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Possible bullish divergence on ICX/BTC 4hr? In my last post I talked about a bearish scenario relating to the ICX/BTC pair. This scenario seems to not have played out like I thought it would have with Bitcoin's price jumping from $6586 to $6870 at the time of writing. The ICX/BTC pair also experienced a jump in price today with it going from around $1.85 to $2.04. This price action seems to have set up the indicators nicely for the 4hr on ICX. On the RSI side, there is now a lower high, which could be a possible sign of bullish divergence. The MACD has also crossed over after being in the negative side for some time now with the histrogram upticking slightly. If we take a look at the chart for ICX/BTC, the 55 day moving average is still on top and we have failed to have a bullish candle close above it yet. It seems that the gap between the 55 and the 21,13 and 9 day moving averages are closing and there could be a bullish crossover sometime soon.
by broimjoe
Icon continuation higherIcon (ICX/BTC) broke the descending daily trendline and rallied up to the resistance around 0.00045. We saw a divergence between price and the RSI before the start of the rally which could signal that the buyers are in control at the moment. Price is now coming down to the previous resistance level around 0.00032. If this level holds as support we can see price making a new rally up to the resistance levels around 0.00045 and potentially 0.00065 Good Luck, CryptoTrendline
by CryptoTrendline
ICX Finally broken Free 400% Profit ICONI made the call that the baseline of the correction would be found at the 0.0002550 - 0.0002600 level, and it bounced beautifully for us right off that mark. It had been following the fibonacci levels perfectly ever since its release. After forming the descending channel that led to the baseline it bounced straight off that level and formed a new upward trend line, inside a symmetric triangle pattern. We have finally broken out of this triangle, and are making our move upwards. Here are the new fibonacci levels for our targets: First target is 0.0004157 It's so undervalued at this point, being $12 only 2 months ago and with such promising news coming mid April, we can be extremely bullish about this point. We need Bitcoin to not drop much further in order to maintain our momentum. All the best Please note: Invest at your own risk. This is not finacial advice.
Long
by alistaircanvin
ICX – When will the bulls be back + short term trade opportunity1) ICX has been in a beautiful upward trend channel ever since its listing on Binance on December 19th 2017. 2) When it broke support of that channel beginning of February, it plummeted in a very nasty downward channel from an ATH at 9234 sat to 4577, practically half. 3) Ever since, it’s been in a downward triangle formation where price hits the resistance line each time – and moving around Fibonacci retracement levels in between. 4) We are now trading at 3483 sat, and have hit the light blue 78,6% Fibonacci retracement level (note that the full 78,6% retracement level still shows more downward price potential all the way down to 2409 sat. 5) But basically, for the moment, we are trading near the triangle support ànd the Fibonacci 78,6% retracement. These are still strong support levels for the time being. 6) If we look at CCI , we see clear sell and buy signals (red/green verticals) that align with the up-and downward swings since beginning of February. We are now reaching a new “buy” signal there. 7) Looking at MACD , a similar story unfolds, and again: we are reaching a “buy” signal there. 8) I believe the next move will therefore be to i) 3862 sat (First Fibonacci retracement level), and that there is some more room to ii) 4227ish or so. That is not an incredibly great return potential, but still goes from 10 to 30% in the short term. 9) After that, it will likely need one more pullback before really testing the triangle. 10) In the meantime, one can keep a close eye on the price movement from the sideline and wait for a nice (hopefully upward) break-out of this triangle. Feel free to comment with some potential upward catalysts you deem relevant for the upcoming price movement! PS: this is no investment / speculation / trading advice – just my 5 cents!
Long
by A_Cryptastic_Mind
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