HenkGK

The two scenarios for ICX

BINANCE:ICXBTC   ICON / Bitcoin
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There is my analysis of the current situation on ICXBTC .
1. The local trend -> downtrend
2. Divergence in point A and C -> bearish

Scenario 1 – my current
We are going to point D, somewhere about 2857, but it is also possible to land only on the level 2996 – 3016 (strong level AB = CD). The formation XABCD is bullish , so from point D the uptrend should start.

Scenario 2 – an alternative option
If scenario 1 is wrong, and we are going up, confirmation of the uptrend will take place when a candle will be closed above 4651.

There is not any financial advice, just my two scenarios.

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