In my last post I talked about a bearish scenario relating to the ICX/BTC pair. This scenario seems to not have played out like I thought it would have with Bitcoin's price jumping from $6586 to $6870 at the time of writing. The ICX/BTC pair also experienced a jump in price today with it going from around $1.85 to $2.04.
This price action seems to have set up the indicators nicely for the 4hr on ICX. On the RSI side, there is now a lower high, which could be a possible sign of bullish divergence. The MACD has also crossed over after being in the negative side for some time now with the histrogram upticking slightly. If we take a look at the chart for ICX/BTC, the 55 day moving average is still on top and we have failed to have a bullish candle close above it yet. It seems that the gap between the 55 and the 21,13 and 9 day moving averages are closing and there could be a bullish crossover sometime soon.
This price action seems to have set up the indicators nicely for the 4hr on ICX. On the RSI side, there is now a lower high, which could be a possible sign of bullish divergence. The MACD has also crossed over after being in the negative side for some time now with the histrogram upticking slightly. If we take a look at the chart for ICX/BTC, the 55 day moving average is still on top and we have failed to have a bullish candle close above it yet. It seems that the gap between the 55 and the 21,13 and 9 day moving averages are closing and there could be a bullish crossover sometime soon.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.