cmougenot

ICXBTC idea retrace buy zone

cmougenot Updated   
BINANCE:ICXBTC   ICON / Bitcoin
ICX just reached feb 26th's high, 4H RSI and stochrsi indicators are both overbought, rising wedge, MACD 4H about to cross and go down

a lot of new for ICX, but needs to retrace. 2 potential buy zones that I can see:
20 / 200 EMA zone, which is also 0.382 fib retracement level --> 0.0003489
50 / 100 EMA zone, which is also 0.618 fib retracement level --> 0.0003000

what do you think?
Comment:
BTC is retracing, and so ICX broke the wedge to the downside, as expected. Let see where this goes, I will wait for BTC to stabilize before rushing in, BTC's movements in the next few days will tell us if 1st or 2nd buy zone
Comment:
right on target, hit the 618 fib retracement and doesnt look like it will go lower:
- daily MACD about to cross
- bounced on RSI 40 level
- Daily TD sequential looking positive
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.