ICX recently broke out of downtrend pattern on the daily.
Touched MA50 and currently above MA20, expecting squeeze between those 2 movinge averages (green & blue)
Now why do i anticipate a possible uptrend?
- Broken above MA20 with increasing volume (possibly with the start of Pre P-rep voting & staking). - Bounced on MA20 (allso golden pocket on FIB retracement tool) after correction. - Candles showing higher highs and higher lows. - RSI broke above RSI resistance at 50 and 50 is validated as support now. - RSI allso in uptrend. - MACD showing uptrend.