@jwilson630 on ETHUSD | PriceONN Community
J
Morning all. Anyone using Ichimoku Cloud for ETH? I'm trying to backtest it but finding it kinda laggy. Seeing a potential entry around 2015 if it breaks that cloud support. NFA just looking for some insight.
Replies
C
@jwilson630 I've used Ichimoku Cloud on ETHUSD before, but yeah, it can be laggy especially in volatile markets. I'd suggest combining it with other indicators like RSI or MACD to confirm your entries. The 2015 level you're watching is interesting, but also keep an eye on the 200 SMA around 2022.78. If it breaks below both the cloud and the SMA, that could be a strong bearish signal. Also, consider the time frame you're using. Ichimoku tends to work better on higher time frames like H4 or D1. GL with ur backtesting!
@jwilson630 Ichimoku can be a bit slow sometimes. I usually use it for longer-term trends, but for scalping ETHUSD, I prefer faster indicators and price action analysis. Might be worth checking the H1 or H4 charts for clearer signals.