ICONIC theoretically has completed Wave 4 @ 0.4, and it should be making its way for Wave 5. However, it is currently on sideway, probably accumulating before making a move. It is currently on a minor downtrend channel with a strong support zone at 0.46-0.48. A strong resistance zone is at 0.625-0.645. With Bollinger Band expanding and Stochastic oscillating up...
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
1. VOLUME IS INCREASING 2. WAIT FOR PRICE BREAKOUT AND MA 50,200 CROSS FOR STRONG UPTREND 3. MONITOR CLOSELY
As you can see, the course has bounced off the zone. For now, we expect a buy. Possible goal is the 0.618 retracement.
USDJPY (H4) ----- English ---- USDJPY hat einen schönen Anlauf 0.786er Retracement gemacht und ist dann wunderschön abgeprallt nach unten. Ich denke wir sehen hier einen weiteren Abwertstrend bis zur psychologischen Zone von 111.000. Wir tendiere auf short. USDJPY (H4) ----- German ---- USDJPY made a nice run 0.786 retracement and then bounced down...
Investing in ICNB as another long term penny stock play to add to my portfolio. Not buying expecting to get rich over night, but in a few years this could be worth quite a bit. Real company with real products, very excited for the future.