ICON / BitcoinLong
ICX Launching Out of a Cup and Handle!
ICX is in Wave 3 right now and has also formed what looks like a Cup and Handle formation. With it's ICO -14.29% Platform launching on the 30th I expect great things to come. We made over 10% gains today alone and I see much more to come!
Wave 2 retraced to the 0.786 Fibonacci Retracement Level and completed a round bottom which I am now calling a cup and handle . Wave 3 is targeting the 1.618 Fibonacci Extension followed by a high probability Retracement to between the 0.382 and 0.5 Fibonacci zones for Wave 4 to follow the Rule of alternation in corrective patterns.
This is a great coin with strong fundamentals and the technicals look strong as well.
Target for top of Wave 3 is 0.0006900 BTC
Bottom of Wave 4 between 0.0005400 and 0.0004800 BTC
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
Wave 2 retraced to the 0.786 Fibonacci Retracement Level and completed a round bottom which I am now calling a cup and handle . Wave 3 is targeting the 1.618 Fibonacci Extension followed by a high probability Retracement to between the 0.382 and 0.5 Fibonacci zones for Wave 4 to follow the Rule of alternation in corrective patterns.
This is a great coin with strong fundamentals and the technicals look strong as well.
Target for top of Wave 3 is 0.0006900 BTC
Bottom of Wave 4 between 0.0005400 and 0.0004800 BTC
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
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