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
I expect a downtrend just like what I drow in the chart BUT it can pump too because of a really heavy resistance it needs a sharp move so if whales want to break it we will see a pump.
Buy between 630-600 with 600 stop loss. I need to check it again when it reached there so let me know in the comment section.
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...
ICX has been in an upward channel these past few weeks and with BTC breakout helped extend this move. As we broke down out of our channel and our fork tonight this is where we stand and our targets ahead.
Everything here is what I see. This is never financial advice trade wise.
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...
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 Looking good, Breaking from the bullflag that charted some days ago
Also a potential Cup & Handle in play
UCTS buy signal on the 1D (33%+ in profit)
Volume at good levels
MACD about to bullcross, RSI rising
Several Bull divs
Targets on chart.