Cryptorphic
Long

ICX/BTC Bullish Pennant Another 110% Potential Rally ??

BINANCE:ICXBTC   ICON / Bitcoin
Since the massive Rally ICX has been correcting so far.
You can see clearly it is forming a bullish Pennant and also hovering around .5 fib level.
If yes there's an "IF" it breaks to the upside. I'll add positions on retest.
IMO upside momentum is highly likely as the Dominance is falling for the BTC and alts are getting relief. ICX is among those alts with strong fundamentals. The red dotted line is the long term Resistance.
MACD is showing Bullish signal too.
Let's wait for the breakout to enter.

#Peace
Trade closed: stop reached

Comments

I suggest having a larger stop loss.
Reply
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