a.rafay
Long

ICX BTC - Event with the bullish formation

BINANCE:ICXBTC   ICON / Bitcoin
ICON can be dubbed as one of the best ICOs (12000% return at peak) in last few months. The product is amazing along with the super solid team, which justifies the fundamental price hike.

However, as we always say, charts dictate the upcoming fundamental event, its just matter of perspective and how you look at it. On 31st January, ICX is holding a big event and we are expecting some good announcements. The event is likely to have a good pre-run till 31st January. I believe this is a perfect scenario of "buy on rumor, sell on news" as we have so many conflicting accounts of what actually is going to happen on 31st.

Chart is pretty simple, ascending triangle is obvious and break out above the 0.00087 level can lead the price towards 0.00.17 in 2-3 days, stoploss should be at 0.00083 once the breakout is confirmed.

Happy Trading :)
breakout!
+1 Reply
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