orange Line) and still in the Negative Zone under the 0.0 Base Line on this 1 day timeframe. Potential areas of previous Volume interest to look out for if you want to go long on ADA if ADA drops further are potentially: $0.411 to $0.298, $0.179 - $0.128, $0.111 - $0.082, $0.049 - $0.033. Using the indicators on this chart, for confirmation of a renewed mid to longterm uptrend on this 1 day timeframe, we need to see: 1: ADA to successfully close a daily candle ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA and stay above it. 2: ADA to successfully close a daily candle ABOVE its Least Squares Moving Average (LSMA) and stay above it. 3: ADA to cross back into the Bullish Zone of the Ichimoku Cloud and for the Leading Span A (Senkou Span A) to cross back ABOVE the Leading Span B (Senkou Span B) creating a Kumo (Cloud) Twist creating a new Bullish Green Cloud for this 1 day timeframe. 4: The Ichimoku Cloud Lagging Span (Chikou Span) to cross back ABOVE the Price from 30 Periods ago and stay above the price below it. 5: The +DI (Green Line) to cross back ABOVE the -DI (Red Line) on the Average Directional Index (ADX DI) 6: the MACD Line (Blue Line to cross back ABOVE its Signal Line (Orange Line) and back ABOVE the 0.0 Base Line into the Positive Zone on this 1 day timeframe. 7: ADA to cross back ABOVE both Pitchfork Median Lines especially the Longterm upwards Pitchfork (Blue A,B,C). Apologies for the lack of posting, i have been busy filming a new feature film. I'm sure there's more things i could post and I've probably missed a few things but this hopefully gives people enough for to ponder. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSD
by entertheroach
💡Don't miss the great Sell opportunity in AUDJPYHi dears The chart appears to be moving in a flag-like descending pattern. Just like the NZDJPY chart I analyzed, the AUDJPY chart will continue to fall in the coming days. Whenever the dotted line is broken, this drop becomes stronger. Be sure to look for sales in low time frames. For daily confirmation, see the daily chart below 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by hamidreza_FX
1
NAS100USD Analysis Nasdaq is in bear momentum at this current moment. As you can see with all my analysis you can clearly see the sell triggers which are circled, we also what looks like a bearish engulfing candlestick pattern was formed a few trading sessions go (blue square). So we have lots of triggers indicating that there is more lows to be had. Although we could see a relief rally before moving further downwards if we get a candle close above 12700 we could see price moving back up towards the cloud so thats something to keep an eye on. If we get a close below 12111.4 I will be expecting price to move downwards towards the next resistance zones around 11500-11000. As always share your thoughts whether you disagree or agree. cheers.
OANDA:NAS100USD
by Shealy
💡Don't miss the great Sell opportunity in AUDUSDHi dear Members . Hope you all are enjoying our ideas and analysis. It seems that have entered a triangular pattern, we should see the Australian dollar down in the coming days. The area we are in is a very low risk area for sell. You can use the lower trigger time frame to enter. To be more sure of the Australian dollar movement, it is better to look at the New Zealand dollar movement because the movement of these two currency pairs against the US dollar is similar but with some delay. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by hamidreza_FX
7
BTC- DAILY - BEARISH ENGULFING !DAILY A perfect example of a BULL TRA P triggered by yesterday’s price action; indeed, after the impressive rally seen before yesterday, the « BULLS » lost control and as mentioned in my yesterday’s analysis published in French, the BEARISH trend was still alive as the KIJUN-SEN Had been not broken yet and which has been confirmed by the long black candle (BEARISH ENGULFIING PATTERN) triggered by yesterday’s price action. And now what is going on ? RSI below 50, @ 37.34 and the LAGGING LINE far below the clouds ! Situation is pretty clear, in order to stabilize and neutralise, at least, temporary, the ongoing downside risk, the BITOIN should imperatively recover and close on a daily bais above 38’110 (cluster of Tenkan-Sen, former minor uptrend support line and level of the middle of the last big black candle ( a daily closing above 38’110 would trigger a PIERCING LINE). A failure to do it, would put the focus to the next support around the 35’000 area, which is the weekly uptrend support line, ahead of 34’325 (January low) AND 32’950 (FEBRUARY LOW). KEY PIVOT SUPPORT LEVEL ON A WEEKLY BASIS BEING @ 28’600 WHICH IS THE TRIGGER LEVEL OF A MAJOR DOUBLE TOP FORMATION (64’895 AND 69’000. 