ICX Multiple scenarios
Updated
ICX has to make a move very soon
Now, what do we see?
Big picture shows we are at the end of the triangle, so a big move is just a matter of time.
Bearish signs:
* Ascending wedge (66 days)
Low volume
Overhead MA resistance (MA 20-100)
MACD trend is down
Neutral signs:
RSI straight at the 50 level
Bullish signs:
* Bullish pennant (114 days)
Above and supported by MA50 and MA200 support
MACD and momentum possible trendchange
Advice: no trading zone at the moment.
- Set your SL tight at the bottom of the triangle or under the MA50
- Set your alarm at the top of the triangle and get in poistion when it breaks above
Now, what do we see?
Big picture shows we are at the end of the triangle, so a big move is just a matter of time.
Bearish signs:
* Ascending wedge (66 days)
Low volume
Overhead MA resistance (MA 20-100)
MACD trend is down
Neutral signs:
RSI straight at the 50 level
Bullish signs:
* Bullish pennant (114 days)
Above and supported by MA50 and MA200 support
MACD and momentum possible trendchange
Advice: no trading zone at the moment.
- Set your SL tight at the bottom of the triangle or under the MA50
- Set your alarm at the top of the triangle and get in poistion when it breaks above
Comment
Follow-Up chart 4h - still in motion
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