I am seeing many signals that point to a breakout for ICON (ICXBTC), which can be traded on Binance.
Let's take a quick look at those:
Note: A break of the 0.0000561 support level would invalidate the above signals.
The first strong resistance will be found at 0.0000716 or 0.0000868 (MA99) if it breaks-up with good momentum.
Weekly chart:
Thanks a lot for reading.
Please hit like for more free analysis that can help you make better decisions when you trade.
Namaste.
Let's take a quick look at those:
- ICXBTC has now broken free of a long downtrend.
- Price hit Dec '17 low followed by a strong increase in trading volume. An increase in trading volume is indicative of an upcoming breakout.
- Price is now trading above EMA10.
- Bullish divergence on the MACD and RSI.
- These are enough signals... ICXBTC is about to move up.
Note: A break of the 0.0000561 support level would invalidate the above signals.
The first strong resistance will be found at 0.0000716 or 0.0000868 (MA99) if it breaks-up with good momentum.
Weekly chart:
Thanks a lot for reading.
Please hit like for more free analysis that can help you make better decisions when you trade.
Namaste.
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
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Related publications
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.