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BTHUSD technical analysis

15 May 2018

On BTHUSD it can be observed that the price has formed a non-confirmed kumo break out yet based on the Ichimocu system.

The tekan sen and kijun sen seem to be in bullish formation, the chikou span is above the price and the cloud seems to be on the bullish mode.

What we would like to see here before start looking for any potential signals is the confirmation of kumo break out.

To have that we need to see the chikou span out of the cloud so we can have the possibility of an early entry based on the Ichimocu system



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