Ichimoku is the best indicator in crypto coins, especially for short positions. Of course you can use for any period you want, but this indicator works best for 15 minutes and 1 hour periods.
You can only use Tenkan and Kijun intersections to determine whether the price will go up or down.
You can use various financial sites for the indicator. The example we will provide is through investing.com, which the majority recognizes and uses.
- We open the technical graph of the desired currency and activate the Ichimoku indicator.
- After the indicator is turned on, activate the Conversion Line and Base Line only in any of the lines of the indicator (for example, double-click on a small circle in step 4 as shown in the picture below) and in the style settings section as you see in step 5. If you want to clarify these lines also thicken them.
Thus, we have prepared the indicator as we will apply. Now what we're going to follow is very simple. The following figure shows the movements you will follow in the indicator.
When using this indicator, of course the volume and RSI status should always be observed.