Hello Crypto Friends! Hope all is well. Let's see how ICX is doing on the 4 hour charts.
As you can see on our charts circled in green, we had our Golden Cross between the moving averages around April 17th and it's been a steady climb up the hill to our Fib Retracement level target of $4.27. We hit resistance at $4.90 and and came back to take a breather at the $4.27 range. We did see a dip in our purple trend line and the 50 day moving average which has been our current support lines, but ICX bounced back up above. MACD looks like it want's to move bullish but we'll wait out for the volume to consolidate and pick which way the trend will go. We'll keep a close watch and provide updates to see which way ICXUSD will swing. Stay tuned.
Hit the Like Button and give us a follow if you liked our analysis.
We are currently long on ICXUSD.
Dates to keep an eye on for ICX:
1. Launch of ICONest webpage: May 11th.
2. ICX/ETH Decentralized exchange launch: June 30th.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.
As you can see on our charts circled in green, we had our Golden Cross between the moving averages around April 17th and it's been a steady climb up the hill to our Fib Retracement level target of $4.27. We hit resistance at $4.90 and and came back to take a breather at the $4.27 range. We did see a dip in our purple trend line and the 50 day moving average which has been our current support lines, but ICX bounced back up above. MACD looks like it want's to move bullish but we'll wait out for the volume to consolidate and pick which way the trend will go. We'll keep a close watch and provide updates to see which way ICXUSD will swing. Stay tuned.
Hit the Like Button and give us a follow if you liked our analysis.
We are currently long on ICXUSD.
Dates to keep an eye on for ICX:
1. Launch of ICONest webpage: May 11th.
2. ICX/ETH Decentralized exchange launch: June 30th.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.