Long term up-channel:
The price action is moving in a long-term on weekly chart and reached at the resistance. also having good supports of 10 and 21 as well.
Support and resistance levels and SMAs:
The price action of ICX coin is rejected by $0.65 and moving between $0.55 to $0.65 level. If the price action will break out the $0.65 resistance then on long-term there is not significant resistance up to $2. 40 . The price action also has good support of SMAs with the time period of 25, 50 and, 100.
Simple moving averages on daily chart:
Simple moving averages on , with the time period of 25, 50, 100 and, 200 are moving above the price action of ICON and 25 is likely to cross down the price action.
On the long-term weekly chart, the price action had a powerful resistance of cloud but now the cloud is turned , so now the priceline may break out this cloud.
This move can be like Ethereum when the price action of ETH found weak resistance of on the weekly chart, then it broke out this cloud with powerful .
Even though on long-term the price action of ICON is having strong resistance of an up-channel but from small to long-term the priceline of ICX is turning . Once the channel on the channel on the weekly chart will be broken out then the priceline may start a powerful bull run soon.
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