This is a daily technical analysis of the Coindesk analyst and technician of the approved market Omkar Godbole.
About two weeks ago, I discussed the bitcoin bull’s breast (BTC) above a technical resistance called the Ichimoku cloud and a potential for a $ 100,000 rally. This week, the cryptocurrency forced six figures.
From now on, the best alternative cryptocurrencies such as the same Doge, XRP focused on payments, the ether of the Ethereum blockchain and the Solana soil also crossed the cloud, flashing by bulls.
The analysis, developed by a Japanese journalist in the 1960s, is used to identify support and resistance, momentum and change in price actions. The indicator includes five lines: a leader of leader A, a B-range, a conversion line or a Tenkan-Sen (T), a basic line or a Kijun-Sen (K) and a late closing price line.
The difference between the first two lines makes the cloud. The multisgments above and below the cloud of Ichimoku are taken to represent bull and lowering changes in the momentum.
The graph shows that XRP and DOGE moving above their respective ichimoku clouds, signaling more gains.
In the case of XRP, rupture changes are focused on resistance to around 30 cents, characterized by the trend line falling from the summits of February. DOGE is negotiated near its bears market trend which, if it was in the lead, would expose resistance to $ 3.02, the lowest created on March 2.
In the case of ETH, the escape opened the doors to the simple 200 -day mobile average (SMA) at $ 2,700. Meanwhile, Sol may meet resistance at $ 218, Fibonacci’s retrace of 61.8% of the sale from January to April.
