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Ichimoku_trader

Ichimoku Watch: Walmart Looking at All-Time Highs!Upcoming Earnings Release: Walmart Inc. (ticker: WMT) is scheduled to report earnings before the market opens on 16 May. The consensus EPS estimate for the fiscal quarter ending April 2024 is $0.52, while the reported EPS for the same quarter a year prior was $0.49. Strong Technical Evidence Supporting Buyers Ahead of next week’s earnings, Walmart is offering interesting price action. Starting at the basics, the trend in this market cannot really be questioned at this point, and following the latest correction from all-time highs of $61.66 set in March, this could be a market that dip-buyers are drawn to over the coming weeks. Adding to the current uptrend’s strength, price has also rebounded from the Ichimoku Cloud (consisting of the Leading Span A and the Leading Span B) and is above both the conversion line and the base line. You can also see that the conversion line is on the brink of crossing back above the slower-moving base line. Given that price has recently rebounded from the Ichimoku Cloud and the stock is entrenched in a considerable uptrend, a noticeable crossover here would likely prompt buyers to enter the market to challenge the all-time high. The double-bottom pattern (shown by the green arrows at $58.63) adds weight to a bullish showing here. It was also recently completed by trading beyond the pattern’s neckline at $60.53. If price follows through higher after this breakout, the pattern’s upside target will be $62.59. Price Direction? With everything considered, this remains a bullish market and the break of the double-bottom pattern’s neckline emphasises the potential strength of buyers from the Ichimoku Cloud.
NYSE:WMTLong
by FPMarkets
ORDIUSDT ⭐ Swing TradeHey guys! This is a swing trade so it means, you go in and get out fast! So, after ORDI has gone through a beautiful uptrend. We can see it started to retrace and what happened was that it created a double bottom which oftentimes leads to a bullish continuation. We've got a confirmation of the bullish side as the double bottom got broken upwards and also got re-tested back again. So now, we can set as potential target zone the yellow rectangle that has been marked in the chart. I'll update my trade as it gets played out. All IDEAS I post in my page are all my actual trades that took place BUT I spot crypto not FUTURES so beware on your trade risk tolerance as well as trade management. Make sure to set a STOP LOSS. All the best, Kina, the girly trader ⭐
Long
by KinaStar
DOGEUSDT 🔥 Critical PointOverall DOGE has been moving in an upwards rising channel which is mostly known for a breakout or breakdown pattern. It could lead either to a super strong bullish move taking it upto 10 cents or even more or it could just break down until it completely reverses all that it has grown for the past months at around 0.05 area. So this is a dangerous game! Daily Timeframe Ichimoku Cloud analysis: Price is located above the cloud so this means, buying is only allowed. We can buy the re-tests of the conversion line (tenkan-sen) or the base line (kijun-sen) similar as to what would be the 9 ema and 26 ema but more complex. Successful re-tests to these lines lead to buying opportunities to go with the trend and ride it. However, as mentioned earlier, rising channels could be a bear market rally or a complete downtrend reversal. So you have to manage risk accordingly. Today, we've got a beautiful re-test to the base line along with a bullish engulfing candle, I'd wait until it closes and see how the next candle opens in 10 hours. If it is opening higher then that's an entry trigger and confirmation to go with the trend my friends!! Targets are marked with price tags in the chart. Please manage risk accordingly and risk a % of your portfolio. Never be biased and think that the bear side of things could be a possibility but don't look at it as a bad thing instead take it as a good buying opportunity. Even more so, if you wait long enough for the key levels to get a better entry point. Take care! Kina 🔥
Long
by KinaStar
6
JASMYUSDT 🚀 Inverse Head ShouldersHey guys! Today I'd like to share a JASMY Coin idea. I've spotted an inverse head and shoulder pattern that has formed. Confirmation to the bullish upside would be a breakout and re-test of the zone followed by entry trigger dropping into the lower timeframes. Confluences: We need the breakout of the pattern to the upside to confirm bullish reversal. But having this pattern itself after a huge drop, it's pretty awesome. We've got Ichimoku Cloud breakout which signals bulls are taking over still make sure you have a plan to be certain with your confirmations. RSI Bullish divergence signaling the bears have lost power for now. Targets: 1) 0.0050 2) 0.0055 3) 0.0065 4) 0.0070 Stop loss below the cloud or 2 ATR or below swing low. Manage that according to your trading plan. Let's see how it plays out! Kina 🚀
