I believe this is the end of the recent downtrend that started on 6/24 - We just experienced a double bottom (around 0.21) and it looks like we're on our way out of this downtrend. I hope to cross the cloud, reach resistance around $0.25 - $0.26, then bounce off senkou span B and continue on up.
I'm just getting used to Ichimoku, so please forgive me if I'm reading it wrong. I actually removed the Tenkan-sen, Kijun-sen, and chikou span, and replaced them with my own moving averages and bollinger bands. I think it's easier to read but correct me if I'm doing something fatally wrong!
Let's see where this goes - hopefully we're out of this downtrend!
I'm just getting used to Ichimoku, so please forgive me if I'm reading it wrong. I actually removed the Tenkan-sen, Kijun-sen, and chikou span, and replaced them with my own moving averages and bollinger bands. I think it's easier to read but correct me if I'm doing something fatally wrong!
Let's see where this goes - hopefully we're out of this downtrend!
Trade active
Things are looking good so far and traveling right alongTrade active
:) Moving right along. I'm also looking for a drop back to $0.25 area, then bounce back up
Note
Looking for action around $0.265Note
$0.265 is a resistance level that should/needs to be broken so I'm hoping for a breakout to $0.275 at least.
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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.