BTC. Down break of the 5-day consolidation
13 August 2019

Industry news:
Blockchain interoperability network ICON has announced a token giveaway in the run-up to its eagerly anticipated community elections. 3 million ICX tokens (about ~$600,000 USD) will be disbursed to members of the ICON community throughout the pre-voting period, which commences on August 26.

Daily view:
Name: b-p-130819.jpg Views: 15 Size: 73.7 KB

Based on the 4H time-frame, I found new momentum on the MACD and Stochastic oscillator, which is sign of the underlying bearish pressure. I also found failed test of the resistance at the price of $12.350, which is good confirmation of the weak buying.


Trading recommendation:
According to current condition, my advice is to watch for selling opportunities with the downward targets at the price of $10.620 and $9.40,


Name: s_jacimovic.png Views: 12 Size: 4.8 KB
Performed by Petar Jacimovic
Analytical expert
InstaForex Group © 2007-2019