This analysis uses Ichimoku Kinko Hyo across daily, 4-hour, 1-hour, and 30-minute timeframes to assess trend direction, strength, reversals, and confluence with other tools such as Fibonacci levels, VWAP, and Moving Averages (MAs). Below are the results of the analysis.
1. Daily Chart: Long-Term Overview
Observations:
Kumo (Cloud):
The Kumo is neutral with mild upward Senkou Span A slope, indicating consolidation but with bullish undertones.
Price is hovering near the upper edge of the cloud ($2624-$2627), suggesting a potential breakout if momentum sustains.
Kumo Thickness: Thin cloud ahead, implying reduced resistance for price to break higher but also vulnerability to reversals.
Tenkan-sen (TK) and Kijun-sen (KS):
TK is above KS with a weak bullish cross near the cloud edge. This setup indicates that bullish momentum is weak but present.
Both lines are relatively flat, reflecting indecision and a lack of directional strength.
Chikou Span:
Positioned slightly above the price and aligned with past candles, signaling indecision and consolidation.
Kinho Sushi Timing Cycles (9, 17, 26):
The 26-period alignment suggests that the current setup is approaching a potential decision point.
Expect possible momentum shifts or breakouts within the next 1–2 days.
Confluence:
VWAP aligns with Senkou Span A ($2624) and Fibonacci 50% retracement ($2618-$2622), forming a significant support zone.
SMA-50 also supports this region, strengthening bullish arguments.
2. 4-Hour Chart: Medium-Term Momentum
Observations:
Kumo (Cloud):
The Kumo is bullish, with Senkou Span A sloping upwards, while Senkou Span B remains flat.
Kumo Thickness: Moderately thick, indicating strong support below $2620 and resistance above $2627.
Tenkan-sen (TK) and Kijun-sen (KS):
A bullish TK/KS cross occurred above the cloud, signaling strength. However, price has retraced toward the Kijun-sen, weakening momentum.
Kijun-sen ($2621) acts as dynamic support, aligning with VWAP and Fibonacci levels.
Chikou Span:
Pointing upward, confirming mild bullish bias.
However, it is approaching the price, signaling a potential slowdown in momentum.
Kinho Sushi Timing Cycles (9, 17, 26):
A 9-period timing cycle coincides with the price nearing Kijun-sen support ($2621-$2622), suggesting a potential short-term reversal.
Confluence:
VWAP Lower Band ($2618-$2620) and Fibonacci 50% retracement align with Kijun-sen, forming a high-probability support zone.
3. 1-Hour Chart: Intraday Trend
Observations:
Kumo (Cloud):
The cloud is thin and flat, indicating low resistance and the potential for price to swing in either direction.
Price is testing the upper Kumo boundary ($2623), signaling a potential breakout attempt.
Tenkan-sen (TK) and Kijun-sen (KS):
A bearish TK/KS cross below the cloud occurred recently, but the price has since retraced above the TK line ($2624), showing weak follow-through on the bearish signal.
Chikou Span:
Flat and positioned at the price, confirming intraday consolidation.
Kinho Sushi Timing Cycles (9, 17, 26):
A 17-period cycle is nearing completion, suggesting an imminent price decision.
Confluence:
SMA-15 and VWAP Upper Band ($2625) provide immediate resistance, while VWAP Lower Band and Kijun-sen ($2618-$2620) offer support.
4. 30-Minute Chart: Scalping Opportunities
Observations:
Kumo (Cloud):
The Kumo is bearish with Senkou Span A sloping downward. Price is trading just below the cloud, confirming bearish momentum on this timeframe.
Kumo Thickness: Thin cloud ahead, indicating weak resistance and increased volatility potential.
Tenkan-sen (TK) and Kijun-sen (KS):
Price recently broke below the Kijun-sen ($2623), signaling short-term bearish momentum.
The gap between TK and KS is widening, confirming a bearish trend.
Chikou Span:
Steep downward slope below price, confirming bearish intraday momentum.
Kinho Sushi Timing Cycles (9, 17, 26):
A 9-period cycle aligns with price testing the Kijun-sen, suggesting a potential pullback or continuation depending on momentum strength.
Confluence:
VWAP and Fibonacci retracements align near $2618-$2620, offering a potential reentry zone for scalpers.
Conclusion:
This Ichimoku analysis highlights consolidation with potential bullish breakouts. However, intraday charts show weakening momentum, and scalpers should focus on VWAP Lower Band ($2618-$2620) for precision entries.
1. Daily Chart: Long-Term Overview
Observations:
Kumo (Cloud):
The Kumo is neutral with mild upward Senkou Span A slope, indicating consolidation but with bullish undertones.
Price is hovering near the upper edge of the cloud ($2624-$2627), suggesting a potential breakout if momentum sustains.
