On early February 2019, ICON (ICXBTC) started its first strong bullish wave since the last cryptocurrency market bull run back in late 2017 / early 2018.
This wave generated over 89% profits from bottom to top and ended on the 10 March with a peak at 0.0000990... ICXBTC has been retracing since.
Yesterday after 42 days of retrace a big green candle showed up....
$ICX Crossing over resistance at ~700sats as result of the "P-Rep TestNet" announced for April 30th.
If current level hodls, potential next resistance/target could be around 900sats
UCTS Buy signal on the 12H
RSI & MACD rising
ABCD bullish pattern in play
The Double Bollinger Bands on ICX-BTC pair are now in the neutral zone again. Pay close attention to the price action at the middle BB (blue line in the middle). We will update the post once we see where the trend is going and provide you with a RRR setup. At this moment we are neutral and are waiting for price action on the BTC pair, however if BTC makes a move...
Here is a quick trade idea to remind you about ICON (ICXBTC). This one has broken passively above EMA10 and EMA50 and it is looking bullish and ready to make a jump.
You can notice the green arrow and our targets in red.
The stop loss is marked in black. We use manual stop loss for trading altcoins (cryptocurrency).
RSI and MACD on the bull side.
Here is an...
GBTC PREMIUM IS GREATEST WHEN BTC PRICE IS RIPPING AND GBTC PREMIUM IS LOWEST WHEN BTC PRICE IS TANKING. GBTC TAKES THE SENTIMENT SHIFTS IN EUPHORIA AND DESPAIR AND EXACERBATES THEM, AS IT REPRESENTS A LESS SOPHISTICATED SECTION OF THE MARKET WITH LESS INVESTMENT RESOURCES. IF ONE BUYS ON A BTC PRICE DIP WHERE THE GBTC PREMIUM TO NET ASSET VALUE CLOSE TO 30%, THE...
ICX providing a nice entry opportunity at this price point. Sitting on support and RSI nearing traditional pivot point. Low risk/high reward opportunity. Potential news catalyst in the works although unconfirmed at this point.
ICX-BTC has tested the 890 resistance a few times now and is ready to enter the last zone before testing the 1004 strong resistance, crossing which, the trade zone is a fantastic 30% lucrative gains area with top resistance at 1303.
BTC bulls like ICX too. I see ICX as a keen follower of BTC, very loyal one.
Ichimoku very bullish and...
ICON failed to stay in "TOP-15 marketcap" projects due to long correction and has been already "buried" by "ICON-killers" or "ICONs 2.0". We saw a lot of projects aiming to become the main blockchain in Korea, but no one (Fantom, Yggdrash, Hycon, Aergo, etc) succeeded in this mission.
In my opinion, the project is alive and the price is the main evidence. After a...
ICXBTC now is situated into an uptrend channel and just broked the falling wedge. In this 1D timeframe we have a bullish setup because:
-We have the first buy candle at MACD(momentum)
-RSI is situated above 50
-Stochastic rising and soon will hit the overbought zone
GOLDEN CROSS coming soon!!!!
Targets for midterm: 0.0000986 ; 0.0001100 ; 0.0001369