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Azymetry
Mar 21, 2018 4:24 PM

ICX Fails To Break 0.786 Fib - Likely Correcting  

ICON / BitcoinBinance

Description

Hey Everyone, on my last ICX post (tradingview.com/chart/ICXBTC/u0Ya2D7p-ICON-Looking-For-a-Reversal/) i gave you an entry that turned out very lucrative. ICX will likely correct before moving up. It failed to break the first fib and that is now acting a strong resistance. More than likely this price increase was of this magnitude due to ICX being added to the largest Korean exchange.

Stay tuned!

~Azymetry
Comments
kash27
How low do you think it will go?

Thanks for the analysis
Azymetry
@kash27, Hard to tell as I believe the price is artificially up. It was merely caused by the BitHumb exchange addition. In my opinion, at least! If you like my work subscribe for more! I will be doing a followup ICX analysis either later today or tomorrow :)
kash27
@Azymetry, Yea I think btc was also artificially pumped. The volume, rsi and macd are screaming for a pullback. So youd say the listing on the 25th wont really cause a massive rally? Might be buy the rumor, sell the news kind of thing
Azymetry
@kash27, Always buy the rumor sell the news ;)
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