ICX low risk Buy Opportunity (Bottom of Channel)

Updated

As you can see on the chart, ICX is following this uptrend channel and is on the bottom of the channel right now, which is great opportunity to buy with very low risk. Reward/Risk ratio is 90%/10%.
*MACD is flat and has a huge room for growth.
*RSI is also in the middle with huge room for growth
*Consolidation is about to cross Base line (9MA, 26MA) which is signal for going uptrend

Buy in range: 0.0007-0.00075

TP 1: 0.00085
TP 2: 0.001
TP 3: 0.00125
TP 4: 0.0015

Stop loss: 0.00063

Note

Target point 1 Reached exactly as predicted, it reached the top of the channel.
Now we're gonna see a bit of a retrace and after that, let's see if it will go down to the bottom of the channel, or break the resistance and start going uptrend.

Note

There is not much to say, all is on the chart.
Price broke out from MAJOR resistance which now became support, all we need is time for price to reach our next target

Note

As you Can see on the chart, we are still back within the channel, looks like people did not like The Genesis annual Summit yesterday which caused price to get back to the channel after a break out, however, break-out happened couple of days before the summit so it is still possibility for price to break out once again and start going up, but of course, be careful price also might break DOWN from the channel.
Volatility is about to increase, so says the Bolinger bands.
Let's see what will happen in the following days

vakkob

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.