ICX still looks bullish
.5 retrace of ICX did not hold because of the recent BTC drop
.618 the golden ratio should hold if BTC bounces.. (BTC looks bullish on RSI for a bounce upto 8.3k)
buy zones are in green. ( the sheer momentum BTC bounce brings can make ICX bounce earlier than the bottom point of the buy zone so watch BTC closely)
safe target zones are
-1:1 for wave 3
-1.618 for wave 5
wave 2 retraced .618 so wave 4 most probably will not retrace much (expected .382 to .5 retrace hence the 2nd buy zone)
will have to rework wave 5 if market conditions are favorable to allow for wave 3 to be extended.
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thank you
feel free to correct me if i m wrong
.5 retrace of ICX did not hold because of the recent BTC drop
.618 the golden ratio should hold if BTC bounces.. (BTC looks bullish on RSI for a bounce upto 8.3k)
buy zones are in green. ( the sheer momentum BTC bounce brings can make ICX bounce earlier than the bottom point of the buy zone so watch BTC closely)
safe target zones are
-1:1 for wave 3
-1.618 for wave 5
wave 2 retraced .618 so wave 4 most probably will not retrace much (expected .382 to .5 retrace hence the 2nd buy zone)
will have to rework wave 5 if market conditions are favorable to allow for wave 3 to be extended.
please leave a like .. it means a lot to me :D
thank you
feel free to correct me if i m wrong