ICXBTC trade ideas
ICX/BTC- the end of WXY correction or another failure (X) ?I am not really harmonized with this chart, both my previous analysis on ICX/BTC were completely wrong, first I was caught in fake triangle and second time, I was longing only expanded flat correction.
But now for the third time, I am more confident about my eliott wave count. I think there are two scenarios right now :
1) The correction is finished and ICON is heading in 5 waves towards 8000 satoshi (at least). In that case, we should see strong bounce from one of those two blue boxes, which should act as a strong support. However, until we are below BULLISH LEVEL, it could still ended up as another failure, which brings me to 2nd scenario.
2) This scenario counts with rejection from bullish level and with one big leg down and completing WXYXZ correction.
But I am much more bullish, because we finally broke that strong trendline, so buying at 3500 - 3200 satoshi might not be a bad idea.
This is my eliott wave anotation on lower time frames :
ICX dropping downBeen a long time my fellow cocopups!
I’ve been stuck on the island for a months now. I managed to get my things on track, so I’m back.
Today I will post ICX, one of my favorite projects.
If we confirm today below the MA then I believe we will revisit the 200MA
Let’s keep it simple for now will come back later!
ICX / BTC DAILY BIG FRAME ANALYZEIcon consolidating, potential price movements:
* Low volume in the same price area
* Conciliation in bull flag formation.
* Daily RSI is moving in triangle!
* Except next upward moving between last week of April and mend of may. This is also the apex of the RSI triangle formation zone.
* Potential consolidation area zone 1 and zone 2
* Don't be rush to ICX could take a view weeks for next break out.
Keep this in mind mates :)
ICXBTC - Follow up on wedge trade Support and resistanceOriginal wedge breakout never eventuated. But one of the trades is still a possibility,
1) looking at a break of resistance at 3615 for a Long R:R is approximately 2:1 as it stands. The SL for this trade reduced depending if any structure is formed before the break in resistance.
2) Another option is to place an order at the Demand block.
I see two demand blocks right on top of each other, so I am considering placing staggered orders, one for each demand block to give me a better R:R. (approx 5:1)
Just one thing to note is to consider what BTC is doing when you are entering, as large movements from BTC has a tendency to affect Alt coins.
#SOS #SCHOOLOFSPARTA #MBA #MBATRADINGACADEMY
$ICX, Looking interesting here as it crosses over ~3250sats$ICX
Looking interesting here as it crosses over ~3250sats level & breaks from long descending trendline
UCTS Buy signal on the 12H ✅
Looking for a R/S could be prudent before an entry but if gets traction it may not happen and go straight to ~4k
#ICX