According to my charting, ICON has broken its big downtrend.
It looks as if it has formed a big double bottom.
Volume has been good.
Weekly chart shows the MACD wanting to do a bullish cross.
Please reference the fib levels on this chart for potential targets.
Please feel free to comment on what you think about this observation. Maybe you see something that I do not.
Thanks!
Weekly MACD
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ccn.com/blockchain-for-35-million-users-koreas-biggest-insurance-firm-sk-partners-with-icon/ Recent bullish news - Korea's "largest insurance firm" partners with ICON. This coin has been forgotten by many due to the team not communicating that well in the past. However, there has reportedly been much improvement on that front. I think that ICX here is a BIG opportunity.
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The insurance firm signed a MOU, memorandum of understanding with ICON. Partnership is too loosely used in this space, trust me I know, haha!
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If we can sustain these levels, the daily may close as a bull hammer that followed up a bullish engulfing candle.
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So that candle did close as a bull hammer. We also opened the new daily candle above the 20 day moving average. Things are looking good right now.