ICON, ICX/BTC is Breaking Out!
ICON, the Korean Etherium ranked #23 at of this writing is a strong and popular coin with good team and fundamentals so you really can't go wrong with this coin.
Even better is that by the end of this month ICON is expected to launch their ICO Platform and IISS. This is a big milestone in their roadmap so this should bring some good hype and action!
Now let's take a look at the chart.
Chartwise, ICON looks very promising as well cause currently ICX/BTC is breaking out of both a Cup & Handle and a Bull Flag Pattern.
Also, the resistance level at 0.0003600 has been taken out again which held as good support after it dipped so signs are looking good for another leg upward.
Indicators are all pointing upwards and enough room for further growth. The only thing that is lacking a bit is volume so that needs to go up as well to ICX/BTC continues the upward trend.
So if you're looking to enter a swing trade, then look no further cause ICX/BTC is ready to take off!
Levels to take a look at.
Buy Area:
0.0003600 - 0.0003750
Profit Target:
1. 0.0003948
2. 0.0004283
3. 0.0004676
Keep in mind that you can take profits at any time when you feel comfortable with or want to secure your profits. You don't have to wait for a target to be reached in order to sell.
Stop Loss:
0.0003497
Note: This is a tight stop. You can use a larget stop or no stop at all if you believe in this coin for the mid-long term. You can just ride it out and don't have to worry to get stopped out and miss the swing.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it! This is for good karma :)
And until next time, good luck with your trading!
Even better is that by the end of this month ICON is expected to launch their ICO Platform and IISS. This is a big milestone in their roadmap so this should bring some good hype and action!
Now let's take a look at the chart.
Chartwise, ICON looks very promising as well cause currently ICX/BTC is breaking out of both a Cup & Handle and a Bull Flag Pattern.
Also, the resistance level at 0.0003600 has been taken out again which held as good support after it dipped so signs are looking good for another leg upward.
Indicators are all pointing upwards and enough room for further growth. The only thing that is lacking a bit is volume so that needs to go up as well to ICX/BTC continues the upward trend.
So if you're looking to enter a swing trade, then look no further cause ICX/BTC is ready to take off!
Levels to take a look at.
Buy Area:
0.0003600 - 0.0003750
Profit Target:
1. 0.0003948
2. 0.0004283
3. 0.0004676
Keep in mind that you can take profits at any time when you feel comfortable with or want to secure your profits. You don't have to wait for a target to be reached in order to sell.
Stop Loss:
0.0003497
Note: This is a tight stop. You can use a larget stop or no stop at all if you believe in this coin for the mid-long term. You can just ride it out and don't have to worry to get stopped out and miss the swing.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it! This is for good karma :)
And until next time, good luck with your trading!
Trade active
First target reached on wednesday april 18. Congrats to those who took the trade! And if you haven't already, you should have taken some profits. If not, you can still do it. This way you've locked in some good gains, lower your risk and wait more patiently for more profits to come.
Looks like ICX is setting itself up for another leg up so just wait and see.
Trade active
ICX still going strong and heading for the next/3rd target. If the market condition stays good and with the upcoming launch of their ICO Platform and IIS, ICX could "easily" move beyond the 3rd target. So if you have the patience or already taken profits, then you can sit back and enjoy the ride for more.
Good luck and happy trading!
Trade active
3rd target reached today and congrats to those who took the trade! Although all 3 targets have been reached, I think we still have a lot more potential for this coin, especially if the market stays bullish and healthy/positive.
Great coin with good team and fundamentals and with their ICO platform it's a coin for the future! As the market grows and progresses, ICX with definitely profit from it as well. So don't hesitate to rebuy if you believe in this coin and it's potential.
Until next time good luck and happy trading!
Trade closed: target reached
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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.
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.