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Ichimokukinkohyo

descending triangle US30 Evening traders. As you can see we have which looks like a descending triangle pattern on the hourly chart. We have multiple touches on the resistance line and currently moving downwards back to support. We have also had multiple touches and breaks below the 0.382 fibonacci line. What does this all mean? Well if we can get a close below 0.382 and stay below that level then we could possibly see another drop in the market to 32500 or perhaps even further. If you agree or have another opinion then let me know down below cheers shaun
OANDA:US30USD
by Shealy
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 TradingThroughTheLens
💡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