ICON / BitcoinLong
March 4th, ICXBTC, buying opportunity
- It reached a zone which was historically a strong support.
- Big divergence pattern was formed in MACD.
- People might want to wait for a clear passing of the MACD and then buy. I prefer to buy it right now to get it at a lower price.
- RSI is very close to being oversold.
- Once the MACD breaks out, I don't believe the first Fib retracement level would hold. The second Fib level would be a good selling target, it coincides with a resistance pattern.
Peyman.
- Big divergence pattern was formed in MACD.
- People might want to wait for a clear passing of the MACD and then buy. I prefer to buy it right now to get it at a lower price.
- RSI is very close to being oversold.
- Once the MACD breaks out, I don't believe the first Fib retracement level would hold. The second Fib level would be a good selling target, it coincides with a resistance pattern.
Peyman.
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.