buy the 0.5-0.618 if it gets there confluent with the formation of this bullflag and (R) SH of this inverse head and shoulders set-up
buy and hodl so we can make all the white paper reading community members happy once we make higher highs
who know's they'll get out at break -even
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...
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).
Three options seem obvious to me with this ICON set-up. One is to buy the upward trend line to the top of the range at .30 for potential 20% profit. Another is waiting for a retest of .18 before buying the bounce and riding it back to .30. Last, we could stand pat until .30 breaks and we get a big push out of the current range.
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...
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.