ICHIMOKU KINKO HYO: A COMPREHENSIVE GUIDE

Summary from the TLDR Crypto newsletter

The Ichimoku Kinko Hyo is a comprehensive trading system originally from Japan that helps traders maintain a holistic view of an asset’s trend. The system encompasses six elements. These include the Kijun-Sen or base line, Tenkan-Sen or conversion line, Chikou Span (also known as Lagging Span), and Senkou Span A and B, which collectively form the Cloud (Kumo), a crucial feature of the system. The system applies to multiple markets, such as crypto, commodities, forex, and more. Its one-glance approach helps traders identify the direction and strength of a trend, potential support, and resistance levels and can provide overbought or oversold signals.