Icon $ICX | Diamond pattern...Bullish or bearish? | 5/13
http://www.yourfxguide.com/2014/04/trading-forex-with-bullish-diamond.html#.WvhspIgvzIU
http://www.profitf.com/articles/forex-education/diamond-chart-pattern/
If you're unfamiliar with the diamond trading patterns, the two links above will give a basic understanding of my idea of where ICX is going.
https://www.tradingview.com/chart/ICXBTC/PWvcX9E3-Icon-ICX-Cup-Handle-Formation-5-6/
If you'd like to see last weeks chart/trade idea, we we're looking at the possible cup and handle formation. (click the image/link above)
Now I see Icon playing out a possible bullish diamond formation. With the Consensus conference beginning tomorrow (5/14-5/16), we could see a nice run to Target 1 here. However, if BTC continues to tank I think we drop down into our blue and red support zones.
Target 1 = 53-55k sats
http://www.profitf.com/articles/forex-education/diamond-chart-pattern/
If you're unfamiliar with the diamond trading patterns, the two links above will give a basic understanding of my idea of where ICX is going.
https://www.tradingview.com/chart/ICXBTC/PWvcX9E3-Icon-ICX-Cup-Handle-Formation-5-6/
If you'd like to see last weeks chart/trade idea, we we're looking at the possible cup and handle formation. (click the image/link above)
Now I see Icon playing out a possible bullish diamond formation. With the Consensus conference beginning tomorrow (5/14-5/16), we could see a nice run to Target 1 here. However, if BTC continues to tank I think we drop down into our blue and red support zones.
Target 1 = 53-55k sats
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