ICON (ICXBTC) Touches Strong Support - Prepares To Move UP! Long

ICON / BitcoinBinance

Description

⋅ Dec 19, 2018 5:10 AM

I am seeing many signals that point to a breakout for ICON (ICXBTC), which can be traded on Binance.

Let's take a quick look at those:

ICXBTC has now broken free of a long downtrend.
Price hit Dec '17 low followed by a strong increase in trading volume. An increase in trading volume is indicative of an upcoming breakout.
Price is now trading above EMA10.
Bullish divergence on the MACD and RSI.
These are enough signals... ICXBTC is about to move up.

Note: A break of the 0.0000561 support level would invalidate the above signals.

The first strong resistance will be found at 0.0000716 or 0.0000868 (MA99) if it breaks-up with good momentum.

Weekly chart:

Thanks a lot for reading.

Please hit like for more free analysis that can help you make better decisions when you trade.

Namaste.

Trade active

⋅ Dec 19, 2018 5:35 PM

Comments

AW_Professor

⋅ Dec 19, 2018 10:38 AM

I think ICX pump should happen soon. Just need to wait for BTC to settle its balls. Fundamentally ICX is doing very well.

AlanSantana

⋅ Dec 19, 2018 2:54 PM

@AndrewCao, Thanks for the comment.

viking_vp3

⋅ Dec 19, 2018 8:38 AM

Hi
thanks for sharing Bro
take look at Qlc :-p

AlanSantana

⋅ Dec 19, 2018 2:54 PM

@viking_vp3, It is my pleasure.

Will take a look.

emaanmalik

⋅ Dec 22, 2018 4:41 PM

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katalene

⋅ Dec 19, 2018 9:04 PM

Thank you for sharing :)