Johnsonysu

ICNBTC - Undervalued Crypto Index Fund (+1300%)

Long
Johnsonysu Updated   
KRAKEN:ICNXBT   None
A crypto fund with "digital arrays" or indexed coins with different risk profiles that's actively been traded.

Technicals:

-MACD bullish reversal
-Kumo breach
-MMAR reversal
-Bullish trendline


Fundamentals:


- Trading only 2x book value (Under 3x is cheap)
- Digital arrays contain quality coins
- Quarterly coin burn feature to be introduced that enables ICN token holders to participate indirectly in dividend distribution (20% of profits are used to buyback tokens, 80% is reinvested)
- Only coin to be planning a Big 4 audit
- Gateway token to help new investors with instant diversification in cryptos (think ETFs)
- Affiliate marketing to start 2018
Summary: BNB Binance style utility token + affiliate marketing + Index fund to crypto + strong returns = WIN!

Trading:

Hold up to 6 months, for up to 1300%.

Will update with key resistances and key target projections soon.
Comment:
Look at bottom pennant channel for entry

Comment:
If price breaks down, consider dollar cost averaging and buy in at support line.

Trade void if support line broken (give or take some)

I recommend looking for a great entry and just buy & forget

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