✳️ ICON All-Time Low, 5 Years Long RSI Bullish Divergence

20 févr.

Last week closed as a Doji... This wouldn't be much taken in isolation but when we consider what the rest of the Altcoins market is doing it can become a pretty strong signal; When considered in combination with the other signals I am about to share.

How are you feeling today?
Let's get started...

➖ ICON (ICXBTC) hit a new All-Time Low last week and this is always good news.
Once we hit bottom...

To start, we have a more than 2 years long falling wedge pattern, a giant one:

➖ ICXBTC has been dropping since late January 2018, hitting bottom last week.
The RSI bottomed August 2019 and has been producing higher lows...

That's a more than four years long bullish divergence.

I do not think we have to dig deeper.
Look at it in this way, it is only a matter of time before this pair turns. Seeing that it has been bearish for so long, the next bullish phase can be something "off the chart."

We have to wait and see but everything is possible.
Just as Bitcoin is doing great and we are not in the bull-run phase, the rest of the market can emulate Bitcoin and produce massive growth in 2025 and 2024.

Prepare accordingly.
This type of opportunity isn't likely to repeat in many years.

Namaste.