Looks like a textbook inverse H&S. On each movement volume increase the price was moving up. At the moment still below the neckline though, so even though it looks great, it can still fail. It looks like it needs Bitcoin' to break the 3900/3950. If the neckline breaks, we need to see volume increase as well. On the right we can see a green support, that one must ...
IOTA, ADA, NEO, ICX price target 2019
Just some of my where-is-the-bottom scenario for all altcoins
IOTA : Target $0.248 ( Reached ) | $0.14
ADA : Target $0.02 ( presale price )
NEO : Target $3.89 / $0.3
ICX : $0.115 ( presale price )
If bear market continue, we might see these price after parabolic capitulation sometime in the future ( BTC reach $1200-$1500 )
if alts can blast off they can hold some of their gains as bitcoin later sees new lows.
i made a thread explaining this on my pinned twitter
updated play by play of icon trade in comments.
Taking a look at the daily chart, we can see that in the previous two cycles since falling from the top, the price bounced drastically off of the bottom support of the descending channel before returning back down to land on the horizontal support.
This movement creates a ‘W’ looking pattern that looks like it will soon ...