TonyTheBullSeverino

What Does The Ichimoku Tell Us About Ethereum?

In this analysis and educational post, I am examining Ethereum while also explaining the various aspects of the tool and how they work.

The first chart shows the Tenkan-sen (in blue) and the Kijun-sen (in maroon). Price is below the two spans which is bearish, but the spans are still crossed bullish. Bearish crossovers tend to arrive very late, however.

Second chart is the Chikou span, also called the lagging span. It is projected 26 sessions in the past. The green Chikou span is looking to find support at a candlestick 26 periods ago. Passing through the candlesticks to the downside is more bearish confirmation

The third chart is the Ichimoku cloud, showing price losing the cloud as support, and it looking ready to flip bearish into the future.

All of these things are potentially negative signs for Ethereum

Bitcoin 1D Japanese Candlestick Walkthrough and Tutorial

I'm using Bar Replay mode to rewind Bitcoin price action and walk you through how to read Japanese candlesticks day by day and consider them as data points to improve your trading outcomes.

Ethereum Monthly Bollinger Band Basis Retest

In my opinion, this is the most important signal in crypto right now.

Losing the monthly Bollinger Band basis typically leads to a roughly 60% drawdown

Holding keeps the buy signal active and should lead to new all-time highs

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