ICXBTC
ICON (ICX) How far can this rally go?BTC tanks to 8500 while ICX pumps to 4800 from 3900 satoshis. What happened? Ever since the RSI has dropped below 40, we have seen a decline, but that does not mean ICX cannot rally back to previous levels.
Likely Cause:
-The ICONest Webpage Launch was today
-Strong bounce from big support level
Buy In:
4500 satoshi range
Price targets:
4737-4800 satoshi range
5200 satoshi range (unlikely)
Stop Loss (Highly recommended)
4498 satoshi level
This rally can continue if volume keeps climbing. ICX holding past 4700 is going to be quite difficult. If it plateaus or we see bearish divergence, I believe selling out is the right move. This trade is very risky and I highly recommend the stop loss. I started posting this idea when ICX was 4500, and in around 10 minutes it rallied to 4600. Pretty crazy.
If you have any comments, please leave them below. Thanks for viewing and good luck in your future trades.
ICX ICON livin'...and heading towards launchpad support levelCurrently watching the green lower trend line to see a definitive move on Pantera Capital's biggest bag, ICON!
- if we break down, 0.0003730 level (red line) seems like a historical launchpad/buy area
- also coincides with the 0.618 fib
- if we break up, we still need to break upper trend line resistance
- 0.0005230-0.0005370 levels (possible sell area for short-term traders)
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
ICXBTC - won't be ready to move til end of monthHello traders,
We've corrected quite a bit but I think we still have a bit more to go. Likely towards the end of the month we'll see if IXC is ready to push again. For now, it's vacay time for this hard working coin. A break above the lower high at 4868 and we should see bullish momentum earlier than expected. Note the rare but valid descending channel in the RSI.
As always, good luck and stay safe!
Kinashi San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Not so fast ICXThats a nasty HNS (not shown) forming thatll break us out of the ascending wedge. Two negatives dont make a positive though.
I think it retests the accumulation zone (shown as green parallel). Either way, I dont think this is worth a hold right now. Bulls have gotten rejected by that supply (red parallels) line several times (about 4x on daily).
The only real positive i can find is the basis line seems to be holding on bollinger bands - not shown.
icxbtc ICON Bitcoin 7 Risk Reward Ratio Potential 20% Profit We have completed the first two waves wave 2 is 0.618 fibonacci retracement of wave 1 as expected. Our Target for wave 1 is 1,6-1,75 Fibonacci Extension of Wave 1. Place your stop Loss carefully. If this plays out as expected you can lock in 20% profits.
ICON (ICX) bullish signals on the 1D Chart - C&H + Double bottom- Cup & Handle pattern -> Check
- Double bottom played out -> Check
- Strong RSI -> Check
Strong Fundamentals coming from ICON:
11th May
Introduction of ICONest: ICON’s Token Launch Platform
medium.com
30th June or earlier
ICX/ETH Decentralized exchange
medium.com