ICON (ICX) Ready 4 Breakout (50% Profits Potential)

ICON (ICX) is getting ready to breakout. This is a very strong altcoin available for trading on Binance. Really good volume.

Let's take a closer look and position ourselves for a nice, very low risk and high reward trade.

ICON (ICX) Trade by Alan Masters

CHARTS, SIGNALS & INDICATORS

- You can see the triangular pattern on the chart above. ICON is getting ready to move after a 6 months long retrace.
- We have a double bottom on the RSI and bullish divergence on the MACD.
- Weekly closes today, but reversal candle has formed.
- Plenty of room available for growth up in the weeks to come.

TRADE INSTRUCTIONS

Buy in: 0.000282 - 0.000322

ICON (ICX) Targets by Alan Masters:

(1) 0.000378
(2) 0.000432
(3) 0.000475

Note: Use targets as reference only to sell for profits. Not all targets are meant to be reached. Make sure to sell small portions of your holdings each time you reach a target and only leave behind 20% for the higher targets. Here you can learn more: Selling the targets - The Basics.

Stop loss: 0.000210

UPCOMING EVENTS

- 30 June 2018 - ICX / ETH DEX Launch. ICX/ETH Decentralized exchange.


Low risk, high reward...

This is exactly what we need and what we want.

Namaste.

Comment:

If you want to do very, very low risk, you can try 0.000280 as your stop loss.

Trade active:

We are getting closer to the breakout point. Will we move up or down?

I am seeing bullish divergence on the MACD both on the 4h and 1d time frames.

We are trading above some small resistance on the 4h time frame as well.

Here is a quick chart for your entertainment:

Comment:

Looks like support has been found, if it holds, we are ready to make the next move: