This is the weekly chart and while there is not a ton of data on this seeing as it's relatively new, there is a bullish divergence being shown on the weekly chart. This also lines up with ICX being at an all time low from when it first came to market.
If BTC goes down, I'm sure there is room to go down well past this all time low, however, this chart independently looks like it could be a good long opportunity. Trade at your own risk and if you do, I'd suggest a stop loss 5-10% where you enter at this bottom as to not risk BTC crashing. This is not a day trading chart, this is a mid/long term outlook based on the weekly view.
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I'm seeing a bunch of charts like this - so the real test is if we are at a low for the whole crypto space. If we make another violent move, many of these alts will take a huge beating
Since All-Time High, -89.0%. Does that change anything? If it were the ATL, what changes? Thanks for the charts and updates.
crow1980
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@XLC, the all time low is tough to gauge since it came out in a bullish market but it is more or less in that zone of where it came out. The only way I personally can see it drop from here is if ICX had some hack or awful thing happen to the company or BTC crashes below the 5800 zone. Unfortunately the life of many alts are in the hands of bitcoin