Hey friends, hope you are well and welcome to the new update on ICON (ICX) coin with Bitcoin pair. On a long-term monthly chart, the price action of ICX is completing the final leg of bullish harmonic Shark pattern and soon it will be entered in a potential reversal zone.
Buying And Sell Targets: The buying and sell targets according to Fibonacci sequence of harmonic Shark pattern should be: Potential reversal or buying zone: 0.00001981 to 0.00000742 btc Fibonacci projection or sell zone: 0.00003102 to 0.00005609 btc
Stop Loss: The potential reversal zone area that is up to 0.00000742 btc can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio: As per the above targets this trade has the profit possibility of 655% and as per the above-mentioned stop loss, the loss possibility is 62%.
Note: The idea above is for educational purpose only, do not take it as investment advice.