Here is Iconomi, an unknown coin for me, but an interesting one though. I'd like some comments if you know this coin.
What a violent vertical pump it had last summer! Will it do again?
Here is a closeup of 2018, and I have labeled up the correction as the pink ABCDE Elliot wave. If this count is correct we are now doing the final leg down, the red e subwave of pink E. RSI show a bearish hidden divergence, giving strength to this count.
The January high can be first wave up in a higher degree Elliot wave, and for this to turn true we cannot go below the green band.
I am going to watch this ICN for a potential 10x profits through the summer.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
If you'd like my technical analysis on another coin, please ask in the comments.
Comments are highly appreciated, and please
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