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ICXBTC

ICX forming a Cup & Handle, might be a good mid term trade.ICX/BTC is currently consolidating on top of old resistance from 760-790 confirming the S/R (support and resistance) flip. We also have the 200 day moving average in Red acting as support right within this S/R flipped zone. In the broader picture, we can see ICX/BTC is forming what appears to be a cup and handle formation, and we are toward the bottom of the handle as it sits right now. Overall, this might be a slower moving trade, but so long as we hold above the 200 day moving average and continue holding this S/R flipped zone, this entry may end up being pretty solid for a mid term hold. Targets will be aimed at mid term levels. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer feeless cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are feeling generous! :) Moving average guide (All daily for this post): 50 day MA in Green. 100 day MA in Yellow. 200 day MA in Red. Entry: 760-820 Target 1: 975 (Previous top) Target 2: 1100 (Previous resistance zone.) Target 3: 1250 (Previous consolidation area.) Target 4: 1375 (Previous resistance zone.) SL: 725-750 depending on your goal and risk level. Robinhood crypto article: support.robinhood.com -This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Long
by Deftsuo
ICX - 38% Since My Post (Update)Icon has made a nice push up towards two of my target zones since my first post (a price increase of around 38% from the time of my post to the recent top). It has since cooled off a bit and has been consolidating. I also made a video about shakeout tactics (linked below) which explains how whales accumulate before the ultimate breakout. This is something you can use to your advantage as well, if you like swing trading. As for current price action, we could see a bigger pullback here in order to take on that 990-1000 resistance. As mentioned in my other post, my ultimate target was in the 1400-1500 area for ICX, which is an 100% profit gain from my original setup. Time will tell if we can make it there. Right now, ICX seems like it might need to cool off further (RSI overheated, and the Ultimate Oscillator is showing that we may be near a top on the weekly): However, if we do get back above 900 with some volume, we can attempt to break that resistance. I think we may need a deeper pullback first though, judging by the indicators mentioned above. We currently have support at or near the red lines on my chart. This is not financial advice. Just an update on a chart I've been watching, and where I'm seeing this potentially going. -Victor Cobra
by VictorCobra