Youstanzr

ICX short-term breakout

BINANCE:ICXBTC   ICON / Bitcoin
Looking at the beginning of April, The market resisted the breakout but bulls were able to stop downward trend and started trading sideways. Currently, the bulls took over by breaking out the sideway trading which will lead to a start of an upward trend. Before the takeoff, the support will be retested which will be a great entry point (marked on the chart). This idea is just for short to medium trading. The analysis for long term show different goals!

I would recommend selling 50% at target 1, 25% at target 2 and 25% at target 3. You can rebuy after selling at each target to have a better position. Buying positions will be updated when targets are reached.

Good luck trading :)

***This information is not a financial advice. I still learning and practicing.***
Comment: Retesting the support. Trade is still active.
Comment: Target 1 changed as its starting to trade in an upward trend.
Comment: The initial target 1 reached. if you sold here, rebuy positions are shown in the chart below

Comment: Sold at the first target, rebought at the rebuy zone and now we are heading to target 2. This is going very well so far.
Comment: Target 2 reached. rebuy zone at around 3950-4050 satoshi.
Trade closed: target reached: Target 3 reached. Trade is closed
Completely agree! Thank's for your insight. I really like the way you set up your charts. Clean and simple with an explanation.
Reply
@Xzhi, Your very welcome
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out