I enjoy watching clouds passes by and I wave at it. This one seems interesting as the new cloud is forming several ticks after the breakout. I'll wait on until the next tick to decide to go short or not.
Found this setup on the 1H time frame right before drop happened. I saw this nice descending quadruple top shape forming with a firm bottom respect of the .72582 level. Price was also respecting an ascending trend line drawn on the 30 min time frame. The convergence in price led me to believe that this setup was a potential low risk/high reward if the .72582 level...
The market pullbacks to a fractal level and now presents a new buy opportunity.
Though price is still inside cloud. We will enter to trade the kumo breakout at the current level.
For the aggressive traders, enter on the break of the current indecision candle which is at 3300 level.
For the more conservative entry. We will enter on the break of the current...
Stellar could be forming an Adam & Eve reversal pattern here going into the 6H cloud. If completed, it could coincide with a kumo breakout which are both bullish signals. Look for an entry once the next couple days if this plays out.
Late to the party, but still not too late to get in on STRAT.
MACD Positive Divergence
End-to-end cloud break
Chikou span chillin' in the bullzone
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XLMUSD is setting up for a strong follow-through breakout following a healthy pullback. The hourly chart shows a bullish double bottom candlestick pattern during accumulation phase. The Ichimoku cloud system shows price broke through the white Kijun-Sen (along with a T/K cross) and has now re-tested the line without a close below. The cloud top will act as...
We are about to have a falling wedge breakout at around 400. The RSI is pointing upwards, DMI and MACD support upwards movement.
Please be aware: at the kumo breakout at 400 there is a selling wall at 390 and 400, you can get in at those points but be prepare for the price to retest the could support again (very likely this will happen).
This is one of my favorite coins but I hate saying that is following BTC movement very much, not surprise I know but I wish it doesn't like for example NEO and Ripple.
Anyway going back to the chart and what is telling us. For the moment the signings are still pretty bearish to me but there is hope of course if BTC goes up ;).
The RSI, MACD and DMI...
Here is my new idea for IOTA, we are still inside an ascending triangle (possible pennants after me) and if we break the down trend resistance we can expect nice profit around $7 - $8.
The RSI and MACD supports an upper movement, the volume is decent but more will come once we approach the break point. On a 4 hour chart we had a kumo breakout which...
At night there was a break out of bullish Kumo cloud. Right now, we can see small bearish reaction. Maybe there will be an opportunity to open longs. We just have to be careful about Chikou Span setting, currently there is no way to enter long position, maybe in near future it will change.
Prvious TK crossover confirms possible long setup for LTC on the 4hr chart. If price breaks kumo above the next fractal resistance it will be a confirmation for long entries, stop loss must be at the kumo (below 80) and take profit above the 90s range.
We can clearly see, using the Gann Fan indicator, that there is a very likely possibility of the 2/1 line being broken to the upside. The ichimoku indicator tell us that price is crossing into the Kumo and if there were to be a Kumo breakout, we'd see it around the same point at which the Gann Fan indicator tells us it will happen. Couple the technicals with...
Kumo breakout has occurred on the EURJPY. TK cross happened much before. Since the outlook for EUR is still bullish it might chop along for sometime before it heads down.
I have taken an early aggressive sell on this pair already.