ICON Quick 15m Breakout trade!Hey, I am back with another Forex idea, this time looking at ICX.
As you may know ICX is breaking out, and currently is about to perform another leg up.
So the price has been going down in a very tight selling channel, this is a indication of bears exhaustion, buy in the support area or market buy into the breakout.
Good luck with this trade, I am taking a part in it!
Cheers,
Tibor
ICXUSDT.P trade ideas
ICX / USDT (Weekly Very Short Cut)ICX / USDT,
In short, above WOB, testing the weekly OB now! IF the testing is successfully than it's time to grow for ICX with big steps! Consolidation for long time means to me the upward momentum will be big! Volume also goes up with price that's a big bullish signal to me!
Keep an eye on ICX / USDT big chance is possible coming!
ICX AnalysisPeople who bought ICX on the first week of August, enjoy your 30.66% PROFIT that you made in less than a week!
There's also green cloud present as a buy signal.
As of now, if you are holding ICX, fo not hurry to sell since there are no sell signals present. If you want, you can take profit at the resistance level (0.65) or you can wait for EngineeringRobo's sell signals to sell.
Also, if you want to buy ICX, since the risk&reward ratio is lower than 2, I don't recommend you to buy right now. You can buy when the candle open-close above the resistance level (0.65) for 1D.
After you buy, watch out for EngineeringRobo's sell signals to not lose your profit or your money.
ICXUSDT ANALYSISI have 4 positive signals and ı am bullish at the moment .
It is above the up trend line and support line so that you can join this train
You can sell at the resistance line ($ 0,6542) estimated min. %20 profit
Have a good trade. If you still didn't use the EngineeringRobo please dm me.
ICXUSDT AnalysisI am mostly positive about ICX. There was a moon signal on July 4th. In addition, the MA 20 (blue line) is above the MA 50 (yellow line), indicating that it is time to buy it. Engineering Robo Cloud is also green, indicating a time to buy. The candles are continuing to move above the upward trend line. I can buy now, and if the candles continue to move above the upward trend line, and then break the 0.6575 resistance line with an open-close candle above it, then I can sell it at a more than 50% profit. If, however, the candles move down and pass the 0.3720 support level below it, I can sell it.
ICXUSDT ANALYSISBased on my analysis, now is not a good time to buy ICX because the candles are between the support line(0.2880) and the resistance line(0.44). Therefore,
If you wanna buy, you should wait,
a) the candles go down at the support line(0.2880), or
b) the candles pass the resistance line(0.44).
However, you have ICX,
you should wait at the resistance line to sell it. Also, you may get help from EngineeringRobo's signals.