I will update as I go along. Please read the chart for my indications on an ICX reversal. The chart is in 2D so this does not mean buy now. You need 1D or 12H full reversal candle conformation. Will update as it progresses. ALWAYS keep an eye on father BTC. Up or Down it can create further decay of ICX.
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Well as you as you all know BTC is taking off so ICX will not do as well. Once BTC stops and goes sideways we should be good to go. Also you notice how ICX is not dropping a ton during a BTC move. This also could indicate bears are out of position/oversold and losing steam on ICX.
Agree, Although having a small breakout now. The volume isn't there. Looks like a bull trap and we are going lower. ICON is still very bearish imo
DigitalData
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@jassem91, volume isnt the end game there are reasons volume doesnt exist at times
TipTopTraders
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I agree with that 3000 level you have in red. If we drop below that, it could get gruesome. I feel like any drop below this though is unlikely after a BTC break of 12k. Maybe that's speculative, but I feel like after a strong bull run by btc coupled with some consolidation will provide decent setups for people to consider moving their BTC into coins like ICX or NEO (ones that historically perform well relative to btc bullish trends)