Short
ICX/ETH Descending triangle continuation
ICX approaching the end of a large descending triangle, typically a bearish signal suggesting continuation of our downward trend.
Watch for a downside break past bottom support and increased volume for confirmation. In this scenario, after a break down, we can expect a brief return to 5800 as support turns to resistance, followed by strong downward motion.
Target:
4500
3800
S/L:
6300
Target Date: 4/4/2018
Watch for a downside break past bottom support and increased volume for confirmation. In this scenario, after a break down, we can expect a brief return to 5800 as support turns to resistance, followed by strong downward motion.
Target:
4500
3800
S/L:
6300
Target Date: 4/4/2018
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.
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.