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TagsWhat are the key components of the Ichimoku indicator in crypto trading?
Elvinas NavardauskasNov 24, 2021 · 3 years ago1 answersCan you explain the main components of the Ichimoku indicator and how it is used in cryptocurrency trading?
1 answers
- The Ichimoku indicator is a popular tool used by traders in the cryptocurrency market. It consists of five components: Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span. The Tenkan-sen and Kijun-sen lines help identify short-term and medium-term trends, while the Senkou Span A and Senkou Span B lines form the cloud, which represents support and resistance levels. The Chikou Span line shows the current closing price relative to past prices. Traders use the Ichimoku indicator to determine trend direction, support and resistance levels, and potential entry and exit points in cryptocurrency trading.Nov 24, 2021 · 3 years ago
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