The past few days have seen ICX go on a tear. Today we have seen ICX drop from around 988 sats to the sub 900 range. It could potentially reach the 8 or 13 day moving average (in a wick) before moving back up based on previous price action. I am buying this retracement. Stop loss is set below 13 day moving average on the daily.
Two nasty inverted hammer candles on the daily which signalled a sell off. Good time to buy right now as the price line is failing to get through the 8 day moving average. Potential 9% short term gain if longing from here to the previous swing high. Would put a stop loss at the 13 day moving average. Considering the daily is now in an uptrend I would be careful...
Just an observation that there the 8 day moving average and the 50 day moving average have now crossed on the daily (bullish) and it looks like we are about to set a new lower high (at 0.30c). Other oscillators also look bullish on the daily chart.
If this daily candle 23.03.19 can close above the 50 day moving average, preferably above 640 sats then it would potentially be a nice place to go long. The moving averages are starting to curl which could be signalling a trend reversal so long as BTC doesn't dump in the coming week. The histogram is starting to tick up and as we can see the RSI has been...
Risk to reward 2:15
Buy range 2485-2535
Sell range 2430 @8 day moving average
potential hammer candle forming
overall trend is bearish
50 day MACD shows downward momentum
RSI has a lower high
low volume daily candle
Up 13% on the daily
Risk to reward 0.85
Low volume sell off.
Sell @590-597 @ 8 day moving average. Next target is 13 day moving average.
RSI support formed from 06 of February. Potential bounce zone.
MACD histogram ticking up while price going down.
#ICX daily inverted chart.
New all time low reached. Great risk to reward ratio for longing for a LONG term play. Uncertain about short-medium term due to Bitcoin's uncertainty but if you aren't already scaling in here then you should highly consider it at these levels for a long term investment in a fundamentally strong project.
Looks like ICX/BTC has put in a higher low on the daily. All that we need now is to close above the previous lower high mark (713 sats) and it could signal a rally to the next resistance zone in the low 1000 sats range. Stop loss placed under the resistance at 678 sats. Good risk to reward set up for a short term swing. I would also be very interested in these...
ICX/BTC has been in a heavy downtrend since January 30th. We have seen a selloff to almost the 0.718 Fibonacci retracement level when calculated from the overall first impulse wave up. We recently broke out of the downtrend on the daily chart with high volume and looks to be forming a cup and handle pattern. The right side of the handle has at the time of writing,...
In my last post I talked about a bearish scenario relating to the ICX/BTC pair. This scenario seems to not have played out like I thought it would have with Bitcoin's price jumping from $6586 to $6870 at the time of writing. The ICX/BTC pair also experienced a jump in price today with it going from around $1.85 to $2.04.
This price action seems to have set up...
As you can see in the chart, I believe that we are going down to the 0.786 Fibonacci retracement of the wave 5 impulse structure, which would bring us down to 0.0002263 sats. BTC's price drops are also going to stop any potential outbreaks over the next few days. We are also seeing lower highs on the ICX/BTC RSI which leads me to believe that a continued downtrend...