Long
Time to load up? LONG HODL
I thought I would do a write up on this coin which hasn't been getting much attention lately. Volume is low and sentiment is negative (I've heard people calling this a "dead" coin), which tells me its time to ACCUMULATE!
FUNDAMENTALS - ICN has a great team (I reccommend you read the Medium interview with their CEO) a fully working product & use case, and a revenue of $1,000,000 for Q4 2017. This year they expect to enable fees payable in ICN and a fiat gateway (amongst many other developments). ICN has bled from top 15 to page 2 on Coinmarketcap over the year, and I don't believe it will stay that way for long.
TECHNICALS - The BTC recovery has hurt alts and may continue to do so, and the cloud breakout on the weekly was short lived. However, as per the Wyckoff strategy, I can see a clear flat accumulation zone.
I will be accumulating >1.8k-2k sats, and holding LONG (maybe as long as 6-7 months from here). Depending on how badly BTC hurts alts, I may pivot downwards my preferred accumulation spots. If this forthcoming market cycle is as abrupt as the last for this coin, I will probably hold as high as .5-.618 before taking profits.
Let me know what you think!
FUNDAMENTALS - ICN has a great team (I reccommend you read the Medium interview with their CEO) a fully working product & use case, and a revenue of $1,000,000 for Q4 2017. This year they expect to enable fees payable in ICN and a fiat gateway (amongst many other developments). ICN has bled from top 15 to page 2 on Coinmarketcap over the year, and I don't believe it will stay that way for long.
TECHNICALS - The BTC recovery has hurt alts and may continue to do so, and the cloud breakout on the weekly was short lived. However, as per the Wyckoff strategy, I can see a clear flat accumulation zone.
I will be accumulating >1.8k-2k sats, and holding LONG (maybe as long as 6-7 months from here). Depending on how badly BTC hurts alts, I may pivot downwards my preferred accumulation spots. If this forthcoming market cycle is as abrupt as the last for this coin, I will probably hold as high as .5-.618 before taking profits.
Let me know what you think!
Note
Just wanted to point out the obvious error I made in the fourth paragraph - I will be accumulating <18k-20k, as in, below 18k sats. Speaking of which, added to my position at 13k today. Best
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With yesterdays Coinbase announcement that they are to launch an index fund, I expect DAA's and crypto index funds to start getting more attention going forward. Many others seem to feel this way, as price has begun to rise with decent volume. The other big thing - this month, ICN will announce two use cases for the ICN coin (source : medium.com/iconominet/iconomi-q-a-session-february-edition-186d9bf217cf ). I cannot tell you if these use-cases will be big or not, but any major on-ramp or payment related uses adopted will surely propel us towards "da mooooon".
Let's wait & see.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.