tangman

Does ICX want to break out?

Long
tangman Updated   
BINANCE:ICXBTC   ICON / Bitcoin
This crypto has been strong since the new year.

The chart speaks for itself, looking like it wants to make new highs against BTC.

If it breaks out of this ascending triangle, it could run.

Comment:
Against Ethereum, it has once again bounced off the lower rectangular support.


It is currently near a support area which could limit risk. Keeping pace with Ethereum is bullish; a long horizontal consolidation is bullish. As people get bored, this one could sneak away to the upside. I will be watching this for an opportunity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.