At first glance, you see bullish price movement out of the cloud, but then you notice a bearish cloud formation along with the bearish direction of Span A ( The red line).
Look for the price to pass through the cloud in a bearish manner for confirmation.
TAN Using the Ichimoku cloud, we can see regular bullish activity in an overall bearish trend. Paired with a strong buy signal from the RSI dipping below 30. Long position was taken out at $17.77, with a stop loss of 7.32%
-light green indicates weak bullish signal. Tekkan sen crosses Kijun sen within cloud.
-Dark green is actually two signals, one weak bearish signal of the Tekkan sen crossing back down through the Kijun sen above the cloud, and a second strong bullish signal where the Tekkan sen crosses back above the Kijun sen above the cloud.
-light red is are 2 weak bearish...
No moves through weekend unless it breaks past resistance at .15 and gains momentum. Neutral pass through of Ichimoku cloud suggests no bullish movement possible until at least Monday. Short possibly, but not for much
