ICXUSDT Rectangle Inside a Downtrend As you can see, a bearish rectangle is being formed supported but a major support line (white bottom line),
I am expecting a quick drop within the next few days if the market manages to break through it previous support line between 0.3200 - 0.3150.
If the market does go below that, we well be looking pretty bullish for a pair of days until we hit our Downtrend Resistance line at the top, from there it could go either way, if we do breakthrough to the upside, we could be looking at achieving our next support line at around 0.400.
Please share your thoughts below, I hope to have given you a clear view of what I think it may happen within next few days in my eyes.
ICXUSDT trade ideas
ICON Will be OursI would never short a pair bursting out like this,
But I can sit on my hands,
I wait for the damn thing to come to me.
Most of the time they wont come, but when it does i feel money running on my veins.
I'm bidding 4 areas
Green box's gona breed green papers for me
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The Color Map of The Chart
Red = (M)onthly
Yellow = (w)eekly
White = (D)aily
Green = 4H
Blue = 1H
Rainbows = Mins
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ICX reversal and continuation of trend?ICX 4 hr Chart you cannot help but start noticing some confluence. ICX has pulled back to the 61.8% FIB, which is also the 200 Day EMA meets the fib. The Money flow index and the RSI are both showing a bottom has formed.
Price targets are indicated in blue (Targets are taken using fib extension combined with previous resistance and price action.
Buys are in red (buys taken using fib retracement and prior support levels)
is target 3 still possible?
as I already mentioned in the chart of 8 February ...
we go to target 2 (yellow) but we hit first target 1 (white)
the question is now, are we going to target 3 (yellow) .... I think so .... is already under ema 100 and MACD does not look bullish either
i think we go first to 0.395, before we see the downside!