Long
ICONOMI - Long time uptrend incoming, breakout downtrend line
This idea is based also on MACD, RSI, StochRSI, and Directional Movement that seem to indicate the uptrend both in daily chart and in weekly chart. ICN is about to breakout the downtrend line.
Better confirmation above 1,9$.
I see as possible target: T1 at 2,7$ T2 at 3.3$ and T3 at 4.7$ for the moment. Furthermore let's monitor also if as I believe a certain cup and handle powerful trend is forming (to see it just zoom-out the daily chart).
In case this coin fall 1,2$ could be set as new buy point.
Better confirmation above 1,9$.
I see as possible target: T1 at 2,7$ T2 at 3.3$ and T3 at 4.7$ for the moment. Furthermore let's monitor also if as I believe a certain cup and handle powerful trend is forming (to see it just zoom-out the daily chart).
In case this coin fall 1,2$ could be set as new buy point.
Trade active
T1 reachedI see formation of cup & handle trend and in my opinion this coin could cross even 6$ on the middle term.
Trade active
Today there should be the December Reddit AMA session--> reddit.com/r/ICONOMI/comments/7kl4tr/iconomi_december_2017_reddit_ama/
Useful to understand better this coin.
Trade active
After general correction of all the market here is my view aligned with the previous ones. 4h and weekly chart index have good shape, both MACD and StochRSI looks promising. Trade active
Trade active
Cup and Handle, Reverse Head and Shoulder, good signals. If Bitcoin remain enough stable this wave could be the right one to cross the down trend line definitely. Stay ready!Trade active
Road-map for 2018 published. Fiat ramp-up for end users, Direct purchase of individual digital assets!--> medium.com/iconominet/iconomi-in-2018-e9d01ee5159e
Trade active
I suggest to read carefully this posts to understand the potential of ICN traced by the planned roadmap:--> busy.org/cryptocurrency/@owenoneilluk/iconomi-2018-whats-on-the-horizon
-->busy.org/life/@thisisbenbrick/5-things-i-m-looking-forward-to-from-iconomi-in-2018
Trade closed: target reached
Target 2 reachedTrade closed: target reached
Target 3 reachedGood trade from about 1,7 up to 4,3
Trade active
In my opinion there is still margin according to weekly, daily and 4h charts to grow up to 4.7 and after to 6.Trade closed: target reached
target 3 - 4,7 reachedTrade active
In the daily chart RSI is around 75 and historically could grow up to 90 causing important grow (once in the past even x3 change in price from 2 to 6 that in our case would mean from 4 to 12! Now a value around 6 look more likely but in my opinion we are still o the run for higher value.Trade active
After general ALTCOIN downtrend ICN is now bouncing back to higher value. Weekly, Daily chart still impressive. Below the 2h chart with possible start of the inversion.dwq4do82y8xi7.cloudfront.net/x/3BhL34Mf/
Trade active
I have just the time to show here below the updated situation. According my view a big rise is ongoing...Trade active
Extracted from Reddit ask me everything January session:
You made a great prevision for the 200 millions AUM (asset under management) end 2017, well played !
What is your prevision for end 2018 ?
For 2018 we envision settled regulation, the definition of digital assets as a new asset class, and more support from major players in traditional finance. We do not yet have an exact number but expect to have AUM in the billions by the end of the year, with the number of DAAs on the platform reaching triple digits.
[Unquote]
Impressive increase forecast that give an idea of the potential of this coin.
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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.