ICON is Breaking from the Cup and Handle Breakout Pattern!
Hey, I am back with another Technical Analysis, this time taking look at ICON.
So, Yes I have seen this Cup and Handle few days ago but I wasnt sure if its gonna lead to breakout due to incoming sellers and MACD giving bearish signal.
ICON is a token with a rank of 18 in the Crypto market.
Looking at the chart, there is clear Cup and Handle with breakout happening, ressistance of 4.600 was succesfully broken. Currently there is really a lot of Cup and Handle patterns in this market.
Taking look at indicators.
MACD gives clear buy signal, RSI is really high which shows high demand.
What more to say.. Buy now or regret later. By buy now I mean find a good position!
Hope I made your view on whats going on with ICON somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
So, Yes I have seen this Cup and Handle few days ago but I wasnt sure if its gonna lead to breakout due to incoming sellers and MACD giving bearish signal.
ICON is a token with a rank of 18 in the Crypto market.
Looking at the chart, there is clear Cup and Handle with breakout happening, ressistance of 4.600 was succesfully broken. Currently there is really a lot of Cup and Handle patterns in this market.
Taking look at indicators.
MACD gives clear buy signal, RSI is really high which shows high demand.
What more to say.. Buy now or regret later. By buy now I mean find a good position!
Hope I made your view on whats going on with ICON somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Comment:
Just be patient.