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21.05.2018, 07:06

ETHUSD Fresh Bullish Kumo Breakout


Based on Ichimocu system it can be notice that the price is also above the cloud the kijun sen and the tekan sen seem to be in a bullish formation. The chikou span appears above the price.
Now the picture here seems to be bullish for the moment and we would be more confidence if the stochastic was below the 20 level.
Other clues here that may state a potential bearish momentum are the blue color of the cloud and the slope of tekan sen.
Now based on the Ichimocu system we would like to see here the possibility of the price to bounce on the tekan sen start looking for any potential signals.



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