4HR Ichimoku Beckons
Cardano / Dollar (calculated by TradingView) BINANCE:ADAUSD
4HR Ichimoku Cloud signals a new opportunity for this pair.
Keeping it simple, the metrics have aligned.
- Bullish Kumo twist
- Price is above cloud
- Bullish Tenken-Kijun cross
- Lagging Span breaching top of cloud
- Candles formed HHHL
- Kijun and Ten-ken are angling up, a signal of momentum.
- Cloud direction is also upward.
First target I see is at 0.256859. Where we had previous major resistance, and a prolonged cloud flattening.
- Keep an eye on bearish Kumo twist on the daily chart .
- Reload at & as support levels form/confirm; i.e Ten-ken, Kijun & Cloud.
- Massive-sudden Btc 0.81% drop will invalidate this set up.
- Use a trailing stop loss.