Icon ICX leaving its downtrend? (hourly log chart)

19 Feb 2020

WHY mention ICX now? --> Exiting the 2 weeks of downwards channel ... might mean a new upwards trend.

* LIGHTBLUE broken out of down channel top

Alternatively it could first go sideways for a while, e.g. between 3700 and 4000 (zoom in on 15 minutes chart).

Or (which I don't believe but it's possible) breaking out of the channel FAILS ... then it could fall, but probably not further down than approx 3400:

* PURPLE trend line was the FIRST (i.e. last unbroken) one, of 6 accelerating trends, during its parabolic rise, early February 2020
* BLUE horizontal at 2750 was an August 2019 peak.

19 Feb 2020

Nota

Looks like the slightly downtrending PINK channel gets invalidated as we speak:

19 Feb 2020

Nota

Now the slightly uptrending BLUE channel got invalidated. Whew this WANTS to rise.

19 Feb 2020

Nota

It doesn't even want to stay within the steep YELLOW channel

19 Feb 2020

Nota

even steeper. Icon ICX you are too fast

19 Feb 2020

Nota

I have never before used FibRetracements. Have I done this right ???

The 61.8% level 5248 coincides with a support 5210 from one year ago; and at 5225 it got reflected during the bull trap on Feb 5th at 13:00 UTC.

Or how do I apply Fibonacci Retracements correctly?

So above ~5200 Satoshi, take profits, I guess?
Or 4999 might be a good moment to exit (see the resistance on Feb 6th, and it's a whole number) ?

Any opinions?

21 Feb 2020

Nota

ICXBTC just crossed over its Wednesday peak (afterwards Binance was offline, and then BTCUSD dumped). It looks like the pump might continue:

21 Feb 2020

Nota

ICXUSD, the USD pair of Icon, might be crossing out of the top of its 17 days downwards channel (BLUE) right now: