Ichomoku
Ichimoku Watch: Nvidia Eyeing Ichimoku Cloud Support In three successive days of selling, triggered after a bearish outside reversal formed on Thursday last week from all-time highs of $140.76, Nvidia (ticker: NVDA) has shed approximately -15.0% from the peak.
The company’s market value dropped more than US$500 billion to US$2.91 trillion, consequently pulling the chipmaker back to third place after briefly becoming the most valuable company in the world and surpassing Microsoft (ticker: MSFT) and Apple (ticker: AAPL).
Behind the sell-off is a combination of the CEO, Jensen Huang, selling almost US$100 million worth of shares a handful of days before (and after) it became the world’s most valuable company, along with worries about the company’s effect on the broader stock market indexes, and profit-taking after what has been a meteoric rise.
Ichimoku Cloud Support
As can be seen from Nvidia's daily chart, the stock’s recent movement has easily crossed below the Conversion Line (blue at $129.40) and is fast approaching the Base Line (red at $116.28), which could deliver support.
However, should further downside develop, the Ichimoku Cloud support (made up of the Leading Span A at $122.95 and the Leading Span B at $108.23) could be seen as a logical downside target for sellers in this market at the moment. You will also see that the chart offers support at $96.77 around the Ichimoku support zone.
Price Direction?
While it is unlikely that the party is over for Nvidia, the current correction will likely be viewed as an opportunity to get in at cheaper prices. Dip buyers, therefore, may seek suitable support levels to enter this market long. The combination of support just below $100.00 at $96.77 and the Ichimoku Cloud support area could be worthy of the watchlist.
ARVL Penny EV Stock Momentum from EarningsOn the 2H Chart ARVL is always been underneath the Ichimoku cloud. Since earnings this has
changed. The earnings were nothing special. ARVL as a startup is still losing cash; it is priced
on the potential of the future. ARVL is in the delivery truck and bus segment of the growing
EV industry. It does not compete directly with TSLA. On the chart relative strengh also rose
over its cloud going from 40 to 70. Notably it crossed above the Ichimoku cloud simultaneously
with crossing over the POC line. Traders including myself watch for confluences to support
bias and a trend.
My feeler call option with 5 DTE trade was taken on Friday is up 228% over the weekend.
I will now take ten more but extend the DTE to 6/2 I see this as a typical penny stock high
reward high risk. This is like TSLA in its infancy. Also the higher it gets away from delisting risk
the more momentum it might have. This compares well and perhaps better than
LCID NKLA and PSR because it has a niche focus which protects it from the center
of the competition with other EV stocks.
Network 18Hello and welcome to this analysis
After 13 years of downtrend its now trying to consolidate and form a higher low (March 2023) with the all time low made in March 2020.
Stock is currently on a pullback of its trend line breakout with support at 40-36 and immediate resistance between 62-72.
Sustaining above 72 it could rally till 125-170-270. While failure to hold 31-30 could lead further selling pressure.
Weekly Analysis BTC via Ichimoku Good start to the week,
Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source.
Trend:
The Kumo has been green for 55 days and is about 0.2% wide and about to reverse. The various lines confirm a downtrend situation. As anticipated in the previous analysis, price was moving toward the Kumo and is now within it, indicating a situation of extreme uncertainty.
The Kijun Trend indicator now indicates looking for short positions.
Heikin-Ashi:
The Heikin-Ashi confirm a downtrend memento, also there Kijun and Tenkan are crossing downward.
Supports and resistances:
- 32150.00 Fibonacci
- 30350.00 Chikou cusps and flat areas of Kijun and Tenkan
- 30000.00 Psychological threshold
- 29800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 27950.00 Fibonacci
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame.
For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Conclusions:
In recent weeks, as anticipated, the situation has turned downward with considerable uncertainty. The Heikin Ashi are awaiting the price trend and the price is inside the Kumo.
It is possible to find a sideways/rebass ABC pattern indicating the following levels: E 25298, V 25514, N 27151, NT 29604.
It is important to evaluate the price close during the week on the following price structures:
- Bullish: 28700.00
- Bearish/Lateral: 26500.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased.
- Dominance of BTC: Decreased.
- Price of BTC: Decreased.
- Alt cycle expectation: Stable.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
Weekly Analysis BTC via Ichimoku Good start to the week,
Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source.
