NeoButane
Long

ICXBTC - Bull flagging on the 61.80% retracement

BINANCE:ICXBTC   ICON / Bitcoin
To note: no long term channel has been established yet due to how new this coin is, meaning that there is risk involved dealing with it; akin to investing in a startup company. However, fundamentally ICX stands above most other new alt coins due to the sheer amount of partnerships they have.

MACD and RSI are looking alright and ICX is undervalued due to BTC             value tanking. Breakout is yet to occur so a better entry can be found within the flag or above it for confirmation.


Looking good on the 12 hour chart. Dancing on top of the 61.80% retracement and has yet to break the 38.20% speed resistance fan.
Comment: Actually, if BTC's parabolic movement out of its long term channel is any indication, ICX has established a channel but it's a bit messy.
Trade closed: target reached: Profit pulled at second high, looking very similar to a double top.
Order completely closed after it broke the price trend in a convincing fashion.


Comment: Consolidation phase under the POC. Expect price lower before breaks up or down.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out