I am a computer engineer that developed smart trading bot with Artifical Intelligence called "MikaBot"
I love strong longterm downtrend without bad news. +
I love good trading volume. +
I love useful projects for the world. +
As you see, Icon is under the long term down trend.
It is in also curve pattern.
There are two important levelt....
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 $0.43 (Fib. 23.6% and 50%).
Details are as shown in chart.
We can see that Icon is in a very heavy accumulation phase.
All EMA's pointing upwards where we have a big resistance at 0.46~0.50$ area.
Icon is having an enormous set of news recently but nobody speaks about it.
Icon Staking starting in august,a lot of identification releases,Dapps,Dex,etc., all coming this quarter.
This is my darkest horse in crypto...
Instrument has interesting targets. Moving up in the parallel channel.
The strategy is to buy and sell within the channel, collecting profits in order to take them to the higher targets.
Use stops when in position.
Future target areas are :
NOTE: Long term targets!
I will be the first to admit the recent bullish gains over the market have been surprising. If this trend continues then I predict that soon ICX will receive a massive bull run of it's own. The ICXBTC trading pair is at new ATL's, which is risky but also very rewarding if my prediction is true. Do your own research on this Korean project and you will see that they...
The weekly seems to have a decent enough trend line to keep an eye on a possible play. If by Mid July it hits upper target it maybe time to sale, and buy back a couple weeks later at the trend line. Something like sell at $.57 and buy back at $.4401. Just an idea, has to hit those numbers on that scale perfectly to be viable.
Stop-loss triggered and 3% profits taken.
I'm not 100% on this trade right now so i'm playing it safe until I see confirmation with higher lows and higher highs. Limit buy orders re-set at the 0.5, 618, 0.65 and .0786 fib levels hoping for another fill.
If i miss it i miss it but i would rather look for a better entry with less risk vs hopeium
Not this time ICX i remembered by Stoploss! Set my stoploss above break even and triggered shortly after. I set buy limit orders staggered down the fibs levels looking for a good fill.
Bullish on ICON for now
Well thank you bitcoin for totally messing up my plan today haha. it's funny to think back how frustrated i use to get when it flipped so quickly but after that bear market I have a good laugh followed by a meh.
I ended up holding that entire dip and am now back above breakeven waiting for it to play out. I could say I did it on purpose but i didn't, I forgot to...