Trend:
Kumo has been green for 34 days and is about 12.9% wide. It has widened and is now flat. The various lines indicate a general uptrend situation with a momentum of long-term laterality and a short-term retracement The price today touched the Tenkan and in less than 2% could touch the Kijun.
The Kijun Trend indicator is looking for long positions.
Heikin-Ashi:
The Heikin-Ashi confirmed with today's candle a retracement.
Supports and resistances:
- 32150.00 Fibonacci
- 30350.00 Chikou cusps and flat zones of Kijun and Tenkan
- 30000.00 Psychological threshold
- 29800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 27950.00 Fibonacci
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame.
For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Conclusions:
The situation is bullish after crossing the psychological threshold of 30000.00 and it is now in a retracement.
It is possible to find a sideways ABC pattern indicating the following levels: V 23400, E 25215, N 29015, NT 32815.
It is important to evaluate the price close during the week on the following price structures:
- Bullish: 30387.00
- Bearish/Lateral: 29400
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- BTC Dominance: Decreased.
- Price of BTC: Increased.
- Alt Cycle Expectation: Strong growth.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
Weekly Analysis BTC via Ichimoku Good start to the week,
Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source.
Trend:
Kumo has been red for 4 days and is about 0.7% wide. It has turned red since the last analysis and is now very thin again and may cross again. It is interesting in general to see the bounce exactly on the Kumo and the Kijun Weekly Continued uncertainty as from the past week. In general, short term is bullish and bearish-lateral on the medium and long term.
The Kijun Trend indicator now indicates looking for short positions, but today's candle has outperformed by a lot, so in two days it may return to looking for long situations.
Heikin-Ashi:
The Heikin-Ashi confirms the rebound
Supports and resistances:
- 29800.00 Chikou cusps and flat areas of Kijun and Tenkan
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24400.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 23300.00 Chikou cusps and flat areas of Kijun and Tenkan
- 21200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 20200.00 Chikou cusps and flat zones of Kijun and Tenkan
- 19100.00 Fibonacci
For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones on different timeframes, and the Chikou for the daily time frame.
For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Conclusions:
The situation is bullish/lateral.
Hosoda waves calculated last week on a bearish ABC pattern were touched: 22750 (NT), 21472 (N), 21444 (V), 20194 (E).
Considering the current pattern with point B on March 10, we have 16376 (NT), 20827 (N), 25278 (E), and 28450 (V) as further levels.
From a fundamental point of view, it is problematic the liquidation of Silicon Valley Bank, of the Fed's reassurances about it, as well as
It is important to assess the price close during the week on the following price structures:
- Bullish: 24400.00-24800.00
- Bearish/Lateral: 24000.00-22200.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- Dominance of BTC: Increased.
- Price of BTC: Increased.
- Alt Cycle Expectation: Decreased.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
EURUSD Rally Daytrade LONG SCALPEURUSD is now uptrending on the one hour chart,
Support from the underside of the Ichimoku Cloud as well as the
anchored VWAP.
The MACD indicator shows the lines crossed while under the histogram
which is now positive.
The Momentum Squeeze oscillator is firing
US equities will be on sale today. Making some profit on leveraged EURUSD
will help buy them.
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubHappy midweek,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used in support other indicators that we developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been consistently red for 12 days and expanding (about 6%). The Ichimoku pattern indicates a general downtrend with a sideways bias over the very long term.
The Kijun Trend indicator continues to indicate looking for short positions.
Heikin-Ashi:
Heikin-Ashi confirmed the bearish price movement: almost always red candles since the top of the Kumo was touched.
Supports and resistances:
- 25000.00 by Fibonacci
- 24600.00 Tenkan Weekly
- 23400.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 22400.00-22600.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20200.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20000.00 psychological threshold
- 19100.00-18900.00 level cusps Chikou or flat zones of Kijun and Tenkan
- 17080.00level cusps Chikou or flat zones of Kijun and Tenkan
- 12700.00from the waves of Hosoda
- 11000.00-13000.00 level cusps Chikou or flat zones of Kijun and Tenkan
For the various static price structures, you can refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, also Chikou for the daily time frame, are plotted.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels on the Daily still show us a positive long-term sentiment and places the 0 to the upside on 75000.00. Price is moving away from the 1 level.
Conclusion:
Since the 25000.00 level was touched The situation has changed considerably and a clear downtrend is present.
