Hello traders! Testing out the Ichimoku cloud system for UBQ. Still a new concept for me. However, having studied past behavior, I believe that UBQ is showing strong bullish signs for the following reasons: 1) increase in volume 2) MACD crossover 3) Tenkan crossed over the Kijun and the Ichi cloud recently 4) Price is hovering above the cloud - Will take support from it going forward maybe?
P.S. : Still new to trading, take my idea with a pinch of salt ;) Look forward to hear your inputs!
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Looking at the 1D chart though, UBQ still has a long way to go for TK cross and price to move above the cloud.
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UBQ blasted through the cloud and is well on its way upwards in the 4 hour chart! The 1D chart is showing hope too, as candles are entering and closing in the Ichi cloud now. Im super bullish on UBQ! :)
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UBQ passing through the Ichi cloud on the daily chart and for the first time in a long time, Tenkan crossed the Kijun on the 1D chart. We are in for a ride! HODL strong!