Icon- The Coin of 2018, Ready for a Breakout?

in #trading2 years ago

Icon has definitely helped a lot of people who made a lot of money by investing in the ICO. But as of now it is still a good buy. I truly believe that ICON will be one of the top contenders for 2018. Adn thanks to the Bitcoin bearish movement, it has given us non ICO investors a second change. Honestly Technical Analysis should not even matter for a long term hold , but for those traders who want a quick profit , or want a good entry points this post is for you.

Let's Get Started

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Currently it's trading at 0.00038305, it should hold this support. If it breaks and goes below 0.00036415 it may go lower and making it a better buy opportunity. But looking at the potential of this coin. The current price is good. Once it breaks 0.00040240 level we may see this coin flying. Currently there is a bollinger band squeeze and if the support is strong a breakout may be possible.

The next resistance is at 0.00050519.

This is not financial advice , please do your own research.


Do Let me know your comments and suggestion in the comment section!

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Nice analysis! And yeah if the BBs tighten up we should see some sort of a breakout to .0005 sats! Followed you since I just did a TA update for crypto as well!

Thanks man. Your analysis on Bitcoin looks good, hopefully the fib level is truly the last support for this down trend.

Yep hopefully!


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