Kumo Thickness: Thin cloud ahead, implying reduced resistance for price to break higher but also vulnerability to reversals.
Tenkan-sen (TK) and Kijun-sen (KS):
TK is above KS with a weak bullish cross near the cloud edge. This setup indicates that bullish momentum is weak but present.
Both lines are relatively flat, reflecting indecision and a lack of directional strength.
Chikou Span:
Positioned slightly above the price and aligned with past candles, signaling indecision and consolidation.
Kinho Sushi Timing Cycles (9, 17, 26):
The 26-period alignment suggests that the current setup is approaching a potential decision point.
Expect possible momentum shifts or breakouts within the next 1–2 days.
Confluence:
VWAP aligns with Senkou Span A ($2624) and Fibonacci 50% retracement ($2618-$2622), forming a significant support zone.
SMA-50 also supports this region, strengthening bullish arguments.
2. 4-Hour Chart: Medium-Term Momentum
Observations:
Kumo (Cloud):
The Kumo is bullish, with Senkou Span A sloping upwards, while Senkou Span B remains flat.
Kumo Thickness: Moderately thick, indicating strong support below $2620 and resistance above $2627.
Tenkan-sen (TK) and Kijun-sen (KS):
A bullish TK/KS cross occurred above the cloud, signaling strength. However, price has retraced toward the Kijun-sen, weakening momentum.
Kijun-sen ($2621) acts as dynamic support, aligning with VWAP and Fibonacci levels.
Chikou Span:
Pointing upward, confirming mild bullish bias.
However, it is approaching the price, signaling a potential slowdown in momentum.
Kinho Sushi Timing Cycles (9, 17, 26):
A 9-period timing cycle coincides with the price nearing Kijun-sen support ($2621-$2622), suggesting a potential short-term reversal.
Confluence:
VWAP Lower Band ($2618-$2620) and Fibonacci 50% retracement align with Kijun-sen, forming a high-probability support zone.
3. 1-Hour Chart: Intraday Trend
Observations:
Kumo (Cloud):
The cloud is thin and flat, indicating low resistance and the potential for price to swing in either direction.
Price is testing the upper Kumo boundary ($2623), signaling a potential breakout attempt.
Tenkan-sen (TK) and Kijun-sen (KS):
A bearish TK/KS cross below the cloud occurred recently, but the price has since retraced above the TK line ($2624), showing weak follow-through on the bearish signal.
Chikou Span:
Flat and positioned at the price, confirming intraday consolidation.
Kinho Sushi Timing Cycles (9, 17, 26):
A 17-period cycle is nearing completion, suggesting an imminent price decision.
Confluence:
SMA-15 and VWAP Upper Band ($2625) provide immediate resistance, while VWAP Lower Band and Kijun-sen ($2618-$2620) offer support.
4. 30-Minute Chart: Scalping Opportunities
Observations:
Kumo (Cloud):
The Kumo is bearish with Senkou Span A sloping downward. Price is trading just below the cloud, confirming bearish momentum on this timeframe.
Kumo Thickness: Thin cloud ahead, indicating weak resistance and increased volatility potential.
Tenkan-sen (TK) and Kijun-sen (KS):
Price recently broke below the Kijun-sen ($2623), signaling short-term bearish momentum.
The gap between TK and KS is widening, confirming a bearish trend.
Chikou Span:
Steep downward slope below price, confirming bearish intraday momentum.
Kinho Sushi Timing Cycles (9, 17, 26):
A 9-period cycle aligns with price testing the Kijun-sen, suggesting a potential pullback or continuation depending on momentum strength.
Confluence:
VWAP and Fibonacci retracements align near $2618-$2620, offering a potential reentry zone for scalpers.
- Summary of Ichimoku Analysis:
- Trend Strength:
- Daily Chart: Consolidation with a mild bullish bias. Price must clear $2627 for strong momentum.
- 4-Hour Chart: Bullish but losing strength near resistance at $2627.
- 1-Hour Chart: Neutral, with price attempting to break above the cloud.
- 30-Minute Chart: Bearish with thin clouds signaling potential high volatility.
- Confluence:
- Strong support lies near $2618-$2620 across all timeframes (VWAP Lower Band, Kijun-sen, Fibonacci 50% retracement).
- Resistance lies near $2625-$2627 (SMA-15, VWAP Upper Band, and Senkou Span A).
- Actionable Signals:
- Buy Entry: Near $2618-$2620 with confirmation of bullish TK/KS cross or Kumo bounce on lower timeframes.
- Sell Entry: Below $2618 on 30-minute/1-hour chart breakdowns.
- Breakout Long: Above $2627, targeting $2635 (next major resistance).
Conclusion:
This Ichimoku analysis highlights consolidation with potential bullish breakouts. However, intraday charts show weakening momentum, and scalpers should focus on VWAP Lower Band ($2618-$2620) for precision entries.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.