ICON will it have the legs?
Updated
ICX has been good to us lately how ever we dropped our trade at that level of resistance there at 750 a week ago with the intentions of buying back on a descent retrace.
It didn't drop far or have any major reaction to the BTC dip the other day and bounced off the 38 already and is already testing those highs again.
We may have to run 2 different strategies here with this, if we can break this last high i can see a fairly impulsive move to that level of supply purely because of a lack of market structure to the left so i will be looking for a break out trade and trying to catch that last 30% or so.
On the other hand on the smaller time frames we could be heading for a double top rejection here and heading back down for that retrace we are after and hopefully its descent enough to come back down to around the 6300 sat mark for a nice bounce off the 618.
CCI looks like it may be geeing up for another push but it also needs a cool off from the last swing high imo.
It didn't drop far or have any major reaction to the BTC dip the other day and bounced off the 38 already and is already testing those highs again.
We may have to run 2 different strategies here with this, if we can break this last high i can see a fairly impulsive move to that level of supply purely because of a lack of market structure to the left so i will be looking for a break out trade and trying to catch that last 30% or so.
On the other hand on the smaller time frames we could be heading for a double top rejection here and heading back down for that retrace we are after and hopefully its descent enough to come back down to around the 6300 sat mark for a nice bounce off the 618.
CCI looks like it may be geeing up for another push but it also needs a cool off from the last swing high imo.
Trade active
17% since our entry on the break in trend, about 15% from the break on the peak of the right shoulder.Keen for this to push up as high as the supply zone although we are at some resistance now so expecting a little retracement over the next day or so, some times over the weekend the volume can be a bit bland so may take a little while to get moving once again.
Trade active
Still trecking its way up to the top supply, currently hitting a bit of resistance with another short term supply at the moment, but my oscillator and algo are still saying we got some legs in it so might just take some profits here and let the rest run and move the stops up.Trade closed manually
AAANNNNDD we are done, all positions closed for now and ready to re-asses once the market settles a bit.MY T/A telling me it needs to retrace or hold hear before making another move but who knows with the amount of silly activity we have had the last week or so with some random fundamental news causing multiple 100-400% pumps in some alt coins...
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