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ICON / Bitcoin

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ICXBTC trade ideas

IcOn - Ethereum's alternative - bottom 0.0000880First of all - Technical analysis of any sort is based on historical price action. Any future price action prediction is a theoretical view of an author in regards to speculated price movement. Trader/analyst/investor by using chosen set of tools hopes to gain profit from those trading pairs which seems to follow rigoristic criteria. Icon/Bitcoin is now one of those pairs from my point of view. Major focus : 1. Theory: my ideas always fail. 2. A trend is your friend. 3. Importance of Rsi (Relative Strength Index). 4. Patterns / Formations. Analysis : It is obvious that we are certainly not in a bull market. As an author of this analysis, I am assuming we found a bottom in the ICX/BTC pair. RSI indicates signs of bullish divergence (12'th of September vs 12'th of November) - volume is dropping, bears are slowly losing steam. We can clearly see falling wedge (white) and bullish broadening wedge (blue) - both indicate a possible change of price movement to the upside. Targets are divided into 2 categories (green and yellow) - green is most likely to happen in a relatively short period of time (up to 90 days) yellow is a longer term investment. If bottom at 0.0000880 is broken and candle closes below, we can expect the price to drop down to previous low (around 0.0000770) - I would advise here tight Stop-Loss at 0.0000840 level. This analysis will be regularly updated.
Long
by crypto_poet
ICX Wyckoff Ready to move or have we lost momentum?Welcome! I've been watch this wyckoff on ICX develop, but half way through where we should have seen a push to the upper trend then move back down the momentum dulled. This is perhaps due to bitcoin and the uncertainty in the market surrounding the change to a bullish market. If not, it shows a lack of interest in ICX and those who are accumulating it maybe in trouble if we make a move down through our lower trendline. I'll be on the sideline waiting for support, but if all goes well we'll be looking for a push to the zones indicated above our wyckoff distribution. Thanks for reading, happy trading!
by thomas58700
ICXBTC BUY OPPORTUNITYICON price trading in BUllish channel and presently we have potential BAT pattern. With price hitting bottom trendline this showcase good buy entry for the coin. Possible Entry and exit targets are clearly stated on the chart. BLUE: POSSIBLE ENTRY ZONE GREEN: SELL TARGETS Join our discussion room for more about our trading ideas. Please share your thougths about it and support my post with your LIKES if you think it's useful. Thanks Note: It will be good to always understand risk involve in trading. Always trade with stop Loss in place. Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Long
by weslad
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