ICX - Daily Indicators Moving into Bullish Territory - Get Ready

Тема в разделе "English", создана пользователем Trading Ideas, 5 окт 2019.

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    ICX - Daily Indicators Moving into Bullish Territory - Get Ready
    ICON / Bitcoin BINANCE:ICXBTC
    jpbrown1023
    L2T4115N_mid.png
    Looking at ICX's daily chart , I see several bullish signs emanating from the indicators which signal it will soon be time to go long on ICX. The Daily MACD just cross the zero-line which is a instant bullish sign to me. However, the zero-line can also act as resistance. I see that the RSI and price action are right at resistance. So rather than pre-mature this trade, I will wait for the price to break with some volume and stay above resistance. Also watch for the RSI to break 60. Confirming both of those should be strong evidence of an incoming bull run. And as always, be cognizant of Bitcoin . After a week below the daily MA200, I think its important to remember that Bitcoin is weak and could cause this initial trade setup to break down. This is just another reason to wait for confirmation to the upside before committing to this trade.


    Did my idea help you make a successful trade?
    Donations are always welcome and much appreciated!
    BTC : 136dZZ2XyUirYUX1nUXwrU6sGgaBNPiFnU
    ETH : 0x2fda8b3ebf9f03078d2e4657ebca5c41ed020bf6
    XRP : rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy Tag: 395032582
     
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