DigitalData

ICX/ETH - Possible Reversal Soon

BINANCE:ICXETH   None
ICX is heading towards a correction here shortly most likely. Keep a close eye on it. I would think buying in this low is a safe bet for now. It also has some support a little lower.

Ticker: 15 minutes (Always double check with the 4 hour then 2 hour then 1 hour then 15 min then 5 min in that order)

Chart: Fibonacci indicated we should see a reversal soon to some extent
Chart 2nd: Boll bands also suggest this
Chart 3rd: Moving averages favoring reversal soon

First Indicator Chart: Volume - we need this to go up above the EMA/SMA white line you see which may happen here shortly.
Second Indicator Chart: RSI + Built in Moving Average - This is hitting a low indicator and has MA favored
Third Indicator Chart: MACD / Double Confirming 2nd indicator also favored right now
Fourth Indicator Chart: RSI + Buy Signals + Sell Signals New Lows (this one is great this is the two huge red bars which basically anytime you see two new lows back to back it basically hints the reversal is soon since it would be atypical for it to have more than two back to back.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.