ICXBTC Looking dreadfully oversold but I cannot see anything supporting the price here until 2000 Sats... ACTION: LOOK FOR BUY ENTRY AROUND 2000 Sats... SCALE BUY IN PROBABLY SAFER... GREAT LONG TERM HODL BUT THIS IS FOR THE SWING
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ICX following BTCs lead with a nice bounce up... Let's see if it can maintain steam.
Key resistance level for ICS is 3000 sats which also aligns nicely with the upper line on the downward channel.
Yikes. Price action was one of the greatest in the positive direction of one day movements. Its important TA is coupled with news, which was the Bithumb exchange.
kash27
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You dont think this months conferences will positively affect the price and give enough support?
nhdegen
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@kash27, Yes, but ICX price is by-in-large coupled with BTC and now BTC is on a bounce-back it brings up the whole market. I think this is a relief rally but we have to really see if BTC can push higher, otherwise, ICX will head back lower in the channel to 2000 sats
kash27
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@rtpthefirst, agreed. Im not very optimistic that BTC can keep itself where it is. I think its very probable that it will sink to mid 7k before it goes up and stays there. But even though the RSI for BTC shows overbought, it keeps adjusting itself to the new highs so Im not sure what to think at this point