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Iconbitcoin

There is a possibility for the beginning of an uptrend in ICXBTCTechnical analysis: . ICON/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . Price is in the support zone (0.0001130 to 0.0000770), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0001130) Ending of entry zone (0.0000770) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0001460 TP2= @ 0.0002060 TP3= @ 0.0002350 TP4= @ 0.0002640 TP5= @ 0.0003790 TP6= @ 0.0004720 TP7= @ 0.0005660 TP8= @ 0.0006990 TP9= @ 0.0008680 TP10= Free
Long
by ForecastCity
There is a possibility for the beginning of an uptrend in ICXBTCTechnical analysis: . ICON/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . Price is in the support zone (0.0001130 to 0.0000770), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (0.0001130) Ending of entry zone (0.0000770) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0001460 TP2= @ 0.0002060 TP3= @ 0.0002350 TP4= @ 0.0002640 TP5= @ 0.0003790 TP6= @ 0.0004720 TP7= @ 0.0005660 TP8= @ 0.0006990 TP9= @ 0.0008680 TP10= Free
Long
by ForecastCity
A Nice floor made on $ICX, is it the bottom?We love to see this chart. Looks like ICON just finish it's first price action wave. Which is we think that the bottom is in. Why? 1. Price is back to the level where it was started on the first day it listed on Binance. Under 10k sats is really a bargain. 2. The price action getting closer with the ichimoku cloud, which mean it's getting closer the reversal. it isn't valid yet, but can use this as additional opinion. 3. Another indicator which as you see that ParLE and ParSE again says that will be a good entry right there. but RSI level is showing a bear sign which we're not really happy. above all R:R ration on this chart is quite great, supported by fundamental reason we think ICON is one of the coin we should play in in few weeks ahead.
Long
by banned
10
ICON - HEADING TOWARDS DEATH! WHEN WILL THE MASSACRE END? ICX has been in the continuous long term downtrend since April end and the price has depreciated by 78%. It has been moving inside the falling wedge with a good slant slope which means a great selling pressure. The price has been continuously getting rejected from the basis line of the Bollinger bands.(See the circles marked with Pink colour) Now the price is at the lower boundary of the wedge from where it should try to move towards the basis line of the Bollinger bands or atleast till the upper boundary of the wedge. The last zone of support has been marked. If it falls below it, then i'll consider this coin as dead. Alternatively, there is a lot of upside potential left to be explored. A zoomed out view: This can be a good trade if the positions are opened after some signs of reversal and not to early. There is a lot less downside left for stop loss with a huge amount of upside potential. Tight stops can be used for this trade. I'll keep updating this, as and when required. P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
7