This is a coin that i absolutely love! Fundamentally this coin appeals to the average investor that wants to get in crypto but doesn't have the time or knowledge to get involved in all the different exchanges and wallets and all the time and effort you have to spend to really know what your doing to invest in crypto. ICN is an investing platform which allows ppl to choose investment options similar to an index fund with many different options to choose to invest in. Simply an investor chooses which "fund" to invest in and the fund managers at ICN reallocated or rebalance your portfolio based on the percentages of that fund monthly. This platform started taking investments as of mid DEC so even though the coin has been around for a long time they are an actual company actually providing a service unlike the majority of the coins in this space that are still in the idea stages. Its my belief that because they are up and running this coin really has massive upside this year as ppl will start to invest heavy during this pullback and once we get this market turned around im calling moon shot for ICN.
More than the fundamentals the chart has just gone through a double top or m sharped pattern which was a sign of a pull back but now were right at the last support level an not only is it a 7x just to get back to all time highs but if we get above all time highs which i think we do now that there actually up and running. The risk to reward on this chart is just amazing. This year has started slow but last year ended highly over extended and this pullback was much needed and if you really trying to make life chaning money this year in crypto you should be loving this pullback becuase i dont think we ever see prices like this again!. But with all the fud out and all the bad news that's being spread most ppl aresitting ontheir hands just waiting which im not against but i think if you wanna hold some coins longer term you have to be scaling in positions at these prices because were starting to see oversold on large time frames such as dailys and just for bounces we can see easily 50% moves up once we get this ship turned around.
All in all, the market isn't dead we will get this thing turned around and scaling into alts that you believe in needs to be your top priority here at these mind blowing prices. I love to trade and will continue to do that but some things are better to just invest in and very hard to trade and get the kind of returns you can get by simply buying and doing nothing. But this kind of investing has to be done when everyone else is running away and you think the price will never turn around not when were seeing all time highs and every news article is good and telling you to buy! Also with smaller cap, lower vol coins like ICN when this thing takes off it could be up 50-200% before you ever see it and can happen as quickly as an hour so like i said above coins like this are better to invest in or trade a much longer time frame than larger cap coins.
More than the fundamentals the chart has just gone through a double top or m sharped pattern which was a sign of a pull back but now were right at the last support level an not only is it a 7x just to get back to all time highs but if we get above all time highs which i think we do now that there actually up and running. The risk to reward on this chart is just amazing. This year has started slow but last year ended highly over extended and this pullback was much needed and if you really trying to make life chaning money this year in crypto you should be loving this pullback becuase i dont think we ever see prices like this again!. But with all the fud out and all the bad news that's being spread most ppl aresitting ontheir hands just waiting which im not against but i think if you wanna hold some coins longer term you have to be scaling in positions at these prices because were starting to see oversold on large time frames such as dailys and just for bounces we can see easily 50% moves up once we get this ship turned around.
All in all, the market isn't dead we will get this thing turned around and scaling into alts that you believe in needs to be your top priority here at these mind blowing prices. I love to trade and will continue to do that but some things are better to just invest in and very hard to trade and get the kind of returns you can get by simply buying and doing nothing. But this kind of investing has to be done when everyone else is running away and you think the price will never turn around not when were seeing all time highs and every news article is good and telling you to buy! Also with smaller cap, lower vol coins like ICN when this thing takes off it could be up 50-200% before you ever see it and can happen as quickly as an hour so like i said above coins like this are better to invest in or trade a much longer time frame than larger cap coins.