ICXBTC long, weekly candlestick confirmation
Updated
Very nice weekly bullish candlestick reconfirmed the previous buy signal on the daily chart (engulfing bar of 29 June). Confluence with bottom of channel trend line and 1.618 fib level. Good place to enter a medium term long position.
Comment
"previous buy signal" link belowComment
The yellow dotted line is the 550 sat level, which is major support turned resistance (and market opening price level in 2017). I expect it to be a good target as there will be some profit taking and indecision as market will determine if we will break back above 550.Related publications
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.