ICX long - upwards channelSome potential with the new upwards trending channel, which broke out from the descending channel after the 47k sat high. Buy the bottom of this channel, sell the top (or around 31500-32000 depending on the order book) and rebuy the bottom for accumulation. Stop loss around 28400 sats or if the channel breaks decisively. An upwards breakout from the channel might lead to price movements to 34-37k sats or higher. Still in an overall downtrend from the January ATH as identified by MagicPoopCannon, would need to get to 45k or so to break out. In terms of fundamental analysis, ICX missed their Q1 goals of a mobile wallet and token swap, so we can assume those are probably coming this month, and will certainly cause a pump.
Icxbtcbuy
ICX Forecast. First Chart and Publish, LT HODLHello.
I think ICX is rebounding right now.
I watched my friend literally buy the dip, golden cross.
Its exciting!
ICX is such a good platform, has such good developers, and partnerships.
Great product.
Good investment.
3-4x from now until previous ATH?
Yes, Please.
This is my attempt at drawing some trend lines, support lines, drawing a channel for ICX next "cycle", in which we can count elliot waves, and I decided to draw some rough diagonal lines from our beginning last year through common support or trend lines. I can see our bottom on this cycle has moved up, so hopefully our top will move up on this next bull run too. I put a green box on top to emphasis where a lot of past price action was at so that people can take profits at their targets in that range, or wherever they see fit. I am bullish on ICX, and I think that it is a great investment in technology of the future.
I really like watching ICX on 4h because it is a younger chart and I am thinking long term. If we zoom out to the 1d, 1w, 1m intervals I think this chart shows ICX straight up moon shotting, hehehe.
Cheers y'all.
Happy investing.
This isn't financial advice, just my first chart attempt to see what people think. I would love to hear your feedback, positive or negative. Can we draw a fibonacci chart on top of this, and would it meet up with the green diagonal lines that I made?
I enjoy using MACD and RSI as indicators. Also, a bit of bollinger bands. What are your favorite indicators, and why? How do you draw fibonacci these charts?