ICN Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
Please like and share it.
Thanks for visiting.
Icnusd
Iconomy Buy Trade SetupIconomy currently stuck between the support and resistance levels. the support is at 78.6% Fibonacci retracement level, that is $0.87. The resistance is being the point of breakout of the descending channel, that is $1 psychological price.
In order for ICN/USD to start moving higher, a close above $1 is required. When/if that occurs, price should continue going up reaching on of the resistance levels. The fist resistance is at $1.3, that is 50% Fibs. Second resistance is at 23.6% Fibs applied through the all time high, that is $1.75. And final, key resistance, that could be considered as an upside target is located at $2.4 area, and confirmed by two Fibonacci retracement levels.
Price might continue to consolidate between $1 and $0.87 for a little while, but if it breaks and closes below the $0.84, the downtrend could start dominating sending ICN down to the $0.64 support area.
ICN POP: 3-10x chance
FINALLY!
After months of waiting and gearing up, ICN seem ready to pop! It's been undervalued for a long time, and I suspect bulls have been waiting for significant positive announcements. Today the announcement of FIAT deposit and withdrawals (EUR) on iconominet arrived! Expecting 5-10x from this trade.
Buy: 120-130
Target 1: 360 (x3)
Target 2: 1190 (x10)
Target 3: 1600 (x13 - unlikely)
Crypto Challenge - ICN longICN has been added to the demo account. It is a low probability setup. There is no such thing as doing 'ABC' on every trade. It just does not work like that. There is no trading method that will guarantee you a profit on every trade. It is not about being right or wrong. It is a game of probability. If you manage risk correctly you can be profitable.
Crypto Challenge - Icon alertMy icon alert was hit but I don't have to take the trade if it is not valid. The downside momentum is still too strong. I have much better setups on other coins coming through.
Crypto Challenge - Low probabilityThere are a few low probability trades at the moment this one and also lumen, lisk, bitshares, neo etc but I wont be starting my challenge on these. I would rather wait for the next cycle to start. I will take these trades when I get going on the challenge, just in smaller size.
-----------------------------------------------------------------------------------------------------------------------------
About the challenge
Crypto $10k to $1mln Challenge is for demonstration purposes only. Not to be taken as trading advice.
This is a simulation of my time frame matching swing trading method. It might give you some ideas for your own trading method.
You must find a trading method that suits you. That is different for everyone.
I am looking at fundamental and technical. I use the exact same method for everything that I trade. Stocks, forex, commodities , market indices - they are all the same. I just use different time frame matching depending on the volatility and trading conditions.
I have methods for long term to swing trading to day trading.
My method is about trading less using risk management and taking only higher probability trades.
The black line is my alert for an entry. This then becomes my entry level as shown by the green arrow.
The red line is my exit alert. This then becomes the exit as shown by the red arrow.
To show you support the challenge, smash up the likes! Thanks for your interest.
ICONOMI on massive opportunity with 10x possibilityBINANCE:ICNBTC
ICONOMI is the first and currently the only platform where four generations of digital assets are available. Going beyond Bitcoin (first generation), alt-coins (second generation) and application tokens (third generation) - the Digital Assets Arrays™ (DAA) represent the fourth generation, one that combines the properties of all underlying digital assets.
www.iconomi.net
Interesting coin, not in Bittrex. Traded in Binance.
Technicals :
In the recent days, volume is high compared to the past
Very low and potential to grow is 10x
400M market cap, 88th position.
I would recommend to buy at 280 and forget.
It is currently forming the trade, it may take many days to breakout or can happen tomorrow. It is one of the good investment for long term holders.
Entry :
280
Stop loss : N/A
Targets :
I will update.
Buy Now And You Win!As you can all see this is a clear chart that shows the setup for ICN's next wave in Iconomi's price rise. ICN has always been a great project and the crypto currency space is beginning to notice that again.
Iconomi Might Be Close to BottomFor the last few months Iconomi has been disappointing for traders and investors. The community constantly demonstrates how frustrated those that held on to this cryptocurrency are. The few optimistic posts aside, more and more people have sold off their Iconomi, often times taking big losses (which can be seen by looking at how the cryptocurrency has been performing).
This idea is here to show that at this present point in time it is really not worth it to sell Iconomi at a loss. We might have reached a bottom or at least we should be very close to reaching it. Even for those that are not familiar with Elliott Waves ( en.wikipedia.org ) the pattern should be clearly recognizable. We are reaching what is the end of a whole cycle. Furthermore we can spot a typical bubble pattern on the Iconomi chart. For reference:
i.imgur.com
On this bubble pattern we are also clearly at the bottom. As the "mean" shown there we can see the "Uptrend line 1" or in the worst case the "Uptrend line 2". Around the second uptrend line will be end of our free fall. Some may argue that we have yet to reach the "despair" phase, but that phase is not always present. Either way, we are close to the bottom .
What happens after we "return to the mean"?
There starts the first phase again. People will slowly start to accumulate Iconomi. The smart money will make a first step, since most investors will at first be insecure, which is understandable by looking at the chart history. And before we know it we will be ready for take off.
Iconomi will soon have the chance to shine again. After all, the fundamentals of this cryptocurrency are solid, as opposed to a lot of other mindlessly hyped ones.
