#ichimoku cloud

What Are Ichimoku Clouds?

Ichimoku Clouds are technical analysis indicators. They plot moving averages onto a chart, provide support and resistance levels, and indicate trend direction. They are a popular tool in technical analysis. However, they can be difficult to understand at first. This article will provide some basic information about Ichimoku Clouds. Ichimoku Clouds are a form of technical analysis Ichimoku…

Key Indicator Says Bitcoin’s Momentum Is Weakening: Where Will BTC Head?

Bitcoin has been stuck in the $9,000s for the past two months, trading between $8,500 and $10,000 for weeks on end.

While the cryptocurrency has maintained the $8,500 support level on multiple occasions, a key indicator shows that the bullish momentum is weakening.

Related Reading: Crypto Tidbits: BTC At $9k, Grayscale Ethereum Trust, Cryptocurrency & PayPal Bitcoin Has “Weakening” Bullish…

About The Clouds: Bitcoin Holds Retest Of Key Weekly Level

Last night at 8PM eastern standard time, Bitcoin price closed its weekly candle at roughly $9,325. While the close marked yet another week of failed attempts to break above $10,000, it also marked the first retest of the Ichimoku indicator Kumo, or “cloud.”

Another retest is in progress and currently holding. If Bitcoin price can hold above the key level and close again, it could be the start of…

Ethereum Is Poised to Erupt 200% to $750, Crucial Indicator Shows

Bitcoin may be down 50% from its all-time highs, but Ethereum has registered an even more harrowing performance. Even after rallying approximately 175% from the March lows, the asset remains more than 80% below its all-time high of $1,430.Some have remarked that the asset’s inability to recover is a death knell for Ethereum bulls, but a top analyst suggests that ETH still has the opportunity to…

These Fundamental Trends Could Aid a Strong Ethereum Recovery in 2020

Bitcoin may be down 50% from its all-time highs, but Ethereum has posted an even more harrowing performance. From the asset’s 2018 highs, set at the peak of the previous crypto-mania, ETH has fallen by over 85%, trading at $215 today after reaching $1,430.Some have said that Ethereum’s inability to recover is a death blow for the cryptocurrency. Yet a leading analyst is convinced that the asset…

Bitcoin has done extremely well over the past month. Just over 30 days ago, the leading cryptocurrency was trading at $3,700 — 50% lower than it had been trading at the start of the previous day and 65% below the 2020 highs of $10,500. Now, BTC is at $7,200, nearly 100% higher than the bottom.According to Josh Olszewicz— a crypto analyst at Brave New Coin — the recent price action is about to see…