ICXBTC trade ideas
ICX/BTC MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
ICX Cup & handle can we break the strong resistance of 3550sats?Can ICX break the big resisatnce at 3550sats to make this cup and handle actual? On a green 3 of the sell setup according to tdsequential. Looking for a buy opportunity on a candle closing above 3550sats. 1st Target 3750sats. Lets see if we get there!
Icxbtc Bulish Flag formationHey guys
IcxBtc break out from downtrend channel and been ranging for a while in the bullish flag formation, the setup really worth to look at.
Kindly go through the chart and do leave us your comments to let us know how you feel about our view,
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Double Bottoms going to form; BUY OPPORTUNITYA clear double bottom going to form on 1H chart of ICXBTC
As you can see on the chart, Bottoms are on 3666 area which is bottom of ascending channel as well, so that area is a strong support.
Neckline is on 3740 area, first and short term target is 3818 but ICX has a good potential to rise up to top of its ascending channel in mid term.
So dont miss this good buy opportunity and grab some ICX.
please hit the like to support this idea
$ICX / $BTC : Putting in a possible higher low on the monthly. Some alts are starting to look good in the cryptocurrency market at the moment.
ICX is:
-Bouncing off the 0.382 fib
-Bouncing off a orderblock
-If this bounce continues it will be a higher low
-Bullish retesting off two downtrend resistance lines (see comments for more detail)
-RSI is above 50 and looks like its bouncing (see comments for more detail)
-Possibly bullish retesting off a flag pattern
-Crossing above 18 day MA on some timeframes
Grey areas are orderblocks, once price clears a orderblock and it claims it as support/resistance expect it to head to the next one.
A close under 3000 is dangerous, and can invalidate the idea in the short term because we have formed quite a strong support there.
ICX/BTC BREAKOUT? [ASCENDING TRIANGLE + FALLING WEDGE] On LTF, we see that it broke out of and retested the ascending triangle it was painting.
The measured move for this is not large, about 10%, however breaking out of the more dominant falling wedge is significant.
If it decides that it wants to break out it should go much higher than 4.1k sats, at the very least retest the top at 6k.
We will need to be patient and see if they want to send it. Books look somewhat thin.
Pennant / Flagpole pattern on ICXBTCAn earlier analysis by someone else saw this as a triple top but it has evolved into a flagpole pattern
The market sees the pattern as bullish because it has higher lows
I dont know how many times it will bounce around in the flag section. It will often keep on tightening up until it runs out of space in the triangle and then breaks out
Stock pattern theory will tell you that a breakout from this pattern can often go up to a similar height of the initial flagpole. However I dont put a lot of faith in that theory, Instead, I mainly use this pattern to identify a potential breakout rather than using it to tell me how high it will go.
There are a few ways to trade this pattern.
1) Wait for the breakout then buy in
2) If you are confident in the coin you can take a larger risk and buy when it is near the bottom of the triangle.
3) Make some short term money by trading the swings within the triangle. I will often do this while using the symbol depth chart or order book to see how much support and resistence there is near the triangle edges
There always has to be a downside. If the pattern breaks down, it can drop hard often to the bottom of the lowest point of the triangle. If that happens, the pattern will often morph into a different pattern so I will reevaluate at that time
Trade safely. Dont put all your eggs in one basket
For more info on this pattern see ...
www.investopedia.com