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A bit closer look at the graph after the news: medium.com
After steady decline, Iconomi has left its downward channel on the upside. More so RSI managed to curl up just above oversold area. Look for a move towards 0.0065 (horizontal red line) as a first target.
For the last few months Iconomi has been disappointing for traders and investors. The community constantly demonstrates how frustrated those that held on to this cryptocurrency are. The few optimistic posts aside, more and more people have sold off their Iconomi, often times taking big losses (which can be seen by looking at how the cryptocurrency has been...
At the moment Iconomy seems to be a sleeping beauty, that waits for starting another leg in it´s cyclic run on the logarithmic scale. Their cryptocurrency fund is doing very well, which shows Iconomi´s ability to manage such a fund smoothly in times of extreme volatility.
Iconomi has shown support on previous resistance levels, with signs of a triple bottom within a descending triangle, leading to mixed signals. A break above current downtrend and MA50 could lead to a trend reversal, with Entry/Exit levels shown on the graph. WNZ Get live updates and analysis of the cryptocurrency market: t.me
0.000720 is solid support. With upcoming btc run and segwit lockin I expect it to drop to fib786 and then drop to this support level. If it can hold it, this is most likely a good entry point.
KRAKEN:ICNXBT Triangle formation, descending wage pattern. Fib levels provide ideal entry signal as it has demonstrated strong support. ICN platform and Reddit AMA (tomorrow) should elaborate on the strengths of the platform and strategy to buyback ICN (therefore decreasing supply & increasing price)
It appears as if $ICNXBT is about to breakout of the falling wedge pattern. Fib retrace provide an ideal entry level and the narrow channel forming confirms strong support.
Triangle formation, MACD crossover and RSI indicating that ICN is underbought. Combined with the lack of price movement today relative to the crypto market indicates to me that ICN is about to go very bull ! Fib time signals indicate that a bullish period is about to begin. Hold on tight.
ICONOMI recently saw new highs after the announcement of the platform going online within the next two months. People are now taking profits and it looks like a new cup is forming like we've seen multiple times the past few months. I'm in ICN for the long run and I like to approach it from a fundamental perspective. There are a lot of bullish fundamentals such as...
ICONOMI is almost out of BETA, I have access to the platform, it is amazing and I believe ICONOMI will be a huge success. ICN is very undervalued, and only traded at 1 large exchange: Kraken ICONOMI will not be giving out dividends in the form of ETH but will actually buy and burn ICN the beta platform looks amazing will get new investors in the Crypto...
Been watching ICN for a while and it's broken the 20 day MA and the 200 day MA is about to be crossed...should be an interesting move up from here onwards
Short term down, then up. Middle term down. Long term up. No announcements, no news scenario.
Iconomi (I-C-N) was the only token that didn't appreciate in value along with the whole cryptospace during the BTC, ETH and DASH bull run. While the index token (ICNX that is available for buy/sell on the platform) gained 100% returns in one month and the whole I-C-O funds portfolio and the ICNP (performance fund, currently close to 9million USD worth) doubled in...
Not much history to go on in the chart. Respectable and anticipated project in itself. Bought a few days ago for a long. It could still go sideways for a couple of weeks in this nice tight channel. The second red line is the all time high. If it breaks that then it's unchartered (and uncharted) territory.