Hosoda waves indicate a downtrend target in the last ABC pattern found: 19252 (target reached), 18463.75, 18196.25, 17140.
From a fundamental point of view, and in general markets, the situation is of general downtrend considering the FED's economic policy, the European energy crisis, and a slowdown in the Asian market.
It is important to assess the close of the week and during the week on the following price structures:
- Bullish/Lateral: 21800.00
- Bearish: 18100.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased
- Dominance of BTC: Decreased.
- Price of BTC: Decreased.
- Alt cycle expectation: Stable.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
T. Rowe Finds Support on the Yearly Base LineJust an observation: T. Rowe (TROW) appears to have found support on the yearly base line (red line) of the Ichimoku Cloud. Which has proven to be a bottom in past years (2020). I believe that price will try to recover to at least the conversion line (blue line) $140s by the close of the year (if not much sooner). This will also bring the price back above the 5-year moving average. Caution though: the yearly oscillators are indeterminate and it is very possible that the price could drop back down and try to test the 10-year moving average ($100) before the close of the year. Does anyone have strong thoughts about TROW?
Not financial advice.
🔔XAUUSD Will it be ready for downtrend? Hi dear Members . Hope you all are enjoying our ideas and analysis. Now we are here to update about XAUUSD . XAUUSD is exactly Moving according our analysis. Now it has Maximum chances it can Target Price level 1835.
Keep in touch we will update further soon.
🙏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!❤️
Caught between a rock and a hard placeWe are still in the cloud, "no trade zone" I am still neutral especially the local trend seems to be holding and coincidently is the bottom of the cloud, I would expect more chops in this cloud zone, stay especially out of the inverse perp markets as chops will destroy your position. Above the cloud bullish below the cloud bearish. Once we have a daily close above or below the cloud it will show us where we are destine to go. I suspect the local trend line will break as I think the resistance at 45k maybe have to much sell pressure at those prices to push higher, this is the conundrum we find ourselves as crypto traders. If BTC can clear the cloud it still has to contend with the 45k resistance, it will however pull the alt coin markets up with it. If we collapse here you can count on alt coin purges, hedge into proper layer 1 blockchains that have promising futures and remove you emotional bias from these trades this is where you get rekt by doing that. The safest play here is to hedge into established blockchains that show promise, once we clear the cloud we can start talking about playing derivatives on btc settlement layer to accumulate more btc or eth settlement layers as V2 will be released this year (stack 'em for compounding interest and a future you can live off easy passive income), even in bear markets there is much work to do to set yourself up for a brighter future. As the title shows we are stuck between a rock and a hard place, stay vigilant and unwavering.
***One thing worth noting there is a bullish divergence on the 20EMA and the 50EMA though it won't be enough as the prices are below these EMAs don't fall into this trap especially in the cloud.
"I'm in a cloud why can't the sun come out"
-Kewlkat
Just a thought here on current BTC marketsSince we are in the cloud and the cloud is typically a "no trade zone" I stand neutral on a trade here with the risk to high. This is a prefect example of the chop in the trade zone. Some key take away are we shot into resistance at getting tested and rejected (though we are in the cloud on the Daily candles), we have now broken two support levels in the cloud last one being 41.7k, divergence on the MACD and the RSI show less momentum, the OBV is down. This would all indicate we are still in a bear market. However we are still in the cloud and one bullish outcome is resetting all the momentum indicators and popping above the cloud. If we can pop out over the cloud and close above it we may have another shot at controlling the bullish narrative. If we can and close under the cloud which at this point it is looking like we will maintain bearishness and downward pressure and most likely see levels in the 12-19k for the accumulation and bottom before another rally up in 2024-2025. These levels would be accurate according to the historic 80-87% correction off the ATH. For these reasons I am not taking an active trade but I am leaning bearish as all historical indicators point to this. Oportunities will present themselves stay vigilant and patient and you will have the world.
"One can only wish the super cycles are dead unfortunately wishes do not determine price action"
-KewlKat
🔔EURGBP Will it be ready for downtrend ? It seems that with the trend line broken, we should see the Euro down in the coming hours. The area we are in is a very low risk area for sell. You can use the lower trigger time frame to enter.
