ICX possible short term trade.
Volume is increasing, bull flag forming, RSI is falling
Look for RSI to drop further on consolidation with MACD as the wedge tightens.
If wedge continues to tighten, and RSI below 50 & breakout from wedge starts with increased volume,
consider entering trade /w stop loss @ 945
If bitcoin starts to decline, exit position.
Look for RSI to drop further on consolidation with MACD as the wedge tightens.
If wedge continues to tighten, and RSI below 50 & breakout from wedge starts with increased volume,
consider entering trade /w stop loss @ 945
If bitcoin starts to decline, exit position.
Note
Looks like its setting up, minor breakout from wedge, but not enough volume yet.Note
And here's the volume spike <3Note
Exited trade at 8080, My entry was 7616Note
Edit** last comment was wrong chart :D
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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.