ICON (ICX) is getting ready to breakout. This is a very strong altcoin available for trading on Binance. Really good volume.
Let's take a closer look and position ourselves for a nice, very low risk and high reward trade.
ICON (ICX) Trade by Alan Masters
CHARTS, SIGNALS & INDICATORS
- You can see the triangular pattern on the chart above. ICON is getting ready to move after a 6 months long retrace. - We have a double bottom on the RSI and bullish divergence on the MACD. - Weekly closes today, but reversal candle has formed. - Plenty of room available for growth up in the weeks to come.
TRADE INSTRUCTIONS
Buy in: 0.000282 - 0.000322
ICON (ICX) Targets by Alan Masters:
(1) 0.000378 (2) 0.000432 (3) 0.000475
Note: Use targets as reference only to sell for profits. Not all targets are meant to be reached. Make sure to sell small portions of your holdings each time you reach a target and only leave behind 20% for the higher targets. Here you can learn more: Selling the targets - The Basics.
Stop loss: 0.000210
UPCOMING EVENTS
- 30 June 2018 - ICX / ETH DEX Launch. ICX/ETH Decentralized exchange.
Low risk, high reward...
This is exactly what we need and what we want.
Namaste.
Comment
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If you want to do very, very low risk, you can try 0.000280 as your stop loss.
Trade active
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We are getting closer to the breakout point. Will we move up or down?
I am seeing bullish divergence on the MACD both on the 4h and 1d time frames.
We are trading above some small resistance on the 4h time frame as well.
Here is a quick chart for your entertainment:
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Looks like support has been found, if it holds, we are ready to make the next move:
Check my profile for many strong, easy to follow, low risk, high reward trades.
Just like this one and much, much more.
aminebaloo
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Hi,
Thanks for sharing your TA, may I ask when you say "Here you can learn more: Selling the targets - The Basics.", there's not link or anything ?
AlanSantana
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@aminebaloo, This link is available on my website.
bitcoinrich1973
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Alan, I like your analyses but why do you keep trumping altcoins when we are in a bear market - doesn't it seem off beat? Why don't you give us bear trading strategies?
AlanSantana
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@bitcoinrich1973, What you are reading is my strategy. Buy, hold and later sell for profits.
Simple is best for me, as simple requires nothing and profits are always coming. It is very easy... for us.
We are winners... Thanks a lot for your support.
Namaste.
Metiu
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@alanmasters,
Who is winner?
Does someone tracks results of your trades?
I can estimate your trades this year made around 70-80% lose in terms of $$$ because holding BTC all this time while making -ROE coin/btc trades at the same time.
So can you please explain what makes you and us in your group winners?
Metiu
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@all When you see someone saying "simple", "require nothing" and "always profit" in the same sentence while trying to get money from you - grab your wallet and run!
Ecua_Trader
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@bitcoinrich1973, @alanmasters 35% stop loss. very attractive trade lol. Why buy and see it drop 50%+ instead of just buy at lower price? Winners? I have to question that. You are a winner. getting paid for these charts is definitely a big W lol.
Docanders
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Hi Alan, looks like at least a 300% gainer to me, if the bullrun starts soon. 50% seems a little conservative, but maybe you adapted to the market at the moment. Nice to see that your posting more charts. Take care!