XRP’s Break Above ‘Cloud’ Resistance Is Bullish Example for Bitcoin: Analyst

The Ichimoku cloud, a technical analysis indicator created by Japanese journalist Goichi Hosoda in the late 1960s, is widely used by traders and analysts to identify support and resistance levels and measure trend changes. The indicator consists of five lines based on moving averages of price: Leading Span A, Leading Span B, the Conversion Line or Tenkan-Sen (T), the Base Line or Kijun-Sen (K) and a Lagging Closing Price Line. The spread between Leading Span A and Leading Span B represents the cloud.