Hello everyone, hope you all are doing good? I'm back with the Part 3 of this amazing series, Understanding Trading Crypto With Ichimoku-kinko-hyo Indicator. If you haven't read the Part 1 and Part 2, I strongly suggest you that by clicking here for Part 1 and here Part 2. In today's article we would be looking at how and why is the twist formed and how it is used for trading?
Kuno Twist signifies a change in the price movement(trend) i.e a reversal in the price movement. How does Kuno Twist occurs? Kuno Twist occurs when there is crossover between Span A and Span B. How can we use to our advantage? We can use this crossover to our advantage, because there are two ways the crossover occurs. One way result to an upward movement in price i.e Bullish trend and the other way result to a downward movement in price i.e Bearish tread.
Bullish Kumo Twist
Bullish twist trend occurs when Span A crosses over Span B from below. So whenever we see this occurs, we should think about buying more of the tokens, because there will be an upward movement of the price. Take a look at the chart below for more clarity.
Bearish Kumo Twist
Bearish twist trend occurs when Span B crosses over Span A from below. We can use this to our advantage, so we sell our position when this occurs, as we expect a downward movement in the price. Take a look at the chart below for more clarity.
I hope you all found the article interesting and exciting. Do well to share your thoughts about the article in the comment section below. Thanks.
