IF ICX can break $0.462 (Fib. 61.8%), it will go to the moon. If it can't do it, it continues running in accumulation phase between $0.36 and $0.43 (Fib. 23.6% and 50%).
Details are as shown in chart.
To get a really good idea of what's going on with ICON, we're going to have to go back to the 1H chart:
We can see clearly what happened to the price action once $ICX broke through the south side of the uptrend line that was holding the price up previously.
Soon as the price broke...
Back to work from vacation, here's my first signal :)
Buy : Under 7000
Flash Sell : 7050-7100-7150-7200
Short Sell : 7300-7400-7500-7600
Long Sell : 8000-8500-9000-9500
Stop : 6700
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Since the end of April, Iconomy has been consistently losing to Bitcoin. Price went down from 18k to 5.5k satoshi in just three months, with a drop of nearly 70%. On the 31st of July, ICN/BTC has formed the low at 5.5k level where it rejected the lower trendline of the descending channel.
The trend is still heavily bearish, but based on the past price action, a...
Hello Dear followers,
It seems like the pullback is still not over and we are heading for one more double bottom formation in icxbtc pricaction. We believe green box is a good entry point, and below that we do not have any support zones since the coin entrance in binance.
ICX - Upcoming Events
30 June 2018
ICX/ETH Decentralized exchange
Iconomi (ICN) is hovering around a very strong support and now trying to break the downtrend. If breakout happens to the upside, a trade can be opened here.
I'll be tracking this coin for a trade.
Thanks for reading...
Iconomy currently stuck between the support and resistance levels. the support is at 78.6% Fibonacci retracement level, that is $0.87. The resistance is being the point of breakout of the descending channel, that is $1 psychological price.
In order for ICN/USD to start moving higher, a close above $1 is required. When/if that occurs, price should continue going...
Bouncing from fibo level and support trendline, plus break of downtrend line could confirm an uptrend. Target according to Fibo and further downtrend lines. StockRSI looks interesting. This analysis should be supported by a general positive market trend.
1. I have been watching Icon's chart for quite some time and most people including me have been eager for ICX to complete the Cup and Handle a few weeks back (indicated in the yellow), but has failed ever since.
2. I myself have exited the position due to the market failing to keep in tact the trend lines indicated on my chart, and also has failed to maintain...