ICX has seen a huge sell off form all time highs, but with a looming cloud and multiple bullish divergences, there is a possibility of a real solid play if all alts decide to cooperate and get their shit together.
This bullish pennant that has been printed is coming to its end and a decision about trend direction will be made in the coming days. I would like to see support from the annual trend line, along with the possibility of a bounce from a small hidden bullish divergence.
On the BTC/USD 4 Hour, the price is once again testing this long term upper resistance since the fall from $20,000. There is significant bear pressure, but with each retrace down the bulls are getting stronger. What we need now is volume to give us enough gas to close above the resistance.
The 4 Hour cloud is holding strong for now, acting as tertiary support....
Went with the broadening wedge perspective here. Take a look at the outcomes, both bullish and bearish continuation possibilities shown. Interesting spot also factoring in the airdrop in a week. Close, close, close eyes.
On the 6 Hour XBT/USD, we can see the price begin to test the resistance of the 50 and 200 EMA. We are currently range-bound between $10,000 and $12,000, an area of copious uncertainty, with a history of determining breakouts or fallouts.
The price is still holding true above the cloud support after the Kumo Twist was printed. Sideways action seems to be the...
50EMa crossing above the 200EMA. Last time this happened was back at $4,000 to initiate the run to $20,000. Combine this with the Kumo Twist, great volume, and old resistance turned support, we are looking extremely bullish.
On the BTC/USD 4 Hour chart, we are seeing an upward breakout that is testing multiple significant resistance levels. These resistance levels include the 0.382 Fib resistance level,
A natural Fib trend line resistance level, and also clear $11,250 horizontal price resistance. For a true bullish reversal signal, a close above $11,250 and the .382 Fib is ideal.
On...
