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ICXBTC

Volume Climax| Key Levels| Need Bull Volume Follow through!Hello Traders!, Welcome back! Today’s chart update will be on ICX, bulls have got very critical levels to break to maintain a bullish bias… Points to consider, - Price testing resistance - Rejection from major trend line - RSI coming into resistance - EMA’s holding price as support - Volume climax ICX is trying to maintain a bullish projection but there is not enough follow through from the bulls. Price harshly got rejected from trend line resistance, signalling strong sell pressure, a return to local support line is more probable. The stochastics is currently in the lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside. RSI is coming into its apex, meaning a break is imminent, the direction of the break will dictate the direction of ICX. The EMA’s are currently holding price as support, this must stay true for the bullish bias as price tests critical levels. The recent volume climax signals that there are a lot of sellers at upper trend line resistance. Overall, in my opinion, ICX is more probable to return back to the local trend line as bull volume has not followed through. This will cool of all indicators such as the RSI before ICX has another attempt at breaking current resistance. What are your thoughts on ICX, can it maintain a bullish bias? Please leave a like and comment And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
by AzizKhanZamani
3
Today`s ALT!!! ICXBTCBINANCE:ICXBTC Exchange : Binance Coin: ICXBTC Buy Zone: 0.000018~0.0000175 Target Point: 0.0000191/ 0.0000199/ 0.0000206/ 0.0000213/ 0.0000222 S/L: 0.0000172 Risk: HIGH Term: Middle You should be careful in buying ICXBTC because of Bitcoin It`s trying to break Short Term Down Trending Line If it`ll fail to break Down Trending Line, it`ll support blue line and retry to break Down Trending Line The Volume is almost down Now, it`s time to be pumping !!! ===================================================================== Today`s ALT is that information is raised regardless of the Coin market situation So sometimes there`s a high risk trading Investment is your responsibility. I'm just providing about coin`s information =====================================================================
Long
by timbearr
ICXBTC - BEARISH SET UP. TRENDICXBTC PA is trying to keep insider the ascendant channel. Most of the daily indicators tell me that continuation of the trend is mandatory. However, 4H, 12H and some indicators give info about a last up till middle line of the channel before breaking the chanel itself. Red rectangle is a confluence: - Middle point of channel. - 0.5-0.618 fib level (not in the chart) - 55EMA - Resistance trendline (not in the chart). Red rectangle is where i would get out of a position if i were holding ICX against BTC. Indicators telling continuation bear trend: - MACD: Signal line crossing ZERO. - ADX: Sideways with DI- dominating. - RSI below 50. - 21 and 55EMA over PA acting as a resistance. The only indicator i see as an alarm for bears is stoch, that is on oversold position in a sideways market.
Short
by EstebanH