Hello traders! Testing out the Ichimoku cloud system for UBQ. Still a new concept for me. However, having studied past behavior, I believe that UBQ is showing strong bullish signs for the following reasons:
1) increase in volume
2) MACD crossover
3) Tenkan crossed over the Kijun and the Ichi cloud recently
4) Price is hovering above the cloud - Will take support from it going forward maybe?
P.S. : Still new to trading, take my idea with a pinch of salt ;) Look forward to hear your inputs!
1) increase in volume
2) MACD crossover
3) Tenkan crossed over the Kijun and the Ichi cloud recently
4) Price is hovering above the cloud - Will take support from it going forward maybe?
P.S. : Still new to trading, take my idea with a pinch of salt ;) Look forward to hear your inputs!
Note
Looking at the 1D chart though, UBQ still has a long way to go for TK cross and price to move above the cloud.Note
UBQ blasted through the cloud and is well on its way upwards in the 4 hour chart! The 1D chart is showing hope too, as candles are entering and closing in the Ichi cloud now. Im super bullish on UBQ! :)Note
UBQ passing through the Ichi cloud on the daily chart and for the first time in a long time, Tenkan crossed the Kijun on the 1D chart. We are in for a ride! HODL strong!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.