ICX nearing previous highs so there will be much resistance.
Then we have Fib resistance and psych number of .3000 round.
Below we have Fib support at an important "Confluence of 2".
To be honest, I do not trade nor follow this coin/dev/usage.
But it was mentioned in chat so I thought to take a look at it.
Below is my thought process when looking at a chart for first time.
First glance, starting with last drop from $1.00:
Last bounce was a little spark that exploded to 9.618 , very often a wave killer
Possible Impulse of current bounce:
Putting them together and adding zones in Confluence areas we have:
Then we have Fib resistance and psych number of .3000 round.
Below we have Fib support at an important "Confluence of 2".
To be honest, I do not trade nor follow this coin/dev/usage.
But it was mentioned in chat so I thought to take a look at it.
Below is my thought process when looking at a chart for first time.
First glance, starting with last drop from $1.00:
Last bounce was a little spark that exploded to 9.618 , very often a wave killer
Possible Impulse of current bounce:
Putting them together and adding zones in Confluence areas we have:
Note
Making another run for it after the rude interruption by BTC Watching 30 cents keenly here.
.
Trade closed: target reached
Target hit, out for now, will look to re-enter after gauging pullback Close up shows the precision of Fibs.
Note
Since last update ICX pierced the .37 zone but pulled back hard .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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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.