ICON / BitcoinLong
ICX making iconic cup and handle
Updated
ICX on the 1D has found strong price support from the Kijun Sen.
The Kumo is wide and belly up acting as strong support as well however the support is volatile.
Stochastic RSI - Has been scraping bottom and we can see the beginning of a bullish crossover.
ADX + DI - Trend down is weakening and the our DIs have started a bullish divergence
TRIX - TRIX has crossed over the median line signaling a buy and increase in momentum.
Cup and Handle - Price looks as if its found bottom on its handle. As this is a continuation pattern and there are many other bullish signals on the indicators we should see a continuation in the uptrend experienced over the past few weeks.
Trade Safe!
The Kumo is wide and belly up acting as strong support as well however the support is volatile.
Stochastic RSI - Has been scraping bottom and we can see the beginning of a bullish crossover.
ADX + DI - Trend down is weakening and the our DIs have started a bullish divergence
TRIX - TRIX has crossed over the median line signaling a buy and increase in momentum.
Cup and Handle - Price looks as if its found bottom on its handle. As this is a continuation pattern and there are many other bullish signals on the indicators we should see a continuation in the uptrend experienced over the past few weeks.
Trade Safe!
Note
price still consolidating and forming a handle
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