Following up this pattern for a while now, had a perfect retest today and untill now it looks as this chart came out of a book.
First we see a breakout what became a fakeout,
then we saw a break of the fakeout high and we tested and got rejected by the previous lower high @ 4046 sat,
and today we backtested the wedge breakoutpoint and bounced off.
What do we see...
IcxBtc break out from downtrend channel and been ranging for a while in the bullish flag formation, the setup really worth to look at.
Kindly go through the chart and do leave us your comments to let us know how you feel about our view,
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TA: Icon is starting to look bullish again, with that alts momentum going on this could pump nicely, and MAs are holding price action.
FA: ICX will be on special sale at -50% next Thursday in The Syndicate of Crypto.com exchange, using CRO. Plus you can Earn up to 14% APR there.
Current Price= 0.00003499
Buy Entry= 0.00003500 - 0.00003238
Take Profit= 0.00004142...
ICON/BTC seems to be forming a bullish accumulation pattern at this short term resistance line, in this case, we must enter on the breakout and the stop must go below the flag, this is a very simple trade, and seems to be very bullish.
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Icon is one of the gem many has yet to realise. This is the Korean ETHEREUM. Icon is the only one that is worth mentioning in KOREAN market as of now. LITERALLY can own 50% of Korean market when this matures as Icon is already working with huge enterprises and Korean governments now.
One reason i say this is because it is building an STO platform. this platform...
Here is a simple trade setup for ICON, who is inside a short term downtrend line, and now seems to be reverted on the support of this channel with a bullish engulfing candle, the objective of this trade is on the resistance of this channel, the stop must go below the today's minimum.
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Potentential temporary bottom seems to have set in for ICX and from there price keep a rally up to complete a cycle and presently the correction phase seems to be over. Spotted potential AB=CD here.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch for are:
POSSIBLE ENTRY ZONE
Hello friend, I spotted downtrend channel on ICX with price testing the top of the channel and if break out we should just relax not to fomo but rather to wait for Pull back and go for Long.
If the breakout eventually happen then there will be a flip between falling channel and rising channel all is shown clearly on the chart.
Kindly follow the suggested...
This is just a simple way to use RSI combined with MACD to find entry and exit points.
We are looking at ICON (ICX) a very promising Korean project.
When the RSI enters the oversold regions (<30), this indicates a good time to buy. Conversely when the RSI enters the overbought region (>70), this indicates a good time to sell (or hold if you are keeping it as a...
On LTF, we see that it broke out of and retested the ascending triangle it was painting.
The measured move for this is not large, about 10%, however breaking out of the more dominant falling wedge is significant.
If it decides that it wants to break out it should go much higher than 4.1k sats, at the very least retest the top at 6k.
We will need to be patient...