$ICNT: Consider a rise after a pullback and confirmation of demand
The scenario is based on the upward structure of the daily and four-hour charts. The strong preceding move and elevated volume provide reason to watch for buyers on a pullback. It is too early to buy solely because the price is approaching a level.
The price has already tested the upper area of 0.336–0.350. For a deeper pullback, we’re marking support at 0.267–0.281, with an additional reference level at 0.2743 within that range. We’re also watching 0.3059 separately.
A buy requires signs of a change in direction on a lower-timeframe chart: a halt in making new lows, a break above the nearest local high, and support holding after a retest. Without such a reaction, these zones remain areas to watch.
If confirmed, the four-hour plan’s target is 0.46230. No timeframe has been set for reaching this level.
A four-hour candle close below 0.25892 invalidates this particular four-hour scenario. Deeper buys would require a separate plan; the invalidation level must not be moved lower as the price falls.
#ICNT #AVAX #BTC
The scenario is based on the upward structure of the daily and four-hour charts. The strong preceding move and elevated volume provide reason to watch for buyers on a pullback. It is too early to buy solely because the price is approaching a level.
The price has already tested the upper area of 0.336–0.350. For a deeper pullback, we’re marking support at 0.267–0.281, with an additional reference level at 0.2743 within that range. We’re also watching 0.3059 separately.
A buy requires signs of a change in direction on a lower-timeframe chart: a halt in making new lows, a break above the nearest local high, and support holding after a retest. Without such a reaction, these zones remain areas to watch.
If confirmed, the four-hour plan’s target is 0.46230. No timeframe has been set for reaching this level.
A four-hour candle close below 0.25892 invalidates this particular four-hour scenario. Deeper buys would require a separate plan; the invalidation level must not be moved lower as the price falls.
#ICNT #AVAX #BTC