Hi, today we are going to talk about Iconoclast.
The ICX has been showed interesting patterns, such an engulfing six days ago, followed by a breakout of Downtrend Lines. However, the ICX it's facing an old and strengthened Downtrend Line, that resistance gives the need for restraint and cautions for trades because its a definition zone to the continuation of the Bullish movement or the beginning for a corrective movement from the Bears.
Thank you for reading and leave your comments if you like.
The ICX has been showed interesting patterns, such an engulfing six days ago, followed by a breakout of Downtrend Lines. However, the ICX it's facing an old and strengthened Downtrend Line, that resistance gives the need for restraint and cautions for trades because its a definition zone to the continuation of the Bullish movement or the beginning for a corrective movement from the Bears.
Thank you for reading and leave your comments if you like.
Trade closed: target reached