ICONUpdated ICXUSD Next Stop
Not trading advise, just playing and learning.
ICX has been trading between a parallel downward trend. It is now reaching the end of it, it will either break it or make another swing down. If it breaks the $1.7 I would consider the trend invalid and look for a new position depending on what the market does. If there's a powerful candle breaking the top, time to buy! with a target of $2 (resistance level) is around 10% return, so not bad.
ICX has been trading between a parallel downward trend. It is now reaching the end of it, it will either break it or make another swing down. If it breaks the $1.7 I would consider the trend invalid and look for a new position depending on what the market does. If there's a powerful candle breaking the top, time to buy! with a target of $2 (resistance level) is around 10% return, so not bad.
Trade closed manually
It did not reach the initial target of $2, trade closed at a small profit when candles started to return down. Let's see how it goes today.
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