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!!
ICON
ICON: MARKET RECOVERY = 25.85% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 25.85% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 18: Crush Crypto (a cryptocurrency analysis site) identifies Icon (ICX) as a Crusher of the Month.
April 19: Deblock project announcement where Icon Foundation will work with a marketing company called AD4th (which digital advertising agency. Deblock function as a business incubator, which will assist blockchain projects to launch on the ICON platform by providing funding for the development of their blockchain related applications.
April 23: News articles with speculation that South Korea will remove their initial ban of ICOs.
April 27: News from Bloomberg publicises Pantera Capital Management LP recommendation ($1 billion cryptocurrency hedge fund) that ICON (ICX) is a "screaming buy".
Analysis suggests that increased interest as a result of the Bloomberg article has generated interest and trading volume in ICON (ICX).
ICON CRYPTOI am super bullish on cryptocurrencies right now, lets see what happends. Just bought a bunch of ICON today.
ICON: BULL RUN LESS THAN 24 HOURS = 14.22% PROFIT!!!Our "Crypto Scalper" Trade Signal has correctly identified a buy in point on the 23nd of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 14.22% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
1. April 19: Deblock project announcement where Icon Foundation will work with a marketing company called AD4th (which digital advertising agency. Deblock function as a business incubator, which will assist blockchain projects to launch on the ICON platform by providing funding/
2. April 23: News articles with speculation that South Korea will remove their initial ban of ICOs.
It has been noted that 44.76% of all trading volume for today is coming from Korean Exchanges.
Analysis using the Crypto Bull/Bear Signal suggests the move may be in line with an increase in buying activity as a result of this news.
ICON at Strong Resistance |Can it Break Through 15% Gain? ICXBTCICON is one of the strongest decentralized platform projects, supported by the South Korean government and have good news at the end of this week.
ICX - Upcoming Events
30 April 2018
ICO Platform and IISS launch
Validation: 853/903
30 June 2018
ICX/ETH Decentralized exchange
Validation: 546/570
Now lets look at the technical analysis;
48.3k satoshi is a strong resistance point supported by historical ATH. If a breakout with good volume comes into play, we can see 57k satohsi values.
Enter the trade after you see the aforementioned breakout!
Disclaimer: This is not a financial advice
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