After what looks to be an accumulation period which went from Feb 10th to June 29th price has recently broke through the Weekly Resistance of 4139sats and is now back testing as Support. If price holds this Support there should be nothing stopping it from having another attempt at the Monthly Resistance of 5500sats. However, if price were to lose this Support then...
-After a fail breakout, the price is back to the 200D MA support
-The 200ma is confluence of previous Higher Low at 3100 range
-Can we expect a good bounce from this area?
-Well, if only BTC will move sideways and Dominance chart for the next 5 days
-Then, it is likely to see ICX bounce up to 4000 sat area
-Bearish scenario, close below the green area...
ICX is correcting after a strong bullish movement, but where to buy? It would be an excellent opportunity to buy if it does back to test the demand area. That was former resistance zones that are support now levels, So we must buy on support regions.
Please push like a button and follow us.
If there is something we are 100% certain of now is that the altcoins market continues to grow.
I remember saying many times in the past... " This is only the beginning " when we saw strong bullish action and I truly believed it.
I am happy to see the altcoins market (cryptocurrency) growing and growing... Here we have ICON (ICXBTC).
This one is now trading...
Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
ICXBTC 16H: accumulation / 75% gains / BUY DIPS(NEW)
-just broke above the weekly body resistance
-it may retest the new support zone at 4300 range
-the market is bullish as the price is trading above 50W MA
-new series of Higher Lows on the weekly timeframe
-the ascending trendline will give us a guide of this uptrend
-for the long term, targets are up to 5900-9000 sat range
-as long as the btc.dominance...
Just below the current strong resistance we have a ascending triangle.
Can it break through this without another pullback is the question and risk.
12 HRLY chart, close up
3Day chart, 13 hrs to go, bullish candle so far
ICX broke the monthly resistance and successfully bounced off the resistance and turned it into support.
ICX is looking bullish and is possible to hit the yellow targets in the coming days/weeks.
Hodl Hodl Hodl
And hope BTC.D won't rekt us.
Please like and follow!
Trying to break from ~3200/4000 sats range that has this asset bouncing since Jan 2020...
Crossed over ~4k sats (R/S flip on the 1D) w/ UCTS Buy signal on almost every timeframe..
If volume starts flowing in, it can lead to a movement back to ~5k+ sats (20%+)
Good evening all and welcome to another Alt coin analysis Im trying out. I am looking at ICX/BTC and I am seeing some life in a coin that is still pretty far down from its ATH. The thing is if you are trading this you can still make a lot of money if you play your cards right. Last time I analyzed this coin was the middle of last year and that is when I put this...