ICX
Telah dikemas kini
Following my biased logic of What goes up, must retrace!
ICX doesn't particularly stand out, I screened it purely on +% change and low volume today. And I don't usually look up if there are any big news for the coin, but today....... I also didn't check the news.
My thesis is quite simple:
#1 ICX is in the Golden Pocket of Fibonacci Extension taken from January 24th
#2 +8% gain in 4 hours without much volume
#3 Barely broke out of the 1H Resistance (now Support)
Clearly ICX is highly speculative at the moment, but I believe it'll retrace to the 0.5 Fibonacci Extension level, which will still be within the 1H Support channel. I'll follow this with a careful trailing-stop all the way down. Expect some turbulence or side action in the Support channels.
Target #1 = 0.5 Fibonacci Extension level
Target #2 = 0.382 Fibonacci Extension level
When in trade I keep to a strict Risk Management plan and keep an eye on BTC
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
ICX doesn't particularly stand out, I screened it purely on +% change and low volume today. And I don't usually look up if there are any big news for the coin, but today....... I also didn't check the news.
My thesis is quite simple:
#1 ICX is in the Golden Pocket of Fibonacci Extension taken from January 24th
#2 +8% gain in 4 hours without much volume
#3 Barely broke out of the 1H Resistance (now Support)
Clearly ICX is highly speculative at the moment, but I believe it'll retrace to the 0.5 Fibonacci Extension level, which will still be within the 1H Support channel. I'll follow this with a careful trailing-stop all the way down. Expect some turbulence or side action in the Support channels.
Target #1 = 0.5 Fibonacci Extension level
Target #2 = 0.382 Fibonacci Extension level
When in trade I keep to a strict Risk Management plan and keep an eye on BTC
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
Nota
Target #1 reached, my trailing-stop got me out once ICX went back to the 0.5 Fib level. Moving onto greener pastures.
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.