Long
Iconomi - Possible bullish run
This idea is based on the following factors:
- Index: in 4h and daily chart MACD follow and is protected by the bullish divergence similar for all the market (green line), Directional movement is in bullish development, RSI still have good margin to grow,
- trend: at the same level price I expect the trend is assuming similar impulse like in the past (see highlighted elliptical region).
- Fundamental: during this week
--> from Tweetter channel (twitter.com/iconominet): the platform launch Android App, new communication Chat channel will be launched end of this week, big meeting with management is ongoing in Vienna,
--> January monthly update is going to be posted today (twitter.com/iconominet/status/960982347242967040)
This idea could be enforced according to the results of the market situation:
All the market, particularly bitcoin trend seems more stable and today a 9 a.m (GMT-5) there will be the "State of the CFTC: Examining Pending Rules, Cryptocurrency Regulation, and Cross-Border Agreements" that should be monitored since it could give some more impulse to the market. (agriculture.senate.gov/hearings/state-of-the-cftc-examining-pending-rules-cryptocurrency-regulation-and-cross-border-agreements).
- Index: in 4h and daily chart MACD follow and is protected by the bullish divergence similar for all the market (green line), Directional movement is in bullish development, RSI still have good margin to grow,
- trend: at the same level price I expect the trend is assuming similar impulse like in the past (see highlighted elliptical region).
- Fundamental: during this week
--> from Tweetter channel (twitter.com/iconominet): the platform launch Android App, new communication Chat channel will be launched end of this week, big meeting with management is ongoing in Vienna,
--> January monthly update is going to be posted today (twitter.com/iconominet/status/960982347242967040)
This idea could be enforced according to the results of the market situation:
All the market, particularly bitcoin trend seems more stable and today a 9 a.m (GMT-5) there will be the "State of the CFTC: Examining Pending Rules, Cryptocurrency Regulation, and Cross-Border Agreements" that should be monitored since it could give some more impulse to the market. (agriculture.senate.gov/hearings/state-of-the-cftc-examining-pending-rules-cryptocurrency-regulation-and-cross-border-agreements).
Trade active
Monthly update published:--> medium.com/iconominet/2018-monthly-update-i-d5921e7fb64a
Trade active
After last call the rise was not confirmed and the bearish flag trend prevailed but now it seems the rising trend called is following the ellipse..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.