ICON
ICX Launching Out of a Cup and Handle!ICX is in Wave 3 right now and has also formed what looks like a Cup and Handle formation. With it's ICO -14.29% Platform launching on the 30th I expect great things to come. We made over 10% gains today alone and I see much more to come!
Wave 2 retraced to the 0.786 Fibonacci Retracement Level and completed a round bottom which I am now calling a cup and handle . Wave 3 is targeting the 1.618 Fibonacci Extension followed by a high probability Retracement to between the 0.382 and 0.5 Fibonacci zones for Wave 4 to follow the Rule of alternation in corrective patterns.
This is a great coin with strong fundamentals and the technicals look strong as well.
Target for top of Wave 3 is 0.0006900 BTC
Bottom of Wave 4 between 0.0005400 and 0.0004800 BTC
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
ICON (ICX) Cup and Handle Bullish reversalHello Friends
In the last week's bull market, many Top coins had over 100% gains.
On the other hand Icon hand went up only around 50%. It had a 100% bull run on 20.03.17 so It's not surprising why it did performed only 50%.
BUT BINANCE:ICXBTC has built a nice Cup and Handle and is ready to break out of resistance line. And with the upcoming platform release on 30.April it will be like poring cola in a cup, so let us wait and watch it bubble over.
Check out the Bullish divergence on RSI and MACD. ( RSI made a lower low, while the price made a higher low)
Happy Trading
ICON: MARKET RECOVERY = 25.85% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 25.85% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 18: Crush Crypto (a cryptocurrency analysis site) identifies Icon (ICX) as a Crusher of the Month.
April 19: Deblock project announcement where Icon Foundation will work with a marketing company called AD4th (which digital advertising agency. Deblock function as a business incubator, which will assist blockchain projects to launch on the ICON platform by providing funding for the development of their blockchain related applications.
April 23: News articles with speculation that South Korea will remove their initial ban of ICOs.
April 27: News from Bloomberg publicises Pantera Capital Management LP recommendation ($1 billion cryptocurrency hedge fund) that ICON (ICX) is a "screaming buy".
Analysis suggests that increased interest as a result of the Bloomberg article has generated interest and trading volume in ICON (ICX).
ICON CRYPTOI am super bullish on cryptocurrencies right now, lets see what happends. Just bought a bunch of ICON today.