@benjaminleblanc82 on ETHUSD | PriceONN Community
I've been exploring different tools for identifying potential reversals, particularly around key support and resistance levels for ETHUSD. Has anyone here had significant success with the Ichimoku Cloud indicator? I understand the basics of the Tenkan-sen, Kijun-sen, and the cloud itself, but I'm struggling to integrate it effectively with my existing strategy, which often relies on Fibonacci retracements and RSI divergences.
Specifically, I'm curious about how you interpret the interaction between the price and the cloud during periods of high volatility, like what we've experienced today. Are there specific cross-over signals or cloud formations that you find particularly reliable? I've read some articles suggesting that a strong bullish move occurs when price breaks above the cloud and the leading span (Kumo) turns green, but I'd appreciate hearing from traders who use it actively in their daily analysis. Any tips on optimizing its settings for the crypto markets would also be very helpful.
Specifically, I'm curious about how you interpret the interaction between the price and the cloud during periods of high volatility, like what we've experienced today. Are there specific cross-over signals or cloud formations that you find particularly reliable? I've read some articles suggesting that a strong bullish move occurs when price breaks above the cloud and the leading span (Kumo) turns green, but I'd appreciate hearing from traders who use it actively in their daily analysis. Any tips on optimizing its settings for the crypto markets would also be very helpful.