- failed to support on 0.236fib - Tif weekly candle closes on green that would be a good point for a bottoming - CCI is going up after big bloodbath.
DAILY CHART
- RSI downtrend has been broken. Positive - MACD crossed and going up - CCI turned into green after 4 red months - Moving averages still above of candles yet
4H CHART
- CCI showing good and longer positive action - Ichimoku cloud broken and stay below candles - Candles supported by EMA20/50 - Important MA200 remains above candles for now
CONCLUSION
ICX has been performing very good on the last days. Price is really pretty low and if altcoins can survive on cryptocurrency , this seems a VERY good spot to buy. Small timeframes has been looking good on ICX but still need some bullish confirmation to be sure if that's the right time to start. However, Market could need some weeks more to start move faster, be patient!.
How many days it will need to reach its top? Days or weeks?
MikeCryptoSignals
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@Etherpro, Probably it will take months. Only Bullish cycle on altcoins could jump them to the highs again.
Gunarobo
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are you sure 1st target is 2550?
MikeCryptoSignals
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@GunaGuna, My personal targets are based on my weekly fib charts. They aren't short-term targets, that means it will take longer because prices are higher.
2550-2750 sats is a very good spot to set your targets because is a confluence zone between resistance and fibonacci level.
Hope that can help you. Thanks for looking my idea