Leading crypto currency in recent weeks Bitcoin $103,267.87The Ichimoku cloud, a powerful resistance point of, pointed out a remarkable rise in the crypto currency market. The movements on this technical analysis indicator aim to predict the general aspect of the market and the change in its momentum. In recent analyzes, it was observed that some large alternative crypto assets after Bitcoin appear on the Ichimoku cloud.
Ichimoku Cloud and Technical Analysis
The Ichimoku cloud is a Japanese technical analysis indicator used to reveal support and resistance points in price movements, trend changes and momentum. This mechanism; Leading Span A, Leading SPAN B, Tenkan-Sen, Kijun-Sen, and the delayed closing price line consists of five main components. The gap between the first two lines is called the cloud and the price movements on the cloud on or under the cloud may indicate that the market has changed direction. According to analysts, the cloud on the cloud is usually interpreted as a tendency to rise.
According to the latest data, after Bitcoin’s on this cloud, Dogecoin 
$0.2092 (Doge), Ripple 
$2.41‘s XRP, Ethereum 
$2,348.49The leading crypto currencies such as the ETH of the Eth of Solana and the Left of Solana are also remarkable with their tendencies by switching to the cloud these days. This stands out as a signal that alternative currencies follow the positive atmosphere in Bitcoin.
Price levels and resistance points
In the last graphs observed, XRP and Dogge prices are on their Ichimoku clouds and this movement points to the potential of more increase in prices. This rise, especially for XRP, led to the focus of prices on the resistance line followed from the summit in February. It is stated that the resistance level in question is approximately 30 cents. Following the Bitcoin movement, it is seen that these subcoins exhibited positive movements according to technical indicators.
For Doge, the existing prices are very close to the main resistance line specific to the bear market. Analysts say that this line can be exceeded and that prices can reach $ 3.02, where a new point of resistance can be encountered. It was also reported that this level represented a peak of a hill last March.
Technical view in Ethereum and Solana
For Ether (ETH), it is emphasized that the breaking on the Ichimoku cloud makes it possible to move towards the 200 -day simple moving average (SMA) at the $ 2,700 dollars. This means that there is technically more rise in the price of ETH. Experts say that a permanent movement on this level can be an important indicator for the continuation of the rise.
In terms of solana (left), the fact that prices are above the cloud may lead to a significant resistance point of around $ 218. This level represents a fibonacci correction level that emerged after the decreases between January and April. Analysts argue that the meeting of this level may be decisive in terms of price movements in Solana.
Omkar Godbole: “In the recent period, both Bitcoin and a few leading alternative crypto currencies on the Ichimoku cloud rises indicate technical positive pricing. The relevant resistance points are closely monitored and more purchase pressure may occur if these levels are passed.”
The evaluation of movements on the Ichimoku cloud in the crypto currency market as a rise signal led to the focus of technical analysts and investors. Experts emphasize the importance of overcoming the resistance points determined for the continuation of these ascension. It is stated that the monitoring of support and resistance levels helps to determine the general trend in the market. Readers can make more conscious investment decisions as a result of the monitoring of market techniques and the monitoring of price movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