4 HOURS The breakout of the cloud was clear, and radical with a long black candle which opened @ 39’500 to move down towards a intraday low of 36’520 and to close 4 hours later @ 36’920 Levels to watch on a 4 HOURS closing basis are the following : On the upside : 37’815 On the downside :35’580 GRAPHIQUE 1 HEURE Far below the clouds and the KIJUN-SEN. Actually trying to upside breakout the Tenkan-Sen. Caught between 35’579 in support and 36’650 in resistance. Watch this trading range as very short term leading indicators, as an upside breakout would open the door for 37’286, 37’814 and 38’342; please take note that this kind of recovery, should be, once again, seen and considered as a corrective tactical move only (countertrend) in A STRATEGIC BROAD BEARISH TREND. Do you find my analysis are pertinent and bring you added value to your trading decisions ? If the answer is YES, pleas do not forget to like it and for those who do not follow me yet, pleas also add IRONMAN8848 in your following list. fr.tradingview.com IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
BTC- SYMETRICAL TRIANGLE IN PROGRESS !Once again, the magical Fibonacci retracement occured... Indeed, yesterday, the BTC filled its 50% Fibonacci retracement @ 40'340 (which is also by the way the KS and the 21 DMA ! (intraday being slightly higher @ 40'387) Currently in a SYMETRICAL TRIANGLE IN PROGRESS . BREAKOUT IMPLICATIONS COULD TRIGGER A MOVE OF + / - 3'099 pts !!! TARGETING RESPECTIVELY (currently ) : 43'200 TO THE UPSIDE 35'100 TO THE DOWNSIDE RECOMMENDATION : WATCH ON A DAILY CLOSING THE POTENTIAL BREAKOUT LEVELS WHICH ARE, FOR TODAY, THE FOLLOWING. : SUPPORT. : 38'200 RESISTANCE : 40'200 4 HOURS Magical clouds too,,, Currently still just above the MA 21 @ 39'400 and the Kijun-Sen @ 39'250 A failure to hold and stay on a 4 hours closing basis above the KS would be the first intraday warning signal, calling for further downside. Please, also take note that a RISING WEDGE is now alive in this time frame (target 38'700) 1 HOUR (H1) Currently supported by the hourly clouds support are which has already been tested twice (yesterday and a couple of hours ago today and as the thickness of the clouds becomes very thin (twist) in a couple of hours, this support area should be seen as very fragile and a next breakout attempt will be difficult to be rejected... Any comments or suggestions are always more than welcome :-) Do you like my analysis and you think it bring added value on your trading strategies ? If the answer is YES, please to like it first and for those who do not follow me yet, please do not forget either to add Ironman8848 in your following list. Many thanks in advance. Have a nice trading day. Regards IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
BTC - WATCH 39'295 ON DAILY CLOSING !!!DAILY Yesterday's price action filled for a couple of points to make a "PIERCING LINE" (following the RSI bullish divergence detected and mentioned in my previous analysis yesterday I mentioned the level of 39'295 which was the minimum point to reach to confirm this "minor" reversal pattern which, to be cleat a white candle, in order to be validate should close at least above the middle of the prior black candle and in our case closed @ 39'256...) Please also note the importance of this 39'300 area which was for a while the daily congestion support which rejected several downside breakout attempt with success before to only be broken once and now the BTC is attempting to recover above this former support which became the new short term resistance to break, ON A DAILY CLOSING BASIS, to neutralise the downside risk !!! Currently, a FALLING WEDGE IS IN PROGRESS , the upside BREAKOUT being...the bottom of the DAILY CLOUDS... LEVELS TO WATCH REMAINS THE SAME : UPSIDE : 39'295 - 40'340 DOWNSIDE : 39'295 - 37'700 So, in this daily time frame, the next closing will give us the answer.. in the meantime we are looking at the shorter time frames, in order to try to find more clues about further development. 