FILOVIRUS

ICX - Caution: Possible Incomplete Corrective Wave

BINANCE:ICXBTC   ICON / Bitcoin
INTERPRETATION
BINANCE:ICXBTC             may seem like comfortable entry but please take caution of the possibility of further correction. With the positive buy markers (ie Tenkan & Kinjun positions, cloud buy pressure w/positive price, all-time-high approach) it can be easy to have some oversight. If the suspected prediction above hold true, then expect the price to gradually increase towards the all-time-high followed by a downward movement to complete final corrective wave before restarting the cycle.

POSITION
none
Trade ist aktiv: INTERPRETATION
As suspected, there was an additional correction period. The next prediction is the start of a new Elliott Wave cycle. If this is true, then expect a large bullish run.

BUY SIGNALS
-upcoming green cloud (buying pressure)
-possible end to Corrective Wave

CAUTIONS/CONFIRMATION
-red cloud support breakout resisted



POSITION
Entry @ 7200-7500 (if all buy signals present)

snapshot
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