ICX Finally Ready to Break ICON
Actualizado
Icon has finally found the bottom of its channel when it bounced off the 0.0002600 Fibonnaci level. It has been following the fibonacci consistently ever since its release. We have been in a downward channel, but look to of formed a small ascending triangle which is squeezing to the very top of the channel. I believe we will either break out very imminently, or have one more small rebound before the big push.
Nota
Fibonnaci resistance levels:
0.0004115
0.0005116
0.0006669
Nota
This is a massively undervalued token, with big news coming in April. You won't be able to buy it any cheaper than today.Disclaimer: This is not financial advice. Invest at your own risk.
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My previous chart from last week showing how perfectly ICX adhered to the fibonacciNota
A candlestick on the 4hr chart above 0.0003000 would confirm any breakout from the channel, making a higher high for the first time.Nota
Rsi and Macd looking good, lets do thisNota
Ooops. this is the correct graphNota
We have bounced off the top of the channel, then found support on the green line, which looks to be the support line of a symmetric triangle. The price is squeezing us to the tip of the triangle. A break out above and it would suggest a bullish change in trend, possibly forming an ascending channel along the green line. A break down below and we could see a bounce back of the yellow line. This could create a catipulation back upwards, or we could consolidate sideways for a while.
Rsi and Macd all looking healthy, so lets see what happens.
Nota
We've finally broken out the channel and are climbing very slowly up the new green trend line. We're looking to maintain momentum and get above the 0.0003000 level. The whales are still in full control of the price at this low volume, so be careful with any trades.
However I do believe we've now found the bottom at 0.0002600.
Nota
BAM!!!!
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