Simple Technical Analysis of ICX to find Entry and Exit Points
This analysis is just using trend lines, RSI and MACD to find entry and exit points.
When ICX is overbought (RSI>70) and the short EMA (blue) of the MACD crosses below the long SMA (orange) this is an indication of a change in momentum and could be considered a good exit point. Conversely when it is oversold (RSI<30) and the EMA crosses above the SMA in the MACD, this is a good entry point.
We just entered an overbought region in the RSI, a good entry point from now would be near the uptrend line, preferably if the RSI is in the oversold region and the EMA starts to slope upwards, even better if it crosses back up above the SMA.
I personally have a lot of faith in the project and the team, so I will only be using the entry points to buy more and stagger smaller sized sells in the overbought regions.
Disclaimer: I own a little ICX, do your own due diligence before investing.
When ICX is overbought (RSI>70) and the short EMA (blue) of the MACD crosses below the long SMA (orange) this is an indication of a change in momentum and could be considered a good exit point. Conversely when it is oversold (RSI<30) and the EMA crosses above the SMA in the MACD, this is a good entry point.
We just entered an overbought region in the RSI, a good entry point from now would be near the uptrend line, preferably if the RSI is in the oversold region and the EMA starts to slope upwards, even better if it crosses back up above the SMA.
I personally have a lot of faith in the project and the team, so I will only be using the entry points to buy more and stagger smaller sized sells in the overbought regions.
Disclaimer: I own a little ICX, do your own due diligence before investing.