TraderoftheCorn
Long

Icon - Testing Downtrend from July '18 (ICXBTC)

BINANCE:ICXBTC   ICON / Bitcoin
Liking this setup here for ICON ( ICXBTC ) for a mid~long term play if we can break trend.

We are currently testing a daily downtrend from JULY of last year and are 98% down (jesus) from all time high in BTC . This has been one of the worst performers in the alt coin bear market and could finally be ready to turn it around. This one can be a slow mover so I would enter this trade with a longer term mindset.

Entry: Daily close over trend line (195~200 area)
Stop: 4~5% from entry

Targets :
240 (short-term)
286 (mid-term)
404
490

Good luck!

BTC Tips: 3KKD7YKR7x9c4AZJJ56XJA8F3hp7hWSpTX
RVN Tips: RPtFfvxZAdBwNdQpG1jMwEnxhviCwkkcoJ
Comment: Successfully broke downtrend and backtested the trend line, but not quite the breakout we were hoping for. Uptrend still in tact, would like to look for a close over 198 for entry.
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