ICX formed falling wedge pattern- 18% Short-term target
Updated
My last trade on ICX has failed and hit my stop-loss. However, ICX now is not bad at all. It formed a bullish falling wedge pattern and about to break-out soon.
However, I am not recommend you to buy right now. Just follow my plan below to reduce your risk.
1/ Wait for the break-out then place buy order at the previous resistance line (upper red line). Make sure to wait for the confirmation candle. It maybe the fake break-out so be careful.
2/ If the break-out fail. Buy when it fall to 6500 zone ( you can set buy order a little bit higher) .
1st TP is at 7748 sat (0.382 fib level)- which is also a strong resistance.
2nd TP is at previous ATH 8494 (0.618 fib)
Stop-loss at 5500 (always place stop-loss at every trade)
However, I am not recommend you to buy right now. Just follow my plan below to reduce your risk.
1/ Wait for the break-out then place buy order at the previous resistance line (upper red line). Make sure to wait for the confirmation candle. It maybe the fake break-out so be careful.
2/ If the break-out fail. Buy when it fall to 6500 zone ( you can set buy order a little bit higher) .
1st TP is at 7748 sat (0.382 fib level)- which is also a strong resistance.
2nd TP is at previous ATH 8494 (0.618 fib)
Stop-loss at 5500 (always place stop-loss at every trade)
Note
ICX break-out and rebounce at the previous resistance. Hope you guys followed my plan and make some nice gain. Dont sell too soon, our 1st target is 7748. CheerNote
Reached target 1 and on the way to target 2Note
Reached target 2- 20% profit so farIt will move sideway or have a little correction before moving up.
Note
Reached ATH, I recommend you to cash out your initial investment and hold the profit.Note
Touched 0.786 fib then it go down for a correction. Also break if short-term bullish trend line. I wouldn’t recommend you to buy/sell now, still need more data to give a conclusion.
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