ninjacookies
Long

ICX Possible Bear Trend Reversal Time?

BINANCE:ICXBTC   ICON / Bitcoin
Our old friend ICX has been in a rather depressing downward spiral over the past week as it struggles to find a bottom.

However, that time may have come.

Couple of cues:

1) Double bottomed and bounced off the .382 fib retracement on the 2hr....typically a strong indicator of possible reversal and new impulse wave up.
2) Bullish divergence
3) Apparent attempted breakout of the descending wedge line
4) Last time RSI and Macd were at these levels history was very kind to this coin

I have a feeling this may be a great time for entry for a possible short-medium term swing trade. Stop loss will want to be placed at or slightly below the .382 fib support.

Verge just recently broke out, and I believe ICX's time is incoming.

Good luck and happy trading.
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