ICX in a strong uptrend

ICX found bottom at 910 and now grows up. I have a whole bunch of patterns with many trendlines drawn. Each line cross will be supported by big volume and rapid price change (in one of directions).

We have support at 1000, smaller support at ~1026. Areas slightly below these lines are good buy zones.
Than we have resistance at 1070, 1150, 1250 (first strong resistance) and breakout area around 1370. Each resistance will become support once broken. Below each support is a potential buy zone.
If BTC is flying to the moon, ICX will fly side by side reaching 1560, 1870, 2080 and 2450. But that is absolutely uncertain possibility. Especially in time terms.

Day chart for bigger picture.

SL for bad scenario and buy back areas – 950 – 890 – 855

Fundamental analysis - I don't trust fundamental but I just happen to hear the news that one of Korea’s biggest insurance firms SK partners with ICON. Maybe true? I don't know.


P.S. Not a financial advice. For educational purposes only.

Kommentera:

Following BTC dip ICX followed and bounecd of 988. There is a possibility that BTC will fall lower to 6560 before continue uptrend so ICX as well may be picked up at ~1000. Although I hope 6600 will hold and we'll see something potive in market.

Kommentera:

Maybe it will even hit 980.