ICX forming a Cup & Handle, might be a good mid term trade.

ICX/BTC is currently consolidating on top of old resistance from 760-790 confirming the S/R (support and resistance) flip. We also have the 200 day moving average in Red acting as support right within this S/R flipped zone. In the broader picture, we can see ICX/BTC is forming what appears to be a cup and handle formation, and we are toward the bottom of the handle as it sits right now. Overall, this might be a slower moving trade, but so long as we hold above the 200 day moving average and continue holding this S/R flipped zone, this entry may end up being pretty solid for a mid term hold. Targets will be aimed at mid term levels. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer feeless cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are feeling generous! :)

Moving average guide (All daily for this post):
50 day MA in Green.
100 day MA in Yellow.
200 day MA in Red.

Entry: 760-820

Target 1: 975 (Previous top)
Target 2: 1100 (Previous resistance zone.)
Target 3: 1250 (Previous consolidation area.)
Target 4: 1375 (Previous resistance zone.)

SL: 725-750 depending on your goal and risk level.

Robinhood crypto article: support.robinhood.co...tocurrency-Investing

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.

評論:

So far so good on ICX: