$ICN/BTC Technical Analysis Dec. 4, 2016.

Hello Steemers!

As requested by @nippel66 , I did a ICONOMI chart.
The chart is pretty low on historical data so I chose to work on the 4h timeframe, but showing the 12h and the daily as well.
I took the charts from the highest volume exchange, being Kraken.

As usual starting of with the clean charts:

1 day chart Kraken-clean - Dec. 4, 2016

12 hour chart Kraken-clean - Dec. 4, 2016

4 hour chart Kraken-clean - Dec. 4, 2016

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Lines

1 day chart Kraken-lines - Dec. 4, 2016

12 hour chart Kraken-lines - Dec. 4, 2016

4 hour chart Kraken-lines - Dec. 4, 2016
Drew some lines (white ones are the "valleys" and blue ones are the highs) on the 4 hour chart to see how the price behaved and to mark some levels which i see may be important in the future.

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Fib

1 day chart Kraken-fib - Dec. 4, 2016

12 hour chart Kraken-fib - Dec. 4, 2016

4 hour chart Kraken-fib - Dec. 4, 2016
With the fib on the price seems to be in a accumulation zone between the 0.00021 and the 0.00023 fib zone with occasional spikes to the 0.00026 levels.

What to expect next?

I see 3 possible scenarios, the first one(green) being the push into the next accumulation zone, the 23-26k levels, and break into new local highs after that.
The 2nd one (pink) being further accumulation in the same zone we are now with a slow downtrend,
The 3rd one(red) being a steady drop into lower levels and testing the supports along the way to the all time lows for more accumulation.

COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!

If anyone has any questions or need's help fell free to ask, I will try to explain as fast and as best as I can.
Critics, comments, reply's, counters, advice's, etc. are always welcome!
Have my charts helped you in any way?Let me know with a comment below :)
Are there more people who are doing TA?
Please post the links to your TA's posts into the comments as well!

DISCLAIMER
I am showing multiple scenarios on the price movement, in the post itself I do not take any stance, either bullish or bearish. I am not responsible for neither you’re winning nor you're losses upon trading! the "comment" section is my personal opinion and does not mean I have to or do hold any positions in the given market.
Everyone who uses TA develops his own unique charting style, please keep that in mind.

Kind regards, OZ :)