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Ichimokukinkohyo

Tesla correction to $190 likely imminent. There is a strong confluence zone of Gann’s Cycles of the Inner Year between Dec 19 and Dec 22 180 bars from the April 4 swing high 144 bars from the May 24 swing low 97 bars from the Aug 4 swing high 91 days from the Sept 22 swing high Additionally, there are significant gaps now between the bodies of the candlesticks between Dec 14 – Dec 21 and the Tenkan-Sen. Significant and surging volume coming in while $TSLA hits new lows. The price value of $144 itself is an important number in Gann Analysis. Anticipated outlook: A return to $190 value area over the next 42 to 49 trading days.
NASDAQ:TSLALong
by itsjustanalysis
1
BTC/USD - Interesting times ahead with an Ascending ChannelBTC/USD 1 day chart quick update. Here is a closer look at this 1 day chart. BTC is in an Ascending Channel Pattern. BTC is still in a Falling Wedge Pattern. BTC is still in a Descending Channel. BTC is still in a massive Ichimoku Y Wave Pattern. At the moment of typing this, BTC is fighting to stay back above its 200MA. If BTC CLOSES this or tomorrows daily candle ABOVE the 200MA and stays above it, and we see a successful re-test of the 200MA as strong support, then we could see BTC attempt to break out of its Falling Wedge Pattern upper trend-line. Note that BTC has not closed above its 200MA since Monday 27th December 2021. Note that BTC is also back in the Bullish Zone of its Ichimoku Cloud. Looking at the Bollinger Bands, we can see the Bollinger Bands Upper and Lower Bands are expanding away from each other indicating increased volatility for the upside because the Middle Band is also pointing upwards. The Price is also walking up the outside of its Upper Band. Looking at the Relative Strength Index (RSI) we can see that the RSI is in the Overbought Zone on this 1 day timeframe. The RSI is still above its 9 Period EMA. With the RSI in the Overbought Zone doesn’t mean it will drop as the RSI line can range sideways for a prolonged period of time. Interesting times ahead if BTC manages to CLOSE this daily candle ABOVE its 200MA and then its Falling Wedge Pattern’s upper trend-line. A successful re-test of these 2 levels as strong support will be further confirmation that the bottom is in and a new uptrend has started. Note that after such a huge rise, maybe not yet, but we should expect at some point a correction downwards on this1 day timeframe. Who knows, if this continues, we may eventually see a Golden Cross on this 1 day timeframe when the 50MA crosses back above the 200MA. I hope this is helpful with your trading and hodl-ing. Correction on chart as i had the wrong trend-line signed above for the Ichimoku Y Wave lower trend-line. Below is the correction. Apologies.
BINANCE:BTCUSD
by TradingThroughTheLens
1
Daily TF Breakout Alert🔥What's up guys! Today I'm sharing a new alert we've got on EOS crypto coin! The coin still in range but we've got a beautiful kumo breakout which is a perfect Ichimoku Cloud set up! Please be aware breakout can always be false so make sure to set a proper stop loss and manage risk accordingly. I'm just here sharing whenever I see a breakout set up I like! D1: Ichimoku Cloud Breakout from bottom to top piercing through. Extremely tight stop loss on D1 which makes it very attractive to enter! All lines pointing upwards! H4: Series of HH and HL coming into resistance, you can wait for price to break 1.221 to enter or set it as target if you will. H1: It's creating a bullish pattern about to breakout even ATR is silent about to breakout strongly at any moment! All good for now! I've set target profits on D1 but you can do the same for lower timeframes on H4 and H1 accordingly. Happy trading, stay shiny 🔥
Long
by KinaStar
2