ICXBTC
ICX in a possible long 3rd elliot wave.
TD Sequential shows a down trend but the general trend is upward
This is usually what a Elliott Wave study looks like.
Simply explained. We have have 2 Elliot Waves. One is the main one and has confirmed a retracement to 38.20% and second pull back to 61.8% to the spot. Meaning the 3rd leg of First extension is on the making. The second wave (yellow) has retrace successfully to 61.8%. If we use the FIB levels and the Elliott waves we have to assume the wave 3 started around price 65-68. The support of the upper trend line has been sustained by lot of points. If the price fells back at 65-68 levels then we are making a small double bottom to continue up. I don't expect price to fall back to 55 levels which would void the Elliott Wave pattern. This is a long target with probably a lot of other retracements.
This chart for Educational purposes only, NOT TO MAKE SOMEONE BUY OR SELL OR TO MAKE ANY FINANCIAL DECISION.
Entry
68-71
target 99-100
Good luck
Note. Sorry about the messy chart but I hope as you go through this chart you understand how important is to do studies for smart financial decisions. How important is to understand Elliott waves and FIB levels.
Thank you.
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ICX holding its support pretty well. :). I like it.
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We all know what happened. After hitting first target we just slide nicely down with btc. I have been trading this coin a lot with at least 20% daily wins. Recomende. entry now at 45 - 55 level price. will update sell price soon.
90-92