Currently almost entering Ichimoku Cloud
- If we end a candle inside the cloud, there's a chance for cross-cloud movement to 0.002+ level
- If we don't enter the cloud, we'll have to retest either 0.00135 support zone and try to enter the cloud again, or there will be retest of 0.0011 level and attempt to break the cloud later when it's thinner
Due to the fact that OBV didn't cross over 50 level, and decline of volume , I'm more inclined to the possibility of retesting either 0.00135 or 0.0011
@austinance, It's different from the default settings, because the traditional markets have opening and closing hours. Crypto is running 24/7 so the settings needs to be adjusted. Some people are using another alternative settings 20,60,120,30 to get signals faster for day trading (not 100% sure here, this is what I remember). Definitely watch videos from this guy: https://www.youtube.com/watch?v=J3t2Tsn_Imk, he explains it quite clearly.
@userbeauty, Thanks! I can't actually explain Ichimoku Cloud quite well here just in text form. It shows resistance and support levels. Now we hit the resistance zone on 4h chart.
I suggest you to watch videos about it from Josh https://www.youtube.com/watch?v=J3t2Tsn_Imk ;)