Ichimoku Cloud Indicator: A Japanese Approach to Analysis

The Ichimoku Cloud indicator, developed by Japanese analyst Goichi Hosoda in the 1960s, is a comprehensive tool for financial market analysis. Its feature lies in the ability to provide several types of information at once: support and resistance levels, trend direction, and possible reversal points. The Ichimoku Cloud consists of several lines, including Tenkan-sen, Kijun-sen, and Senkou Span, forming a "cloud" that helps traders quickly assess the market. This indicator is widely used in cryptocurrency trading due to its versatility and accuracy.