ICON - ascending wedge

in #cryptocurrency • 6 years ago (edited)

Hi my friends, here is ICON analysis.

icxbtc 19.5.2018.jpg

  • ascending wedge is bearish pattern
  • waiting for candle close above or below dotted trend line
  • when close close above dotted trend line, next resistance is 0.382 fib = 0.0004800
  • volume is descending
  • all technical indicators are bearish

I think, the bottom dotted trend line and blue trend line will break.

Majkee

#bitcoin #crypto #steemit #news
6 years ago in #cryptocurrency by
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    • [-]
     6 years ago 

    What wouldn't happen, I think that ICON - very perspective project

    [-]
     6 years ago 

    Yes, I agree, ICON is very good project. This is technical analysis, not fundamental.

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      [-]
       6 years ago 

      You have a minor misspelling in the following sentence:

      when close close above dotted trend line, next resistence is 0.
      It should be resistance instead of resistence.

      [-]
       6 years ago 

      You got a 3.40% upvote from @emperorofnaps courtesy of @majkee!

      Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!

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        [-]
         6 years ago 

        icon to the moon

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          [-]
           6 years ago 

          I hope :)

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