TradingView
AdamPalmkvist
Aug 2, 2018 7:28 PM

Icon towards 600 sats ($0.45 cents) Short

ICON / BitcoinBinance

Description

The last time i did an Analysis ICON i was a bit trolly with the trendlines. This is a more honest and accurate chart expecting ICX to hit 0.0000600 sats ($0.45 cents). It is hard to make these predictions when it's so volatile, however i do consider it valid still. The month August is expected really bearish, by experienced traders, so i'm also basing the analysis on that information too.

Comments
mpow
hats off to you again...bottom?
AdamPalmkvist
Thanks, lol. Hard to say as it's depends on the Hodlers to predict the exact bottom, i made a new post that i'm sure you'll dislike as much as you probably disliked this bear call. It's likely though that we'll see even more panic selling, their ICO price was $0,11 so going below that would be unlikely since ICON is backed by many Enterprises. I'm an open minded guy though.

The best move is to wait for sideways movement for a few months where it's flattened out (If you have the patience) before making a call. However from historically perspective, the bear market tends to last longer than what it currently has - So it's ultimately it's likely that the rest of 2018 and half of 2019 will continue the bear market before we turn. If that happens ICON will go below it's ICO price for sure. BUT the BTC ETF could twist things up and what would mean BTC will fly away and bring the ALTs with it once again. So i'd say keep your eyes open for fundamental news aswell.
More