ICON / Bitcoin
Long
Updated

ICON (ICX) Bullish Divergence, possible long.

371
ICX has been on a freefall for the past few weeks. However, each time the RSI reached oversold we have had a small bounce. This could be another one of the bounces.

Signals:
Bullish Divergence on 1 hour
A bounce from support

Buy in:
1472

Sell:
1500

Stop loss:
1454, where the previous support has been. If we bottom out here it could be anywhere from 1-6% over the next 2 days.
Note
snapshot

I already entered, we can see the stoch has room to play with and ICX has a bullish div on the 15 min.
Note
We have a combined 10btc buy wall so far. Sell wall to target is 4 btc. However, keep in mind they could be removed at any time.
Note
snapshot

Bulls and bears still fighting, hard to say.
Note
snapshot

I'm guessing people are tempted to get out right now.
Trade closed manually
I got out at 1474. I'm moving my funds to a better trade. This one is still on the watchlist.

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.