guiye1984

ICXUSD Next Stop

guiye1984 Updated   
BINANCE:ICXUSD   ICON
Not trading advise, just playing and learning.

ICX has been trading between a parallel downward trend. It is now reaching the end of it, it will either break it or make another swing down. If it breaks the $1.7 I would consider the trend invalid and look for a new position depending on what the market does. If there's a powerful candle breaking the top, time to buy! with a target of $2 (resistance level) is around 10% return, so not bad.
Trade closed manually:
It did not reach the initial target of $2, trade closed at a small profit when candles started to return down. Let's see how it goes today.
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.