Long

ICX Ichimoku cloud breakout

Updated
Coin Summary (As of writing):

  • CoinMarketCap: 19
  • Website: icon.foundation/en/
  • About: a decentralized exchange that uses smart contract, nothing new... but it is geared towards korean
  • Developers: github.com/theloopkr/loopchain
  • Roadmaps: 2018 is planned
  • Inception: ICO @ Sept 2017
  • Volume: ICO volume * 2 = ~800,000,000


Fundamentals:
  • First well known korean cryptocurrency


Technicals:
  • Ichimoku cloud breakouts
  • TD Sequentials had 9 consecutive reds
  • RSI dipped to a low of ~29
  • MACD crossover


Entry:
0.007242 - 0.007642 (Fib Retracement Levels)

Stop Loss:
0.006042 (Below the ichimoku cloud)

Targets (Based on Fibonacci Retracement Levels, all time low to all time high):
1. 0.008642
2. 0.010042
3. 0.013342
4. 0.016342
5. 0.018542
6. 0.020642
7. 0.024242

I would like to thank the Tradingview community for the resources they have provided me.
Trade closed manually
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Chart PatternsETHicxSupport and ResistanceTrend Analysis

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