ICX:BTC - Descending triangle that I am monitoring now.

By cybernetwork

Updated

Before the fall down to 61.8% level?
See previous analysis:

ICX: Breakup or Fakeout before continuing further down to 61.8%.

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Updated Chart:

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Price when down, but instead formed a bullish "W' pattern!

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Retesting previous support level turned resistance at 0.00004334 BTC.
Will be bullish with possibility of going up to 0.000046 BTC if it manages to go above 0.00004334 BTC with ease.

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Also paying attention to ELABTC (on Huobi) atm.
Been cost averaging since it was 1.5 USD and till it was 2 USD.
Looking like it might do an "ICX" anything now.

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There's one higher high for ICXBTC; need to wait till it shows a higher low then I will update with a new chart.

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Right now, it is looking more like it is just consolidating sideways.

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It is now looking more and more like a bull flag is forming for ICX.

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Bull flag breakout spotted

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Might accumulate even more if it comes back down to retest above the top white resistance turned support level; also depending on the state of Cyber Ensemble signal as well as PRISM Acceleration/Jerk Ribbon (AJR)

cybernetwork

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