The indicators seem to be bearish at this moment on the 4h chart. In my opinion we will see a dip towards lower levels around 7477 and 7266 satoshis before moving back up. I do recommend to buy back before the mainnet launch on the 24th as that will likely make the price go up again.
Trade active:
As predicted ICON has breached the 7477 satoshi level down to 7359 levels before rebounding back upwards. Hopefully you have taken advantage of this situation and bought on the dip.
We may see the target of 7819 or a retrace back to 7477.
We may see the target of 7819 or a retrace back to 7477.
Trade closed: target reached:
We have tested 7200 and now are bouncing back up. I won't be updating this anymore unless needed. Please let me know if there are questions about this trade.
Comment:
As we have seen we have reached the 1 fibonacci level and after that we are seeing a small correction. For the short term I am bearish/neutral for ICX as the indicators suggest. Medium/long term ICX is a solid buy imo.