🙏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!❤️
BTC - Long + Key Areas to Look for RejectionBTC is looking at two key scenarios that could play out this weekend. We have a red ichomoku cloud that signals strong resistance between $48-50k. We need a 6 hour candle close in this red region to confirm a bullish move up to the orange line. The other scenario is continued rejection at the ichimoku cloud, keeping the price below $48k and leading to a drop down to potentially $42k price levels.
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood good weekend everyone,
The Crypto Frog uses its Ichimoku Analysis Process with its toolset by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Crypto Market Settings” for the indicator as 10-30-60-30:
Macro Trend Analysis using Kumo :
Tendency: The long term trend is still bullish as indicated by the green Kumo which continues to be so since 46 days, the Kumo also narrowed by several percentage points and we are now in a sideways phase where the Senkou Span B is flat and the Senkou Span A is slightly uptrending.
The mid-term is sideways with a bearish bias where both Kijun and Tenkan are flat and the Price compared to Kijun and Chikou are bearish.
The short term is bearish and the price is finding the Senkou Span A as a dynamic resistance.
Price: The price is above the Kumo and Chikou is under the price.
Supports and Resistances in the area :
75000.00 by Fibonacci
67000.00 by Historical Maximum (too much precise)
66001.41 by All-time-high Chikou
58000.00 strong price structure by flat lines
53800.00-54000 strong price structure by flat lines
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the Current timeframe.
Moreover, let us remember that the various lines of the Ichimoku serve as price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Heikin-Ashi:
After bouncing on the Senkou Span A the price is now green, this can mean a good pullback using the line as a support, but waiting for the confirmation of a green candle without shadows.
Fibonacci
CryptoFall, which identifies Fibonacci levels, still shows us a positive sentiment and places the 0 upwards on 75000.
The price reached and then was rejected at the 0.236 level, at this moment bounced at the 0.382 level.
Conclusions
The price is retracing after the all-time high, with a bearish bias.
It is important to evaluate the closing of the week on the following price structures:
Bullish 61000
Sideways 58000
Bearish 57000
The frog is always cautious in these sideways moments as we are in a retracement. Touching the indicated resistances and Ichimoku Lines could bring a good opportunity to accumulate BTC or to trade in lower timeframes.
It is interesting to evaluate the Hosoda Waves in this context using the previous bullish leg as points A, B and C. Interesting targets are:
- Wave E: 76562
- Wave V: 66240
- Wave N: 63242
During the week - after the confirmation of C - we can also evaluate the ABC from the lower low of 21st Sep 2021, all-time-high of 10th Nov 2021 and low of 19th Nov 2021 which can bring the ave E at 100000.
For altcoins we can consider:
- Total Crypto Market Cap: decreasing
- Dominance of BTC slightly stable
- Dominance of stable coin: increasing
- Dominance of altcoins increasing and ETH: bootsting more.
So, there are good opportunities with caution to accumulate BTC and ETH and trade on some alt or better accumulate, on confirmation of this status for the weekly close.
Thanks for your attention, happy to support the TradingView community.
BTCUSD Analysis 09.14.2020Most cryptos are currently in a correction phase.
On the DLY chart, the BTCUSD crossed the Tenkan Sen giving for the 3rd day an alert. However, and as of today, the Kijun Sen is still holding which signal that this movement is only minor a correction at this stage.
Closing below the KS would signal the break of the uptrend with the next support level at the Trending Line (yellow line) which served as support previously. Breaking that level will open the way for a deeper correction to the 0.786 level.
I've added 3 red dotted line to the chart where the market could correct to.
BTC - Potential Price Prediction/Education using Ichimoku = $94KLet’s have a look at the BTC 1d chart using the Ichimoku Cloud system with the 20,60,120,30 settings.
Note that BTC is still in the Bullish Zone of the Ichimoku Cloud System.
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 sideways at the moment.
Note that the Conversion Line (Tenkan Sen) is still above the Base Line (Kijun Sen) on this 1d timeframe.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is upwards. It’s important to note that the Lagging Span (Chikou Span) is still safely ABOVE the price from 30 Period ago.
Note that BTC is still above its Conversion Line (Tenkan Sen) on this 1d timeframe. A daily close back ABOVE this level will be crucial for continued upwards momentum.
Note that the Ichimoku Cloud Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) are both moving sideways.
