drgorogbalazs
Long

ICNETH Kraken 09Nov2017 – RSI Bullish divergence

KRAKEN:ICNETH   ICN / ETH
ICN             broke out falling wedge against ETH on 3rd November. After consolidation on support line RSI divergence can be seen on 4 H chart and expecting upward movement. ICN             is at its all time bottom and on the 4 H chart it looks as a triple-bottom as well in the past days. I expect upward movement – I am already in with approx. 1300 ICNs.
Based on Fibonacci levels and previous support/resistance I expect the TP levels –
TP1: 0.382 of recent upswing – approx. 0.0045
TP2: 0.618 of recent upswing – approx. 00.55
TP3: 1 of recent upswing – approx. 0.007
However based on patterns develop at these TP levels either a portion of ICN             may be kept for longer term and/or with seeking for day trade opportunity at around these levels ICN             portfolio may be increased by shorting and by re-buying.
Comment: RSI divergence still bullish. Moving in falling wedge. Waiting for breakout. I am trying to copy here an updated chart.
Comment:
Trade active
Comment: On daily chart 10-day MA is closing to 60-day MA, Stoch and RSI seems to confirm upward movement, close to step in the cloud. Should move up now in my opinion.
Comment:
Any day now :)
Reply
@jprim000, Hi, yes, thank you, it is a long wait but never felt/seen signs to step-out:-). I am constantly checking news/updates of the Parity 'killing code' issue that was impacting ICN as well and a good proposed resolution of the issue can be potentially a catalyst. Let's see. I am still in:-).
Reply
jprim000 drgorogbalazs
@drgorogbalazs, Yes...I am still in too...little more than you(x2) ... I see potencial as well.. I agree with your assesments (tp1, tp2, tp3)....but for now it must break barrier 0.0040, after that...like others like to say...to the moon :)
Reply
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