4 HOURS Currently in an uptrend ongoing channel (39'000 - 40'000) 38.2 % Fibonacci retracement @ 39'717 (nearly filled, high so far being @ 39'692) Above both the Tenkan-Sen and the Kijun-Sen, respectively @ 38'696 and 29'250) In this 4 hours time frame, a failure to hold on H4 closing basis above the Kijun-Sen @ 39'250 would already be the first warning signal to take in account... as it would put the focus to lower levels towards the 38'700 area, then to the former low @ 37'700 On the other hand, in order to maintain its current upside bias, the BTC should close above the former closing level which was @ 39'359. A next closing level above 39'359 would open the door for the 40'000 area being the H4 clouds resistance zone and also the 50% Fib ret @ 40'340 1 HOUR Currently above the hourly clouds area, therefore this zone (39'250-38'700) should now be seen as the new intraday support area which also roughly match with the ongoing uptrend support line (39'100) which started from the former low @ 37'700 and with the Kijun-Sen @ 39'000. CONCLUSION VERY IMPORTANT TO NOTE THE CORROBORATION BETWEEN THE COMMENTS MENTIONED IN EVERY TIME FRAME ! IRONMAN8848 - JEAN-PIERRE BURKI
BITSTAMP:BTCUSD
by Ironman8848
BTC-DAILY-RSI BULLISH DIVERGENCE..BUT !Yesterday's price action (long black candle - BEARISH ENGULFING !) which pushed sharply down the BTC towards a low of 37'701 (nearly filling the TRIANGLE TARGET @ 37'581), triggered a BULLISH DIVERGENCE... Therefore, on short term and it'is exactly what is going on, a recovery should take place; nevertheless and in order to confirm a TACTICAL REVERSAL, the BTC should recover and close on a daily basis, at least above the middle (39'295 of the yesterday's long black bearish candle which is also by the way the area of the former daily support congestion ! This only will be the first step of this potential recovery as, as long as the BTC does not make a closing level, above the closing level (40'440) of the last white bullish candle, the trend will not change and the downside risk will remain !!! LAST BUT NOT LEAST IN THIS DAILY PICTURE, THE BTC IS WELL BELOW THE BOTTOM OF THE CLOUDS RESISTANCE AREA WHICH IS ALSO CONFIRMED WITH THE LAGGING LINE... CONCLUSION. : ANY RALLY, FOR THE TIME BEING SHOULD BE SEEN AS A CORRECTIVE MOVE ONLY (TACTICAL COUNTERTREND PRICE ACTION) AND NOT AS STRATEGIC REVERSAL YET; THEREFORE, ANY TACTICAL LONG POSITION SHOULD BE MONITORED VERY CAREFULLY AND MANAGED WITH STOP LOSS ACCORDINGLY ! KEY LEVELS IN THIS DAILY TIME FRAME ARE RESPECTIVELY : DOWNSIDE : 37'000 (ONGOING PRIMARY UPTREND SUPPORT LINE) UPSIDE : 40'500-40'800 (FORMER HIGHS) IMPLICATIONS : DOWNSIDE BREAKOUT OF THE PRIMARY UPTREND SUPPORT LINE : A failure to hold and close on a daily basis above the 37'000 area would be seen as a NEGATIVE SIGNAL, calling for lower levels towards 34'325 (February low) ahead of 32'950 (January low) Then, below the 30'000 area (psychological support) and last but not least THE VERY IMPORTANT KEY STRATEGIC SUPPORT @ 28'600 (double top trigger level !) RECOVERY ABOVE THE FORMER HIGHS (40'500 - 40'800: A successful recovery and a closing level above this area would momentary neutralise this ongoing downside risk and put again the BTC in a TACTICAL UPTREND. IMPORTANT TO NOTE THAT THE PRIMARY DOWNTREND LINE RESISTANCE IS CURRENTLY @ 45'600 4 HOURS RSI BULLISH DIVERGENCE CONFIRME BY A BULLISH ENGULFING PATTERN R1 : 38'500 R2 : 38'917 R3 : 39'717 (38.2% FIB RET 42'979 -37'701) and also the middle of the long black bearish candle seen yesterday afternoon (40'484-38'572 !) On the downside a failure to stay and close (H4 closing basis) above the recent low @ 37'701 would reactivate the downtrend and put the focus towards the levels previously mentioned in D1 1 HOUR RSI school case ... On April 25th we saw a BULLISH DIVERGENCE which trigger a move from 38'202 towards a high of 40'800 (first top) Then a second top also @ 40'800 which triggered this time a BEARISH DIVERGENCE which pushed the BTC down again from 40'800 towards a low of 37'701. Finally this morning a BULLISH DIVERGENCE took place (potential double bottom