ICX is showing Bullish Divergence on the 4-hour indicators.

2018년 10월 25일

ICX/BTC is currently showing some bullish divergence on the 4-hour RSI, CMF, and Stochastic. ICX recently fell below it's fib level support at 1047 (.618) so that is an area of concern, but the indicators are pointing to some upward momentum that will possibly reflect in the price action here before too long. I will be watching the 4-hour EMA's (50, 100, and 200) and the .618 fib level as a possible area of resistance. Alongside that, the previous price action around 1085, and the .5 fib level around 1125 as other possible area's of resistance. Bitcoin took a little bit of a drop last night and has been a bit slow to recover, so we do need to keep in mind that Bitcoin can ruin the party pretty quickly should it decide to move further down below it's support zone around 6360ish on the fiat exchanges. I won't rule out a chance ICX could go a lot higher if the market really turns up in the next few days.

-Entry: 1010-1025.

Short time-frame targets:
-Target 1: 1050 (.618 fib level.)
-Target 2: 1085 (Previous area of resistance/price action.)
-Target 3: 1125 (.5 fib level.)

-SL: 995-1005.

--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.

2018년 10월 25일

노트

Forgot to mention; should ICX not be able to get back above the .5 fib level and use it as support, we could see it come down to the .786 fib level (around 925-935ish) which has acted as a strong support zone as shown here by the Daily chart:

2018년 10월 26일

노트

Holding fairly steady at the moment. Getting a little bit concerned about the overhead resistance from the 4-hour EMA's (50 in green, 100 in yellow, and 200 in red) as they will act as resistance alongside the .618 fib level. I wouldn't be surprised to see a move down now given the price couldn't get the push above 1050. I'll be watching the .786 fib level as an area of interest for reentry should the price start to drop.