What is up everyone! Hello to you all, thank you for stopping by. We have a nice little piece on ICX here to present. The subject of today's little discussion is "rounding bottom". We believe ICX is in fact in a larger rounding bottom and has a smaller rounding bottom within that is just breaking out! Who doesn't love a breakout!
The large rounding bottom...
WABIBTC 1D timeframe
I think that this is Rounded bottom pattern. If u measure in the middle from top to bottom u can use that as potential target, and target will be on the first line of fibb lvls (0.236) , around 15443.
Heres another coin that has similar short term price action. while the overall pattern is quite different the short term rounded bottom remains the same. Looking for a good pump on this one as well.
Could name several others but dont want to spread myself to thin.
This has set up a long base and rounded bottom. It has broken out and has a real product and service in cloud storage. I think it potential can move much higher on the charts...target is 12.00 area but this is based on the chart alone. this is a hodl
Here is my new idea. We just broke the 4500 resistance and we started a new up trend. We got a very nice rounded bottom possible cup and handle if the handle forms.
The RSI is oversold so we will see some consolidation around 4300 - 4600. The MACD supports an up trend movement. If you want to get into the trade the buy is 4700. I expect a...
Cup and handle or rounded-bottom? This is the question. It fits the rounded bottom pattern because the middle is exactly 40.5 days on one side and 81 in total. The only issue is that RSI and MACD are already quite overextended with RSI oversold and MACD way over extended. For cup and handle we need to wait for handle to form. Could this still go...
There are many interesting formations on this chart. First of all is double bottom where pair reached 0.00100000 in March this year and October 2015. It is clearly visible on weekly chart. We have upside down head and shoulders formation created from doji candles (it’s look better on hourly chart). Rounded bottom(marked with blue curved line). Pair is trading...
I marked rounded bottom which was confirmed as the trend reversal formation. This kind of formation is very reliable most of the time. Pair is flirting with psychological level(0.00001000) which is consolidated with GAP from Daily chart.
I think it is wise to wait a little bit to see what market will decide. I’m waiting for more confirmations.