BINANCE:ICXBTC   ICON / Bitcoin
So ICX has lost all of its gains over the past 2 days and we have gone lower. While this is alarming, the critical level to pay attention to now is .000424 level. If the bulls do not show up within the next two days and set a daily higher low, signalling a reverse, then we are in trouble and probably will see lower lows. I'm not sure how low we can go if we break this patter/orange trend line because I also see a bearish ascending wedge so some traders may react more bearishly off that. I personally like to see it as an ascending triangle but we definitely need some buy side action soon. If i were in a position here, I would put a partial stop loss under .000424. Partial because I still believe there will be potential Consesus hype wave coming in the next weeks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.