I made the call that the baseline of the correction would be found at the 0.0002550 - 0.0002600 level, and it bounced beautifully for us right off that mark.
It had been following the fibonacci levels perfectly ever since its release. After forming the descending channel that led to the baseline it bounced straight off that level and formed a new upward trend line, inside a symmetric triangle pattern. We have finally broken out of this triangle, and are making our move upwards.
Here are the new fibonacci levels for our targets:
First target is 0.0004157
It's so undervalued at this point, being $12 only 2 months ago and with such promising news coming mid April, we can be extremely bullish about this point.
We need Bitcoin to not drop much further in order to maintain our momentum.
All the best
Please note: Invest at your own risk. This is not finacial advice.
It had been following the fibonacci levels perfectly ever since its release. After forming the descending channel that led to the baseline it bounced straight off that level and formed a new upward trend line, inside a symmetric triangle pattern. We have finally broken out of this triangle, and are making our move upwards.
Here are the new fibonacci levels for our targets:
First target is 0.0004157
It's so undervalued at this point, being $12 only 2 months ago and with such promising news coming mid April, we can be extremely bullish about this point.
We need Bitcoin to not drop much further in order to maintain our momentum.
All the best
Please note: Invest at your own risk. This is not finacial advice.
If the price of Bitcoin goes down, the price of Icon will go down too as people pull there money back into Bitcoin/Fiat. If this breakout is halted by this effect, we can expect it to retrace the green trend line, worst case a drop back to the 0.0002600 Fib Level and bounce off it.
If either happen, see this as an opportunity.