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tired_man_willis
Jun 5, 2018 1:26 AM

ICX Short Term Play 4hr Long

ICON / BitcoinBinance

Description

ICX had a nice 22% bounce since the bounce from 7k. After some green days we are finally getting the pullback that is needed.
BTC is floating around 7.5k for the time being and can possibly retrace a little more around $7200.
That being said, a drop in BTC will result in a drop in alts.
This box that I've drawn is my buy zone and I have a few orders layered up.
Additionally, I'm looking to see if the candles hit the trendline which could signal a potential double bottom.

Things to add: Volume is declining signalling a potential break soon. RSI looks to bounce, historically, off the 20 or right above it.

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