Ethereum Ichimoku Price Theory Analysis●Ichimoku Price Theory ?
Among the important auxiliary Ichimoku Indicator of Goichi Hosada, theory, wave theory, price theory today I am going to analyze the price theory. The Elliott wave is stereotyped as five-par and three-par of rising and falling, but the one-sided balance theory believes that the wave will continue as long as the high and low points are renewed. In other words, there is a law of inertia that tries to continue in the direction of upward trend, or downward trend. But Price Theory has a different goal.
The key thing in this analysis method is to analyze the target value and the limitations of growth. In a metaphor, it has the advantage of being able to calculate in advance how much time you have left to run a long-distance marathonrace and how much you will control your pace.
1) The "V" Calculation = B + (B – C)
V calculated value: V=B+(B-C) occurs in a V-shaped wave. This is the wave that returns as much as it falls from B to C.
2) The "N" Calculation = C + (B – A)
N calculated value: N=C+(B-A) which is returned by the same width after C.
3) The "E" Calculation = B + (B – A)
E calculated value: E=B+(B-A) is obtained by adding the increase from A to B to B.
4) The "NT" Calculation = C + (C – A)
NT calculated value: NT=C+(C-A) is obtained by adding the increase from C to C to A.
●What is the reason for the rise?
Please refer to the elliptical zone. The most basic signal of the Ichimoku is the golden cross between the TakanSen(T) Spans, which represents the short-term trend, and the KijunSen(K) Spans, which represents the mid- to long-term trend. Chikou(C) Spans can also confirm the establishment of an eventual trend.
●Final Strategy Chart
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Ichimokutrading
TOTAL2 Price Discovery ContinuationCrypto Market Cap Excluding BTC is looking
very bullish.
Ichimoku is bullish as can be:
-Kumo cloud is green
-Tenkan is above the Kijun
-TK is above the cloud
-Lagging span is well above price and cloud
-No C Clamps forming calling for correction
-Tenkan as the first line of support of the
Ichimoku system was tested last week and
the price bounced off there beautifully
Moving Averages are looking bullish:
-MA7 (not pictured) acted as support well last week
-MA7 is well above MA30
-MA30 is above EMA100 both are curling up nicely
Volume these last few months have been huge.
If price closes here above $575B or even just green
in general it will confirm the positive retest
flipping the previous Jan 2018 All Time High
resistance to support and we should expect upward
price expansion to continue, first targets being
the Fibonacci retracement lines of
1.618 @$749.398B
2.618 @$1.19T
3.618 @$1.63T
4.238 @$1.902
I fully expect this market cap to grow
exponentially more than where we are now past
these fib lines for these coming years.
Especially considering how much attention
finally cryptos are getting by institutional
investors and the mainstream populous in
general realizing the validity in blockchain and
decentralization as the big technological
advancement of this generation.
This is just the beginning of worldwide eye opening,
media attention and exponential growth in this
market.
Allocate your assets accordingly.
ETH/USD HTF LongETH/USD looking very bullish on the HTF charts
This week price wicked down to ~$1360 to retest
the previous weekly All Time High (ATH) close
which was printed the week of Jan 8 2018.
At the same time it tested this S/R flip (which we
still need to wait for 3d 7h to pass to ensure
this flip is successful and confirmed bullish)
we tested the first line of support on the Ichimoku
trading system, the Tenkan-sen which (if confirmed)
will add confluence to our belief that this S/R
flip is the one we needed to have in order to
allow for further ETH expansion, a close over the
gold line @$1,476 would be ideal.
The rest of the Ichimoku looks bullish as well:
-Kumo Cloud is green
-Tenkan is above Kijun
-TK also above Kumo Cloud
-Lagging span is above Cloud and above price
-No C Clamps formed calling for much larger
correction than we've just had
The MA30 is well above the EMA100 and is
showing no signs of price regression on the HTF.
If this weekly candle closes as just a wick to
retest previous ATH, expansion within the
coming month or two towards the
Fibonacci 1.618 level
@$2,343
would be expected
as our next price target. Once that is breached
and price confirms on the weekly scale of an S/R
flip of that Fib level, the next logical target HTF
target would be the 2.618 level
@$3,745
With Optimism, the L2 scaling solution coming
to ETH in March which allows for cheaper fees
and lower latency,
As well as the the Canadian asset manager CI
Financial filing for an ETH ETF bringing more
attention to the Altcoin leader,
we would expect these price targets to be
reasonable.
AMB/USD SpeculationThe AMB/USD chart cancels out a lot of noise from the
AMB/BTC chart.
Downtrend broken and turned into an uptrend that needs
to hold these next couple of weeks to stay valid.
An inverse head and shoulders looks as though it is forming:
It has a clear neckline (blue horizontal) and assuming the
uptrend/diagonal support holds here that would be the first
target.
The second target is calculated by the price disparity
between the low of the head (in this case the lowest point
priced in on the chart) and the neckline, then adding that
difference to the neckline.
The Kumo cloud has been green these last couple months
which is the first time in AMB's 1W history.
The Tenkan and Kijun have crossed bullish, however they
are still not above the Kumo cloud so they aren't as strongly
bullish as they can be just yet.
The Lagging Span is still below the Kumo Cloud which is
bearish.
The massive volume is notable.
By the looks of things, the chart may contain just enough bullish
biases for the swing trader to have suitable conviction to make a
play here depending on risk tolerance.
For the long term hodler, entry point as an investment could play
out quite profitably for one who is looking to take a risky bet on
one of the lowest Market Cap coins on Binance.
This assumes that the product proves legitimate, the negotiations
with IBM/Maersk and others stay true and the team keeps working hard.