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without_worries
Feb 26, 2019 6:31 PM

ICON looking strong Long

ICON / BitcoinBinance

Description

A number of encouraging signals on this chart. Not a project I know anything about. However looking at the 3-day chart is exciting, strong move to the upside on the Stochastic chart, RSI breaking previous resistance. Higher lows on the RSI. And now we're about to test price (again) set by the bottoming candle with increasing volume. I'm in.

Trade active

Should point out this is Bitcoin only. Trade against the dollar may be a week or so out. Timing the market is a fools game, however. Easier to buy when there's sellers ;-)

Trade closed manually

Back to where we started. Price action has just hit the 600 day MA (200 day MA on the 3-day chart), which has significant support in the past.

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