ICX - Daily Indicators Moving into Bullish Territory - Get Ready

ICX - Daily Indicators Moving into Bullish Territory - Get Ready
ICON / Bitcoin BINANCE:ICXBTC
jpbrown1023

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.


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