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.
This move is quiet dangerous because from price action alone you couldn't tell if this is a run to 0 for ICX.
In the Long Term ICON is still one of the best projects out there imo. But this doesn't matter until we see some strength in the Market.
If you try to catch the knife now is probably a good opportunity! But it could also go on to free fall til death.
ICXBTC now is situated into an uptrend channel and just broked the falling wedge. In this 1D timeframe we have a bullish setup because:
-We have the first buy candle at MACD(momentum)
-RSI is situated above 50
-Stochastic rising and soon will hit the overbought zone
GOLDEN CROSS coming soon!!!!
Targets for midterm: 0.0000986 ; 0.0001100 ; 0.0001369
Two nasty inverted hammer candles on the daily which signalled a sell off. Good time to buy right now as the price line is failing to get through the 8 day moving average. Potential 9% short term gain if longing from here to the previous swing high. Would put a stop loss at the 13 day moving average. Considering the daily is now in an uptrend I would be careful...
Just an observation that there the 8 day moving average and the 50 day moving average have now crossed on the daily (bullish) and it looks like we are about to set a new lower high (at 0.30c). Other oscillators also look bullish on the daily chart.
ICON is on the verge of a bullish break out. It is approaching both the final 1D Resistance and the Lower High of the 1M Channel Down.
I am looking to buy on the break out of this level (0.365000).
If this daily candle 23.03.19 can close above the 50 day moving average, preferably above 640 sats then it would potentially be a nice place to go long. The moving averages are starting to curl which could be signalling a trend reversal so long as BTC doesn't dump in the coming week. The histogram is starting to tick up and as we can see the RSI has been...
ICX Icon, the Korean Ethereum, is ready for another pump and the indicators on the H4 are showing a bottoming. The Double bottom has clearly occured on the USDT pairing and confirmed with an initial pump away from the bottom. Couple this idea with my idea that bitcoin is about to rocket up and coins which did very badly throughout the bear market such as this one...