Set up for breakout - EMA Crossing
Hello everyone and welcome to this analysis on 
ICXBTC.
Last day's trade on
IOTABTC proved itself successful. Let's carry on with the same strategy.
Reminder on EMA crossing strategy:
-RSI under 70
-EMA 26 crosses EMA 52
-Low volume on MACD (optional)
-4 hours chart
As you can see the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 has crossed the EMA 52 representing a start of a bullish short to mid term trend upward. Although the crossover was made few hours ago, it still confirms the start of a bullish pattern.
In order to find an entry, you can switch the timeframe of the chart to 1 hour and then 15 min. That will help you determine a momentum for an entry point. Here if you take the 15 min chart you will see that we are about to have a bullish crossover on the MACD which is usually what I use to assess whether it is a good time to get in.
Aggressive approach:
Long at market
Stop loss just under EMA 52 on the 1 hour chart
Take profit under resistance level (dotted yellow line)
Conservative approach:
Long at EMA 12 on the 4 hour chart
Stop loss just under EMA 52 on the 1 hour chart
Take profit under resistance level (dotted yellow line)
**This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
ICXBTC.Last day's trade on
IOTABTC proved itself successful. Let's carry on with the same strategy.Reminder on EMA crossing strategy:
-RSI under 70
-EMA 26 crosses EMA 52
-Low volume on MACD (optional)
-4 hours chart
As you can see the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 has crossed the EMA 52 representing a start of a bullish short to mid term trend upward. Although the crossover was made few hours ago, it still confirms the start of a bullish pattern.
In order to find an entry, you can switch the timeframe of the chart to 1 hour and then 15 min. That will help you determine a momentum for an entry point. Here if you take the 15 min chart you will see that we are about to have a bullish crossover on the MACD which is usually what I use to assess whether it is a good time to get in.
Aggressive approach:
Long at market
Stop loss just under EMA 52 on the 1 hour chart
Take profit under resistance level (dotted yellow line)
Conservative approach:
Long at EMA 12 on the 4 hour chart
Stop loss just under EMA 52 on the 1 hour chart
Take profit under resistance level (dotted yellow line)
**This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
Nota
History shows that ICX is showing itself not resilient to a spike in price of BTC. Closed my longs at a -0.70% loss.Nota
I recommend trading against USD when BTC spikes.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.