ICX/BTC needs to bottom at 390 or lose 50% more: Icon in trouble

Updated

Icon has been dropping steadily since like forever.
It is now within the LAST band of possible support.
If it slips out of this band, only support is 50% lower.

4.618 "should" have been the bottom.
4.764 is a "stretch" as in a rare bouncer.
Next band in this fib is below zero (GULP)

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See some of my other ALT coins plots below.
I also plot Forex and some Stocks, check my profile page.

BQX bottom (maybe)

BQX/BTC at Critical Support: Ethos like many Alts in Danger Zone

ZRX breakout

ZRXUSD poised for a Breakout: 0x range bound Spring to pop?

XLM breakout

XLMUSD might have a path to New Highs: Stellar bull scenario

ADA breakout

ADA/BTC breakout could be BIG: Cardano 22-58 % minimum expected

IOTA Top

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DASH top

ONT top

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Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

Note

ICX is lagging most Alts. But perhaps due to this 4.618

4.618's are often very strong zones and this one is proving it

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Note

Still stuck under the 4.618 and not looking good.
The only possible signal would be a break about 4.618 and retest something like this

Unless we break above soon, it will probably drift down to the 4.764 and the x.764's are generally not a strong fib so would probably go through it.

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Note

Finally, ICX hit my green zone and looks likely to have bottomed with a spike today

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Note

Zoomed in:

We see the spike down and bounce.
Could be what Wyckoff calls the "spring".
Lets see if it gets past the top boundary of green zone.

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EuroMotif

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