ICX - Building for Breakout (SMA, Golden Ratio, Falling Wedge)
ICX is providing a great opportunity for an entry.
- 30 day SMA is nearing the golden ratio cross on the weekly timeframe.
- Stoch RSI is in oversold territory under 20.
- Overall Weekly Falling Wedge pattern, when broken should provide an explosive exit out of the channel
A realistic approach has been taken with targeting the 0.618 on the fib retracement. Historically this level has provided a good target on alt-coins.
Overall ICX is showing a great potential for a nice trading during this bull cycle and definitely one to keep an eye on over the coming weeks.
- 30 day SMA is nearing the golden ratio cross on the weekly timeframe.
- Stoch RSI is in oversold territory under 20.
- Overall Weekly Falling Wedge pattern, when broken should provide an explosive exit out of the channel
A realistic approach has been taken with targeting the 0.618 on the fib retracement. Historically this level has provided a good target on alt-coins.
Overall ICX is showing a great potential for a nice trading during this bull cycle and definitely one to keep an eye on over the coming weeks.