ICX is at a pivotal juncture.
Price has already tested the 200Dma and selling pressure should now be weakened.
In addition ICXBTC is in exactly the same scenario - testing the 200Dma and a clear domed bottom.
Back to ICXUSD and price has breached distribution resistance.
It could really pump here or soon - also depending on BTC.
Not advice.
Price has already tested the 200Dma and selling pressure should now be weakened.
In addition ICXBTC is in exactly the same scenario - testing the 200Dma and a clear domed bottom.
Back to ICXUSD and price has breached distribution resistance.
It could really pump here or soon - also depending on BTC.
Not advice.
Note
This is such an interesting chart now because this was a clear impulsive breakout well in progress. It had gone too far to be a fakeout I think. And then BTC causes a bigger downside sell off.If price does get above 200Dma then I will expect a big surge upward, but if it looks weak around this area I will exit.
I think it goes higher because the sell off interrupted a clear impulsive wave in progress and if BTC drifts up in recovery (to probably fail) then ICX can have a final surge.
Note
/BTC finds support on 200Dma. I think /BTC gets to 0.5/ 0.618. Note
ICX already punching through the local top and 100Dma again. I think this will have some good pop soon enough.Note
What did I say...Note
😄Note
ICX looks ready to have another surge upward whenever BTC drifts up.
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