Using the Ichimoku Wave Analysis we could possibly be witnessing an N WAVE (A,B,C,D) on this 1d timeframe. Using the Ichimoku Price Analysis, there are 4 calculations that can be used for POTENTIAL price targets, those are V, E, N and NT. For this chart I’m using E Calculation. If C is the bottom, we can take the pips or range from A to B, add that to B & that give us our target D, which is a price range target of around $94,000 give or take.
Note that we need a successful break ABOVE the B neckline of the E pattern! This is absolutely crucial for this E Calculation predication to become true. If BTC cannot break above the B Neckline, then this predication will turn out to be false.
This Calculation is called E because as you can see, it’s in the shape of an E ;-).
A few other notes:
At the momentum of typing this, BTC is above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
BTC is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 9 daily candle that i have selected. A daily candle CLOSE back ABOVE this level is crucial.
Note that Volume has increased and both yesterday and today’s Volume Bars are back ABOVE its 20 Period Moving Average.
I have added a Schiff Pitchfork Pattern (1,2,3), as you can clearly see, BTC found strong support from its Schiff Pitchfork Median Line. At the moment of typing this, BTC is back above its Upper Yellow Support Line and found some resistance from its Upper Green Resistance Line.
For many of you, this will be the first time that you've seen the Ichimoku Wave and Price analysis so i hope you enjoyed it, the Ichimoku Kinko Hyo or Ichimoku Cloud is a complete trading system, it is so much more than just the Cloud Indicator, it has its own Timespan, Wave and Price Theory which i will plan to go more in-depth on in a later post if people are interested.
I decided to do something different tonight and introduce a tiny bit of Ichimoku Kinko Hyo Wave and Price Theory so I hope this quick chart is helpful with your trading and hodl-ing.
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubThe Crypto Frog uses its Ichimoku Analysis Process with its toolset by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Crypto Market Settings” for the indicator as 10-30-60-30:
Macro Trend Analysis using Kumo :
Tendency:The long-term trend is bullish considering that the Kumo Twist occurred 33 days ago and the price is above the present and the future Kumo. The trend is weakened and at this moment there is a sideways bias as the flat Senoku Span B and the Kumo is quite thick, even though the Senkou Span A is still bullish.
The medium term trend is still bullish as the Tenkan is above the Kijun and the price is above the Kijun.
The short term trend is sideways as the price is using the Tenkan as support/resistance. However the price recently bounced off the Kijun.
Price: The price is above the Kumo and above the Chikou. It is using the Tenkan Sen as a price structure.
Supports and Resistances in the area :
75000.00 by Fibonacci
67000.00 by Historical Maximum (too much precise)
66001.41 by All-time-high Chikou
58000.00 strong price structure by flat lines
53800.00-54000 strong price structure by flat lines
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the Current timeframe.
Moreover, let us remember that the various lines of the Ichimoku serve as price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Heikin-Ashi:
After bouncing on the Kijun the price is forming a green candle, waiting then for confirmation from a shadowless one.
Fibonacci
CryptoFall, which identifies Fibonacci levels, still shows us a positive sentiment and places the 0 upwards on 75000.
The price reached and then was rejected at the 0.236 level, at this moment it is sideways.
Conclusions
The price is lateralizing after the all-time high.
It is important to evaluate the closing of the week on the following price structures: 58000 (bearish bias), 62000 (sideways bias) or 63000 (bullish bias).
The frog is always cautious in these moments, a retracement on one of the indicated resistances and Kijun could bring a good opportunity to accumulate BTC or in lower timeframes.
It is interesting to evaluate the Hosoda Waves in this context using the previous bullish leg as points A, B and C. Interesting targets are:
- Wave E: 76562
- Wave V: 66240
- Wave N: 63242
For altcoins we can consider:
- Total Crypto Market Cap: slightly increasing
- Dominance of BTC decreasing and encountering resistance
- Dominance of stable coin decreasing
- Dominance of altcoins and ETH slightly increasing.
So good opportunities with caution, on confirmation of this status for the weekly close.
Thanks for your attention, happy to support the TradingView community.
How we gained 39% in Gujarat alkali and 15% in Mahindra Ltd?Both stocks have similar patterns so we used daily chart to make an entry and keep holding until we hit both targets.
Ichomoku cloud break out
TK cross over
MACD bullish cross over
RSI>60
ADX>25
DI+>DI-
Gujarat Alkali BUY 608 SL 588 TGT 670/850
Mahindra Ltd. BUY 819 SL 798 TGT 850/880