ICXBTC trade ideas
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
ICX double bottom or inverse head and shoulder with sloping neckI will hold for break through the ishi cloud or hold to the bounce on previous support 825. In case 825 it could create a double bottom with new outlook.
If it breaks the support i will trigger stop loss
As ICX and Wan moves often in pairs, i see that WAN is at a good spot atm being above a long term resistance/support line forming a bullish penant.
Also Aion finds itself at positive outlook above a strong supportline in case a pullback would occur it wouldnt fall deep.
This atm more clear outlook on Wan & Aion compared to ICX tends me to take more risk in icx.
Feel free to give feedback on my view
ICX LOOK SO GOODHey guys, ICX look really good when the maintance done the market is starting to pump and this coin so cool that jump quickly
now look like it will start to claim more
take some of the ICX and wait till the break to the moon or to the ground
if that chart break the resist buy some more but if it break the support just leave it! target on the chart
ICX LOOK GOODHey guys, ICX look really good when the maintance done the market is starting to pump and this coin so cool that jump quickly
now look like it will start to claim more
take some of the ICX and wait till the break to the moon or to the ground
if that chart break the resist buy some more but if it break the support just leave it!
ICXBTC: DailyLooking at entries, I like 527 area for some bag filling, may never happen but lack of volume + further falling RSI mean could be possible. But if not, I think the next resistance is 1404, if this happens soon and it hold I don't see why there can't be any mooning in the near future if this volume starts to build.
ICXBTCICXBTC update
Entonnoir : W/D/H4 (swing)
Pas de rebond sur les ~875 aka le haut du range weekly (blanc) mais plutôt sur les ~820 qui correspondent exactement au niveau du dernier sommet weekly (entouré rose). C'est une bonne chose car si on allait plus bas, on repartais sur un biais baissier.
Le daily n'ayant pas encore cassé son dernier sommet, il est risqué de rentrer maintenant à l'achat.
Mais vu que je joue le rebond sur les ~820 je vais faire du contre-tendance et me placer à l'achat si on cloture en H4 au-dessus de ma zone de S/R des ~930.
Dans ce cas là, SL large à ~687 en-dessous du dernier creux daily et weekly.
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Funnel : W/D/H4 (swing)
No throwback on the ~875 level aka the higher part of the weekly range (white) but instead, the price has rebounded exactly on the level our the last weekly top (pink circle). It is a pretty good thing because if we had been lower, it would have changed our bias.
It is no safe to enter the market yet as the price hasn't broken the last daily top.
But I've chosen to go against the trend and to play the rebound so I will enter long if the candle on H4 closes above my zone of S/R at ~930.
SL would be then set at ~687, right under both my last daily and weekly bottoms.
Good time to buy on a pullback before next leg upThe past few days have seen ICX go on a tear. Today we have seen ICX drop from around 988 sats to the sub 900 range. It could potentially reach the 8 or 13 day moving average (in a wick) before moving back up based on previous price action. I am buying this retracement. Stop loss is set below 13 day moving average on the daily.
Good luck!
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ICXBTCICXBTC update
Entonnoir : W/D/H4 (swing)
Pas de throwback pour le moment, mais une 5eme impulsion H4.
La tendance a plus que bien vecu et vu qu'on est sous le niveau psychologique des ~1000, j'ai prefere TP 90% de ma position sur objectif a 970.
J'ai encore 10% dans le game avec un SL a 950. Dans tous les cas, je sortirai gagnant de ce trade.
Je vais attendre la prochaine sortie de compression H4 avec une cloture au-dessus des ~1000 avant de re-rentrer a l'achat ou bien un throwback sur les ~875.
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Funnel : W/D/H4 (swing)
No throwback yet but instead, we had a 5th impulse wave on H4.
The fact that cycle on H4 is now quite old and that we are just under the psychologic level of ~1000, I have TP 90% of my position at 970 and set a SL of the remaining 10% at 950.
In any case, I'm now in profit on this trade whatever happens.
Now, I'll wait the next breakout from a compression on H4 to enter long again. Or a throwback on the ~875 level.