Get started

Iconusd

ICON (ICX) How far can this rally go?BTC tanks to 8500 while ICX pumps to 4800 from 3900 satoshis. What happened? Ever since the RSI has dropped below 40, we have seen a decline, but that does not mean ICX cannot rally back to previous levels. Likely Cause: -The ICONest Webpage Launch was today -Strong bounce from big support level Buy In: 4500 satoshi range Price targets: 4737-4800 satoshi range 5200 satoshi range (unlikely) Stop Loss (Highly recommended) 4498 satoshi level This rally can continue if volume keeps climbing. ICX holding past 4700 is going to be quite difficult. If it plateaus or we see bearish divergence, I believe selling out is the right move. This trade is very risky and I highly recommend the stop loss. I started posting this idea when ICX was 4500, and in around 10 minutes it rallied to 4600. Pretty crazy. If you have any comments, please leave them below. Thanks for viewing and good luck in your future trades.
Long
by HD1184K
4
ICON (ICX) Quick bounce up looks likelyHey everyone! After a 10.91% correction from its highs, another bounce looks likely for ICON as it is once again trading around support. This trade could fall through so I recommend considering a stop loss somewhere under the support zone. Trade Signals: -ICX hovering around 4700 satoshi's, which has been shown to be our current support level on the 4 hour chart. -RSI is not falling below 40, and frequently hits 70, meaning we are still in an uptrend. If the RSI drops below 30 and is unable to hit 70, it may signal the start of a short-term downtrend. -The Stoch RSI, which identifies short-term trends, is below 0.2, indicating ICX is currently oversold. -We are still in an altcoin cycle, and people are still very bullish. Not to mention coins are once again reaching all-time highs. How to trade: Buy in: - 4600-4700 satoshi range. Targets: 5000-5100 satoshi range, where ICX was rejected twice. 5700-6000 satoshi range, which has shown to be resistance months before. Stop Loss (If you decide to use one to reduce risk): -Somewhere under 4700, but I believe the chance of getting whipsawed is very high. Thanks for viewing! If you have any thoughts, please take the time to write them down. It's how I ultimately improve my TA. On a side note, do you believe Asia is currently doing most the selling in this market?
Long
by HD1184K
ICON Trading Opportunity ICON showing signs of strength again after 36% correction from Bitthumb pump Signals: ICX having a hard time breaking through 3375 resistance, which is the 0.382 fib level RSI: Very strong. In crypto we know the RSI is very accurate at predicting short term price drops, and this one is approaching the overbought zone on the 4 hour. However, a very strong RSI can also be a good thing if volume can match. Bitcoin dominance on a decline again, we can safely assume alt season is likely here How to trade: Safe: Buy in at 3400 sat level after convincing volume allowing it to fully break out of the 0.236 resistance Sell points: 0.618 fib level, where previous resistance was Risky: Buy in at 3400 sat level after convincing breakout. Sell points: 4115 sat level If you don't agree, please leave the reason in the comments. I will read and consider all your comments and use them in my next TA's.
Long
by HD1184K