Potential Cup & Handle

12 Jan 2018

One way I see Icon playing out. Retraced to the 0.618 with a strong bounce. Now starting to break the downwards trend.

Daily time frame remains bullish , I think we could make it to $15-$20 before mainnet launch. Lets see if this plays out!

13 Jan 2018

Nota

Extended the Cup & Handle , looks like the 50 day MA is acting as strong support so this is a level that I am watching. Now would be a good entry point with stop losses set below the 50 day MA.

Also spotted what could be a falling wedge reversal if we measure off the closing four hour candles. Look for a break to the upside for a long trade.

14 Jan 2018

Nota

Looks like we are forming the cup and are breaking up. I still expect a bit of resistance at the 8700 Satoshi level which should form the handle. Then it should easily go up to 10000 satoshi's +