What is the lagging span in Ichimoku and how does it affect cryptocurrency trading?

5 answers

• Nov 24, 2021 · 3 years ago
  The lagging span, also known as the Chikou span, is a component of the Ichimoku Kinko Hyo indicator. It represents the current closing price of an asset plotted backwards on the chart. The lagging span is used to confirm the strength of a trend and identify potential support and resistance levels. In cryptocurrency trading, the lagging span can be used to validate signals generated by other Ichimoku components, such as the Tenkan-sen and Kijun-sen lines. By analyzing the lagging span in conjunction with other indicators, traders can make more informed decisions about when to enter or exit a trade.
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• Nov 24, 2021 · 3 years ago
  The lagging span in Ichimoku is like the rearview mirror of a car. It shows you what has already happened in the market. By looking at the lagging span, traders can get a sense of the overall trend and momentum. If the lagging span is above the price action, it indicates a bullish trend, while a lagging span below the price action suggests a bearish trend. In cryptocurrency trading, the lagging span can be a useful tool for confirming trend reversals and identifying potential entry or exit points.
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• Nov 24, 2021 · 3 years ago
  The lagging span is an important component of the Ichimoku indicator, which is widely used in technical analysis. It helps traders gauge the strength of a trend and identify potential support and resistance levels. In cryptocurrency trading, the lagging span can be particularly useful for confirming trend reversals and avoiding false signals. For example, if the lagging span crosses above the price action, it can be a bullish signal, indicating that it's a good time to buy. On the other hand, if the lagging span crosses below the price action, it can be a bearish signal, suggesting that it's a good time to sell. However, it's important to note that the lagging span should not be used in isolation, but rather in conjunction with other indicators and analysis techniques.
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• Nov 24, 2021 · 3 years ago
  The lagging span is an important concept in Ichimoku analysis and can have a significant impact on cryptocurrency trading. It represents the current closing price plotted backwards on the chart, providing a visual representation of past price action. By analyzing the lagging span, traders can gain insights into the strength and direction of a trend. In cryptocurrency trading, the lagging span can be used to confirm signals generated by other Ichimoku components, such as the cloud and the Tenkan-sen and Kijun-sen lines. It can also help identify potential support and resistance levels, making it a valuable tool for technical analysis.
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• Nov 24, 2021 · 3 years ago
  The lagging span is a key element of the Ichimoku Kinko Hyo indicator, which is widely used in cryptocurrency trading. It represents the current closing price plotted backwards on the chart, allowing traders to assess the strength and direction of a trend. By analyzing the lagging span, traders can confirm the validity of signals generated by other Ichimoku components, such as the cloud and the Tenkan-sen and Kijun-sen lines. This can help them make more accurate predictions about future price movements and improve their trading strategies.
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