ICX nearing previous highs so there will be much resistance. Then we have Fib resistance and psych number of .3000 round. Below we have Fib support at an important "Confluence of 2".
To be honest, I do not trade nor follow this coin/dev/usage. But it was mentioned in chat so I thought to take a look at it. Below is my thought process when looking at a chart for first time.
First glance, starting with last drop from $1.00:
Last bounce was a little spark that exploded to 9.618 , very often a wave killer
Possible Impulse of current bounce:
Putting them together and adding zones in Confluence areas we have:
註釋
Making another run for it after the rude interruption by BTC Watching 30 cents keenly here.
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交易結束:目標達成
Target hit, out for now, will look to re-enter after gauging pullback
Close up shows the precision of Fibs. .3697? only a fib told me that number
註釋
Since last update ICX pierced the .37 zone but pulled back hard interestingly, it still appears to be following the blue fib, which wants UP. So am watching closely now...