ICXBTC trade ideas
ICXBTC 1hr Bull pennant popICXBTC trying to bounce out of this bull pennant, might drop down to retest support within the pennant and break out at 3522 sats.
Icon ICXBTC possible buying opportunity!!It looks like ICX tested 3666 sats levels 3 times. I guess we will see a little short term reversal inside the parallel channel. Buying opportunity can occur between 0,236-0,382 fibonacci levels. There is also ichimoku cloud below that fib. levels so that also should provide a support in that zone. From that buying zone there is a possible 27% short term move because of the bullish flag formation. Lets see how it goes..
$ICX, Crossing over ~3250sats level w/ spike in volume$ICX
Crossing over ~3250sats level w/ spike in volume
UCTS Showing Buy signals across all LTF (15% up since 8H signal)
Willing to see a potential R/S flip at this level as continuation toward ~4k sats similar to what happened before as you can see in the chart.
#ICX
ICX/BTC!STP Crypto Alert 5/19/20 @everyone -- Swing Trade - - - 4hour chart looking bullish - Swing Trade
Ticker: ICX/BTC
Entry: 2900-3100 sats
Take Profits:3200, 3300, 3400, 3500, 3600, 3700, 3800 --> 4500-> (measured move of the falling wedge) --> 5-7k sats is longer term target of the fib extension!
Stop Loss: 5-7% stop loss however you wish to implement (depends on your entry)
Good luck Traders!
ICXBTC - Resistance Breakout - 20%ICXBTC breaking out of the descending resistance trendline, looking to hit 3550 sats, which is the top of a bigger flag.
Target 1: 3550 sats
Possible bounce pointsIcon could see a bounce at each of the green lines. A reversal into a bullish cycle depends I think on the overall market conditions surrounding cryptocurrencies and traditional markets. If everything is on the up and up I think holding ICX can be profitable in the next bull cycle. Buying when there's fear in the market and patience helps to build great wealth.
ICX Possible ScenarioIcx could break out of this descending channel and have a big move upward if bitcoin is making higher highs. If bitcoin falls lower over the coming weeks I would look to to see if ICX tests the mid line of the descending channel, or bottom support of the channel, or even break through and move down to test the .786 fib retracement of the move from Jan 10th to Feb 4th.
ICX/BTC - textbook EW structure (short term trade)After 5 - wave impulse move, price is moving in the channel, the textbook ABC correction could be finished. Targets and stop loss is also clear as a day.
DISCLAIMER : I am not currently in this trade, RRR 2 isn´t really attractive to me, price would have to go down lower to make me to enter this trade.
ICXBTC short term view on its channelsICX could be pushed to 32xx, breaking the upper resistance line an the mid-line of the lower channel. After that, price might visit 36xx and then 38xx, moving towards the upper channel line. Breaking the upper channel line, we might see 40xx soon.
No advice from me, please do your own research. I am just looking at the charts.
Possible change of trendThe price is still building the XABCD structure (which is bullish). The price is near the level CD = 1.13AB. We can start uptrend from this level or go deeper to 1.272 level.
Still there is not any factor for buying it.
So, from my previous analysis only scenario 1 is valid for me.
There is not any financial advice, just what I see on the chart.
ICXBTC Time to bust out of this D-WedgeSee the descending wedge, time to bust out of it with 20% growth in the short-ish term.
Target 1 : 3132 sats
Target 2 : 3308 sats
Target 3 : 3452 sats
Wedge could fail if it crashes through the floor
ICX decision time right nowWat will ICX do, BTC pumping and ICX looks to have found support and looks very oversold.
Are we going back up or down, we'll know very soon
LONG - ICX - Trading OpportunityBINANCE:ICXBTC seems to have bounced perfectly from previous support, starting what seems to be looking like the start of a reversal, managing to claim back the MA50 on the 1h chart.
Entry: 0.00003090
Target 1: 0.00003369
Target 2: 0.00003596
SL: 0.00002977
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The two scenarios for ICXThere is my analysis of the current situation on ICXBTC .
1. The local trend -> downtrend
2. Divergence in point A and C -> bearish
Scenario 1 – my current
We are going to point D, somewhere about 2857, but it is also possible to land only on the level 2996 – 3016 (strong level AB = CD). The formation XABCD is bullish , so from point D the uptrend should start.
Scenario 2 – an alternative option
If scenario 1 is wrong, and we are going up, confirmation of the uptrend will take place when a candle will be closed above 4651.
There is not any financial advice, just my two scenarios.
BULLISH BAT PATTERN *ICX*Rules;
XA/AB= 0,382-0,50 between
AB/CD= 0,382-0,886 between
BC/CD= 1,618-2,618 between
XA/CD= 0,886
Looks beautiful...
Not investment advice.
ICX/BTCHi friends, here my analytics for ICX/BTC price.
Reasons:
- FLAG PATTERN Form
- Always do your own Analysis After only Confirm.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
