Hi all, jumping right into ICX/BTC
I dont usually do hourly charts, but ICX seems to be building a nice bull flag right after bouncing right off the 0.00030000 level.
I'm bullish for the following reasons
- Strong volume has come in (needs to be maintained)
- Golden cross on the Moving Average
- Seems to be building a base within the longer terms channel (in blue)
Remember to combine your analyses with the larger time scales.
However, for those perma-bulls out there, there is still a chance that if ICX fails on the blue trend and gets rejected on the Moving Average, it could spell disaster.
*Not financial advice*
I dont usually do hourly charts, but ICX seems to be building a nice bull flag right after bouncing right off the 0.00030000 level.
I'm bullish for the following reasons
- Strong volume has come in (needs to be maintained)
- Golden cross on the Moving Average
- Seems to be building a base within the longer terms channel (in blue)
Remember to combine your analyses with the larger time scales.
However, for those perma-bulls out there, there is still a chance that if ICX fails on the blue trend and gets rejected on the Moving Average, it could spell disaster.
*Not financial advice*