ICXBTC idea retrace buy zone

ICX just reached feb 26th's high, 4H RSI and stochrsi indicators are both overbought, rising wedge, MACD 4H about to cross and go down

a lot of new for ICX, but needs to retrace. 2 potential buy zones that I can see:
20 / 200 EMA zone, which is also 0.382 fib retracement level --> 0.0003489
50 / 100 EMA zone, which is also 0.618 fib retracement level --> 0.0003000

what do you think?

Yorum:

BTC is retracing, and so ICX broke the wedge to the downside, as expected. Let see where this goes, I will wait for BTC to stabilize before rushing in, BTC's movements in the next few days will tell us if 1st or 2nd buy zone

Yorum:

right on target, hit the 618 fib retracement and doesnt look like it will go lower:
- daily MACD about to cross
- bounced on RSI 40 level
- Daily TD sequential looking positive