befunkt
Long

ICX In A Pinch

BINANCE:ICXBTC   ICON / Bitcoin
ICON appears to be in a similar situation that we just saw Ripple in before it broke out sharply (and then bounced back down just as hard).

Huge bullish divergence in all the right places. If you check the 15m and 30m charts, where alt coins tend to be more responsive than the big players, the divergence persists and we can see a very smooth and gradual rising of the lows on the MACD that appear to be consolidating to zero towards the apex of this squeeze. Could signify longer-term long positions.

After the way XRP played me last night, I'm weary of taking on a new long-term girlfriend, so I will be proceeding one candle at a time here.

Wait for the breakout! Set stops accordingly!


Cheers!
-B

*This is not advice to trade. If you would like to take everything I just wrote in this post and create an abstract message from it where I'm subliminally encouraging you to be a better version of you and to love everyone around you, then by all means, take this advice. But don't trade just because I said so.
With their wallet launch soon, and platform launch in April, it's set to be an exciting few months for Icon. I'm really bullish about their long term prospects. One of the most undervalued coins considering it's potential strength and that it was $12 two months ago! Thanks for the TA
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