ICX has been sitting in correction FOREVER. Here's my latest chart showing that a breakout is likely coming for ICX.
Scenario 1:
If my chart is correct as is (and often times you have to be careful about this because corrections are near impossible to chart), then Moon is coming.
There is a 3% chance of mapping a correction accurately (just FYI).
Scenario 2:
One more lower low, then moon.
A variety of different reasons:
1) The 618 fib (38000 Sats) is holding strong, and it's tested it 2x in the past.
2) A zigzag correction seems to have taken place here, with a 28770 Sats bottom.
3) A stronger support exists at 24500 Sats which is the 786 fib of the larger wave.
4) Bullish divergence on MACD (although hidden bearish exists not shown on here).
IN SUMMARY:
There are several opportunities to accumulate ICX depending on risk.
38000: if you can hold-on if it drops (don't do this if you have shaky hands).
24-30k: great buy zone
If you have lower risk tolerance, buy on confirmation of breakout (look for 3-4 green candles on the 4 hour) closing above MA 25.
If it crosses MA 99, you'll have a parabolic run.
Scenario 1:
If my chart is correct as is (and often times you have to be careful about this because corrections are near impossible to chart), then Moon is coming.
There is a 3% chance of mapping a correction accurately (just FYI).
Scenario 2:
One more lower low, then moon.
A variety of different reasons:
1) The 618 fib (38000 Sats) is holding strong, and it's tested it 2x in the past.
2) A zigzag correction seems to have taken place here, with a 28770 Sats bottom.
3) A stronger support exists at 24500 Sats which is the 786 fib of the larger wave.
4) Bullish divergence on MACD (although hidden bearish exists not shown on here).
IN SUMMARY:
There are several opportunities to accumulate ICX depending on risk.
38000: if you can hold-on if it drops (don't do this if you have shaky hands).
24-30k: great buy zone
If you have lower risk tolerance, buy on confirmation of breakout (look for 3-4 green candles on the 4 hour) closing above MA 25.
If it crosses MA 99, you'll have a parabolic run.