ICN/BTC is giving me good but not great signals.
Bullish signs
WaveTrend Oscillator had a dip and could start to go up.
Increased Accumulation using the Weis Volume Wave with decreased selling suggests traders could be holding till price spikes up
MACD appearing to start to crossover albeit the last 4h candle has it pointing slightly downwards.
Conclusion
Watch for breakout of the 0.382 fib level. If it holds strong, expect price to go up to 40k sats.
Keep an eye out!
Bullish signs
WaveTrend Oscillator had a dip and could start to go up.
Increased Accumulation using the Weis Volume Wave with decreased selling suggests traders could be holding till price spikes up
MACD appearing to start to crossover albeit the last 4h candle has it pointing slightly downwards.
Conclusion
Watch for breakout of the 0.382 fib level. If it holds strong, expect price to go up to 40k sats.
Keep an eye out!
Comment:
ICN testing the support. This will be crucial for a downtrend or uptrend breakout.
Comment:
Lots of pumps and dumps - not the strongest crypto. Took my profits at resistance. Will be watching the trade.
Trade closed: target reached:
Downward break it was.