Possible breakout for ICXUSDT - Will daytrade it.
By the looks of it, ICX starts to look interesting.
There is heavy volume in the uptrend after the latest heavy dump of Bitcoin.
What I do see though, is that MACD-H is not showing that much strengh, and if we extrapolate this it could become a bearish divergence.
The Elder Force Index that I use, does show that a lot of strength is in the upmoves, which is bullish.
Stochastic RSI shows that although we move up, we are far from overbought, which means there is room for a good upmove.
Long term:
If you want to be on the save side, wait for a solid breakout through 0.285 cents.
Short term:
As I am daytrading it, I will dive into it right now, and trade the way up to at least 0.285, where it will probably go to, and then either bounce or break through it.
This does mean that I keep my Stoplosses on short term Lower low levels. I will not post my day trades as that would be too much work.
Target: Still open, as we are coming from a heavy dump.
There is heavy volume in the uptrend after the latest heavy dump of Bitcoin.
What I do see though, is that MACD-H is not showing that much strengh, and if we extrapolate this it could become a bearish divergence.
The Elder Force Index that I use, does show that a lot of strength is in the upmoves, which is bullish.
Stochastic RSI shows that although we move up, we are far from overbought, which means there is room for a good upmove.
Long term:
If you want to be on the save side, wait for a solid breakout through 0.285 cents.
Short term:
As I am daytrading it, I will dive into it right now, and trade the way up to at least 0.285, where it will probably go to, and then either bounce or break through it.
This does mean that I keep my Stoplosses on short term Lower low levels. I will not post my day trades as that would be too much work.
Target: Still open, as we are coming from a heavy dump.
Uwaga
Looking at the 4H chart, we see it keeps on moving above the slow 20 EMAUwaga
Intraday entry can be found in this yellow rectangular area possibly.I will monitor on a shorter timeframe to monitor the short term movement.
Uwaga
I just got in at the current price, as I want to trade on the 1 minute timeframe, and by the looks of it, we are about to build a higher low right now. 0.2679
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