Note: i removed all other indicators, just like yesterday, to make the chart as clean as possible.
So for me there are two possible scenario's. The first I posted yesterday (triple bottom reversal) the second is here:
-We are forming an inverse C&H on the daily that could be bringing us back to our long term uptrend which i've drawn starting in march '17....
Prior trend: Reversal patterns for Triple Bottom Reversal should come from a (long) bear trend
Three Lows: All three lows should be equal, spaced and mark have clear turning points. Lows don't have to be exactly equal.
Volume: Volume levels decline, increase near the lows.
Price Target: Well read for your self;)
ICX is currently still in a bear trend. There are only a few indicators we can analyze due to novelty of this asset and therefore the lack of data.
- The red dotted support line has proved to be a strong support, dating from around Christmas (12/27). Yesterday it bounced from this support, which it is currently testing again. A breach of this support...
TA can guide you; however, this will be the drivers of the price:
-Mobile wallet in March
-ICO's in April
-DEX in Q3
With common sense you will see: $3,62 price is a steal for a project like ICON. 2018 is going to be big, not because TA says so but due to their team showing they can accomplish their ambitious roadmap.
Price will surge; just like ANS/NEO did...