Dude56
Long

Will ICON complete this huge falling wedge?

BINANCE:ICXBTC   ICON / Bitcoin
ICX is looking good in 1Day chart with oversold RSI and STOCH RSI , but in 4hrs chart we have right now a fully overbought RSI and STOCH RSI! At this moment ICX is testing the falling wedge resistance and if it breaks the only area that will give it some hard time is the red are that corresponds to 61.8% Fib level and 50% Fib level. At this point i would do one of these 4 options :

1- Wait for a dip to buy in considering that indicators are not bullish in 4 hrs chart and we are testing a resistance and ICX will probably give another entry before breaking the falling wedge .
2- Wait for ICX to truly break the resitance line and overpass the red area to buy in.
3- Wait for ICX to break up the resitance and buy in.
4- Just buy in ICX considering that it is a strong project and that it is now in a huge bullish falling wedge .

Remember to set stop losses for all your trades! And please do not buy any chart or signal without doing your own research!
Apr 21
Comment: Completed and runned up to target.
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