Although diamonds are pretty, these kinds of diamonds are not:
ICX had a very nice bounce off the bottom with a nice spike in volume but ever since then has not followed through and our indicators are telling us that. Volume is also diminishing which is always bad when following a run up. We did retest the 38% retracement on the fib after the run up, but only to move up to make a higher high with severe levels of bearish divergence on your MACD and RSI. In the process, it's looking to complete what looks to be a bearish diamond top formation, which makes sense given our oscillators. The breakdown, nicely enough, would take you to your 68% fib target at .66 cents.
After that, we cant really say what it will do at this time so we will see how ICX acts once we start heading down to that area.
Hope you took some profits on ICX lately because it seems a move down is very likely.
With the price above the ichimoku cloud, and the volume flow showing strong accumulation, I'm
somewhat bullish, not enough to buy because I don't trade on Binance, but the charts look like a move up is likely.
Momentum also shows an upside bias.
-The ฿itcoin Profiteer
Yes, your chart looking a little more bullish than mine for sure. I haven't traded the cloud lately but I will definitely keep an eye on it more often. I guess we've bearish for so long that its programmed to think bear first :) Maybe both our charts are right. We could break down and touch the top of your Senkou, and then run back up :) I guess we'll see
NexusBot.io - Best Crypto Trading Bot
Welcome to NexusBot.io