ICX update - Key levels to watch
Trading and investing is always in the context of time.
Long term, I'm bullish on ICX, as per my previous ideas.
However, in the short term, I am waiting for key levels to invest again, hence the name of this update.
Key Levels which I am looking for are:
1.96 and 1.8, this is where the downtrend since 29th March high began, meets the uptrend since 26th December.
If this key level fails, which I doubt it will, because as per my last idea the ICX BTC pair - which is in a bullish pennant, could hit the bottom of the pennant at 0.000035, which would equate to around a 0.5 drop in USD price of ICX i.e. around 2.4 to 1.9 (assuming BTC price remains stable at mid $50's.
Failing this key level it would resort to the intersection of the key level horizontal line meeting the downtrend at between 1.2 and 1.1. Although, this is not too realistic imo rn.
GL and HF.
Long term, I'm bullish on ICX, as per my previous ideas.
However, in the short term, I am waiting for key levels to invest again, hence the name of this update.
Key Levels which I am looking for are:
1.96 and 1.8, this is where the downtrend since 29th March high began, meets the uptrend since 26th December.
If this key level fails, which I doubt it will, because as per my last idea the ICX BTC pair - which is in a bullish pennant, could hit the bottom of the pennant at 0.000035, which would equate to around a 0.5 drop in USD price of ICX i.e. around 2.4 to 1.9 (assuming BTC price remains stable at mid $50's.
Failing this key level it would resort to the intersection of the key level horizontal line meeting the downtrend at between 1.2 and 1.1. Although, this is not too realistic imo rn.
GL and HF.
Finance_Goku
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