RATE Group | Ethereum, Zcash, And Cardano Ichimoku Analysis
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Ethereum, Zcash, And Cardano Ichimoku Analysis

14 Jan Ethereum, Zcash, And Cardano Ichimoku Analysis

Posted at 08:11h in Cryptocurrency News by

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Daily analysis over the altcoins Ethereum (ETH), Zcash (ZEC), and Cardano (ADA).

Ethereum (ETH)

Ethereum (ETH)

Ethereum’s daily Ichimoku chart certainly hints at a change in direction – but not yet a change in trend. It’s hard to believe that Ethereum was trading up +178% in June 2019 only to close 2019 for a loss ultimately, but relatively flat. Currently, Ethereum is trading higher and above both the 2019 and 2020 open. Ethereum is trading above the Tenkan-Sen and Kijun-Sen but inside a thick Cloud. Perhaps the most bullish condition is the Chikou Span being in open space (it won’t intercept any candlesticks at its present value over the next five to ten periods). We can even see that Future Senkou Span A has just crossed above Future Senkou Span B, indicating a bullish outlook over the next twenty-six days. There remain two more conditions on the daily chart to have…

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