ICXBTC uptrend channel
ICXBTC now is situated into an uptrend channel and just broked the falling wedge. In this 1D timeframe we have a bullish setup because:
-We have the first buy candle at MACD(momentum)
-RSI is situated above 50
-Stochastic rising and soon will hit the overbought zone
GOLDEN CROSS coming soon!!!!
Targets for midterm: 0.0000986 ; 0.0001100 ; 0.0001369
ICXBTC trade ideas
ICXBTCICXBTC update
Entonnoir : W/D/H4 (swing)
J'ai pris position sur ICX ce matin sur une sortie de compression M30 qui avait cassé au-dessus de mes 3 niveaux H4, D et W. La sortie s'est avérée timide mais je suis assez optimiste pour la suite puisque nous sommes au début du mouvement daily (découpage jaune).
SL à 772.
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Funnel : W/D/H4 (swing)
I went long this morning on this compression breakout on M30 that broke my 3 levels on H4, D and W. The breakout is not very clean but I'm pretty optimistic for what's next as we are at the beginning of the daily cycle (yellow drawing).
SL set to 772.
$ICX Looking good... Breaking from the bullflag, C&H in play!?$ICX Looking good, Breaking from the bullflag that charted some days ago
Also a potential Cup & Handle in play
UCTS buy signal on the 1D (33%+ in profit)
Volume at good levels
MACD about to bullcross, RSI rising
Above EMA50/100
Several Bull divs
Targets on chart.
#ICX
ICX LONGSalvo el RSI diario, me gusta bastante el set up
S/R flip aguantando (encima de zona gris) en el diario, falta una vela para confirmar en el semanal...
MACDh 1D girando
S.RSI 1D con espacio para subir
SMA 200 1D Actuando como soporte adicional
Vol +
Adicionalmente, veo que puede formarse una taza y mango (patron reversal)
En menor TF, consolidando falling wedge luego de break out.
ICX forming a Cup & Handle, might be a good mid term trade.ICX/BTC is currently consolidating on top of old resistance from 760-790 confirming the S/R (support and resistance) flip. We also have the 200 day moving average in Red acting as support right within this S/R flipped zone. In the broader picture, we can see ICX/BTC is forming what appears to be a cup and handle formation, and we are toward the bottom of the handle as it sits right now. Overall, this might be a slower moving trade, but so long as we hold above the 200 day moving average and continue holding this S/R flipped zone, this entry may end up being pretty solid for a mid term hold. Targets will be aimed at mid term levels. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer feeless cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are feeling generous! :)
Moving average guide (All daily for this post):
50 day MA in Green.
100 day MA in Yellow.
200 day MA in Red.
Entry: 760-820
Target 1: 975 (Previous top)
Target 2: 1100 (Previous resistance zone.)
Target 3: 1250 (Previous consolidation area.)
Target 4: 1375 (Previous resistance zone.)
SL: 725-750 depending on your goal and risk level.
Robinhood crypto article: support.robinhood.com
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.