Back to work from vacation, here's my first signal :)
#ICN (ICN/BTC)
Buy : Under 7000
Flash Sell : 7050-7100-7150-7200
Short Sell : 7300-7400-7500-7600
Long Sell : 8000-8500-9000-9500
Stop : 6700
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Since the end of April, Iconomy has been consistently losing to Bitcoin. Price went down from 18k to 5.5k satoshi in just three months, with a drop of nearly 70%. On the 31st of July, ICN/BTC has formed the low at 5.5k level where it rejected the lower trendline of the descending channel.
The trend is still heavily bearish, but based on the past price action, a...
Iconomy currently stuck between the support and resistance levels. the support is at 78.6% Fibonacci retracement level, that is $0.87. The resistance is being the point of breakout of the descending channel, that is $1 psychological price.
In order for ICN/USD to start moving higher, a close above $1 is required. When/if that occurs, price should continue going...
