ICON / BitcoinUpdated ICXBTC idea retrace buy zone
ICX just reached feb 26th's high, 4H RSI and stochrsi indicators are both overbought, rising wedge, MACD 4H about to cross and go down
a lot of new for ICX, but needs to retrace. 2 potential buy zones that I can see:
20 / 200 EMA zone, which is also 0.382 fib retracement level --> 0.0003489
50 / 100 EMA zone, which is also 0.618 fib retracement level --> 0.0003000
what do you think?
a lot of new for ICX, but needs to retrace. 2 potential buy zones that I can see:
20 / 200 EMA zone, which is also 0.382 fib retracement level --> 0.0003489
50 / 100 EMA zone, which is also 0.618 fib retracement level --> 0.0003000
what do you think?
Note
BTC is retracing, and so ICX broke the wedge to the downside, as expected. Let see where this goes, I will wait for BTC to stabilize before rushing in, BTC's movements in the next few days will tell us if 1st or 2nd buy zoneNote
right on target, hit the 618 fib retracement and doesnt look like it will go lower:- daily MACD about to cross
- bounced on RSI 40 level
- Daily TD sequential looking positive
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