$ICX has been on steady downtrend since early May which was confirmed by a TK cross and price has continued to trade under the Kijun Sen (think of the Kijun as your slow MA), with an occassion bounce to the Teken Sen (fast MA). For the last month on the 1D, price has been ranging from about 1.28-1.78 (+/- a few pennies, a wick here or there). Presently the chart setup says STAY AWAY. Price has not reacted to $BTC bounces, price is nowhere near the Kijun (let alone the cloud), Future cloud is still bearish and RSI is still in the dumps. Once I get confirmation on the HTF that change is coming, I would stay away from this ugly duckling before she blooms into a beautiful swan.
Comment:
So ICX broke through. 1.27 support. I have none below this. This ugly duckling might get uglier.......