Take Caution with Odyssey

The Odyssey token - ICN , has been one of the best performance in the recent market. Since 9th of September price went up from $0.003 up to $0.005 in just one week time. This has resulted in a Odyssey gain of over 75% over the USD.

But it is obvious that the resistance is now at $0.005, where price has formed a double top . In addition, downtrend trendline has been rejected, along with the upper trendline of the ascending channel .

This makes $0.005 a very strong resistance level , which being rejected suggests the potential correction down. Price might retrace towards the 200 Moving Average area or even all the way down to the uptrend trendline .

However, watch the resistance breakout as this should indicate strong bullish momentum for the ONC /USD, where x2 growth potential will become highly probable. 
Comment: resistance broken... moon


go, Go, GO!
mindboxed mindboxed
@mindboxed, @OpenBlock Load new bars... WOW.
Love technicals
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out