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ICXBTC trade ideas

Volume Climax| Key Levels| Need Bull Volume Follow through!Hello Traders!, Welcome back! Today’s chart update will be on ICX, bulls have got very critical levels to break to maintain a bullish bias… Points to consider, - Price testing resistance - Rejection from major trend line - RSI coming into resistance - EMA’s holding price as support - Volume climax ICX is trying to maintain a bullish projection but there is not enough follow through from the bulls. Price harshly got rejected from trend line resistance, signalling strong sell pressure, a return to local support line is more probable. The stochastics is currently in the lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside. RSI is coming into its apex, meaning a break is imminent, the direction of the break will dictate the direction of ICX. The EMA’s are currently holding price as support, this must stay true for the bullish bias as price tests critical levels. The recent volume climax signals that there are a lot of sellers at upper trend line resistance. Overall, in my opinion, ICX is more probable to return back to the local trend line as bull volume has not followed through. This will cool of all indicators such as the RSI before ICX has another attempt at breaking current resistance. What are your thoughts on ICX, can it maintain a bullish bias? Please leave a like and comment And remember, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.” – Jesse Livermore
by The_Alchemist_Trader_
3
LONG - ICX - Trading OpportunityWeekly bullish divergence. Alts looking strong while bitcoin keeps melting away. Entry: 0.00001915 Target 1: 0.00002117 Target 2: 0.00002417 Target 2: 0.00002732 SL: 0.00001803 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Long
by ElMomento