with its trigger level @ 38'462) WATCH ONGOING PRICE ACTION AS AN HOURLY CLOSING above 38'462 WOULD ACTIVATE THIS DOUBLE BOTTOM FORMATION FOR A TARGET @ 39'223, which roughly match with the KIJUN-SEN (or base line), currently @ 39'250 A failure to activate this double bottom in progress would put again the BTC under selling pressure with the focus on the former low of 37'701. As usual, monitor closely price action from intraday short term time frames to longer time frames which will help you to catch early and intermediate validation or invalidation signal of what has been mentioned in longer (DAILY and 4 hours time frames) Have a nice trading day. Any comment are more than welcome. Regards IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
BTC - HOURLY - NICE RECOVERY...VERY S HORT TERM ANALYSIS (HOURLY) Today, we are going to look carefulLy what happened after the validation of the RSI bullish divergence coupled with the double top formation which i mentioned yesterday morning in my previous analysis as a warning ... (see related idea below) So as you can see, after this validation signal the BTC moved quickly up in a new intraday bull trend, (higher highs and higher lows, confirmed with a convergence on the RSI indicator; please also note the bullish engulfing pattern at the bottom of the chart, which also added value to this nice recovery; note also the successive long white candle which broke at each time important resistance level, begining by the Tenkan-Sen, then the Kijun-Sen, the resistanc of the former downtrend channel and finally the clouds resistance area (39'475-39'713) which increase the upside move towards an intermediate high @ 40'375 then going to the high so far @ 40'800. The 50% Fibonacci retracement @ 40'590 of the last downside correction (42'979 - 38'202 has also been filled), with the next 61.8% Fib ret @ 41'154, which also match the 4 hours clouds top resistance area and which should also be considered as the next important level to break in order to maintain this upside bias. NEVERTHELESS, looking at the last couple hours price action, we can see a trend changing from UP to SIDEWAYS, with a RSI also moving in the same way !! Therefore, this is the first warning signal to consider and respect ! Indeed, no bearish divergence has been confirmed yet, but I would strongly suggest to monitor very closely the price action over the upcoming trading hours. CONCLUSION : In order to maintain to come back in the former short term uptrend mood, the BTC should at least recover and hold above the former uptrend support line and make a new high (higher than the previous one @ 40'800 On the downside, an hourly closing below 40'375 (respectively former short term resistance area and now new short term support area !) would be the first warning signal calling for a downside correction towards the following levels : S1 : 39'800 S2 : 39'500 S3 : 39'194 (VERY THIN HOURLY CLOUDS SUPPORT ZONE !) As usual monitor and watch closely both shorter time frames (M30, M15 and M5) in putting in place alerts which will help you to detect early signal (s) of validation or invalidation of what I previously mentioned. Do not forget, of course, to keep an eye, at the DAILY, WEEKLY and MONTHLY picture which will bring you a broad picture and which will remember you that the BTC is still under the influence of a MAJOR DOUBLE TOP FORMATION, with its trigger level @ 28'600, currently in the weekly time frame still in a secondary downtrend move and in the daily picture, still below the clouds...meaning that the countertrend recovery should only be consider, for the time being, as a TACTICAL RECOVERY ONLY IN A BROAD BEAR TREND and NOT AS A STRATEGIC REVERSAL YET. Have a nice trading day. IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
1
USDCAD SHORT Price has been in deep correction on the daily chart. If you look at ichimoku on the Daily Chart price has rejected at the top of the cloud and currently is projecting a bearish future also known as the kumo. On the hour chart price rejected at the fractal level and created a lower high. Lagging Span (purple line) is pointed down and we have a bearish tk cross over for a entry into the market. Since price rejected on the daily clould I would hold this trade to maximize profit.
Short
by fxswint