While the market is bearish and continues its slide to the down side, ICNETH pair is looking to hold on strong to move to the upside.
In the two hours time frame, the use of ichimoku cloud metric will be used to determine the price trend. The current price in relation to the Cloud, the color of the Cloud (red for bearish, green for bullish), the Tenkan and Kijun (red) cross, Lagging Span (Chikou), and Senkou Span (A & B). The current price move to the upside is triggered by the kijun(red) and has move down back below the 0.236fib,price returning back to the kijun has a high probability and getting close the cloud resistance. This will also trigger a trade called the EDGE TO EDGE TRADE. If price break the cloud resistance and closes inside the cloud, there is high probability of it reaching the upper cloud resistance and will likely breakout resulting to a kumo breakout.
Only when price breaks the cloud resistance and enters the cloud, this will give a signal to take a position.
SELL:0.0015919sats up to 0.0016632sats