On this 1-day chart we have a 3-day life cross (150-day moving average crosses the 600-day moving average). We're about to test support, if you're lucky 27 cents, ideally 30 cents - afterwards you'll not catch it - a bit like January 22nd.
Weekly chart, all good - we need to confirm support on the the 21-week moving average (yellow line).
Weekly chart, all good - we need to confirm support on the the 21-week moving average (yellow line).
Note
Looks like we're on our way back to test support at 30 cents. Healthy pullback.Trade active
130 days later price action breaks out from resistance.Note
There's 48+ hours to go until the month end - however it does no harm to scan through the monthlies, 2-month and quarterly charts to see if there is signals that might give us an advantage.Monthly Dragonfly DOJI's are powerful especially when price action bounces off the the 21-month moving average (yellow line). Bitcoin printed such a signal recently @ $9k.
So far I've identified 4 alt-coins showing those signals on the monthly chart. Icon is one of them.
Trade active
You want to know what a strong quarter 1, 2021 alt-coin position look like? This is it. A monthly dragonfly DOJI with confirmed support on the 21-month (yellow) and 30-month (Red) moving averages.Of all the alt-coin positions I've studied this is 1 of 4 I've found. Will publish the others soon.
Note
Today price action made a convincing move past resistance on the 1-day chart. This resistance is significant. See bottom chart; only when you zoom out you see this resistance has been active since August 2018! Today’s breakout together with the monthly chart above suggests a significant move is coming and possibly a reward for all the hours of study that has gone into this idea!Year wide 1-day chart
Zoomed out daily chart.
Trade active
3rd time lucky - powerful move through resistance.Trade active
Icon super cycle about to begin!Trade active
Can't be bother writing a new idea -
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.