Long
by KinaStar
7
TLMUSDT 💥 At an ALL TIME LOWHere we are at a very key area for this coin. I'd like to see a pattern that would confirm the reversal from this area to the upside. First sign we have is a bullish divergence on the RSI on the daily timeframe still is not enough to confirm bullish bias. So I'll wait for a double bottom or H&S on the H4. This area still is a demand buying zone being the all time low for this coin, it doesn't get any better than this. Could be a very rare opportunity or it could go lower of course. Still first target safely would be: 0.015 as this price had the highest volume profile. We'll be monitoring and updating this till when we ready to open a position. My regards, Kina💥
Long
by KinaStar
6
Ichimoku Kinko Hyo - The Most Underrated Indicator (e.g. NAS100)Welcome to my first educational post. This is a big one, Ichimoku Kinko Hyo is the most underused, underrated, least understood and yet most powerful trend indicator available to the general public. I'll first briefly describe the 4 components: - Tenkan Sen (turning line): it's like a small period moving average but calculated slightly differently. So if price breaks it, it's a first signal of a trend reversal but always wait for the retest. - Kijun Sen (standard line): it's like a larger period moving average but like the Tenkan it's calculated differently. One interesting note is that when it flatlines it represents the 0.5 fib level of the current range. Together, they are used for crossovers just like classic moving averages. - Kumo (Cloud): which is composed of 2 special moving averages called the Senkou Span A and the Senkou Span B. Generally serves as a support/resistance zone and is also subject to crossovers that can confirm reversals (not signal) since it is too slow to signal them. The thicker the cloud the stronger the trend and vice versa. - Chikou Span (Lagging Span): Mirrors current price action 26 periods in the past. In simple terms, it puts things into perspective and can detect potential blocking points for price. Here is a case study of the NAS100 and monthly Ichimoku: What do we see? (Follow the steps) 1) Price breaking the Tenkan and retesting it twice. This is already a major bearish signal. 2) Following the Tenkan break, price doubled down and broke the Kijun + retested it TWICE! A strong bearish confirmation that the downtrend will continue. 3) The Tenkan/Kijun crossover, this is like a death cross of MAs (look it up). 4) This is a reversal signal. You'll notice how price never touched the cloud again. The monthly Ichimoku really puts things into perspective. It really enables you to see the bigger picture and that it is okay to buy in a bear market. You just have to let it guide you. 5) First confirmation of the reversal: the break of the Tenkan + retest. 6) Second confirmation of the reversal: the break of the Kijun + no retest was even needed. 7) 'Golden cross', the Tenkan/Kijun crossing over which is the third confirmation and that price is simply extremely bullish. 8) The Chikou Span breaking past price. This is similar to price breaking a resistance level, it gives the same kind of signal. This is the final bullish confirmation. This a very summarised explanation of how the Ichimoku Kinko Hyo indicator should be used BUT if you want to learn more about it, I strongly suggest you read the book by Karen Péloille: Trading With Ichimoku, A Practical Guide to Low-Risk Ichimoku Strategies. As always, have a lovely Sunday and happy trading! ;)
FX:NAS100Education
by Lexi_Is_Trading
3
XRP|The possibility of starting a new BULLISH waveAfter the price reached the resistance area of 0.7154 in the form of an upward trend, we saw the return of the price, which is in the form of a descending channel. The demand areas in the daily time have prevented the price of Ripple from falling further, which has gathered all the available liquidity in these areas in a last ditch effort to start an upward trend. At the moment, we have to wait for the channel to break upwards, and in the return to valid support areas, we should enter into buying transactions to reach the price targets of 0.7154 and 0.8341.
Long
by Golden_Star1994