ICX has already tested the triangle resistance several times, the chart pattern shows we're into a trend of lower highs and eventually I think price will break out. As you can see there was a fake one but I'm convinced that this triangle will go up, even because ICXBTC pairs is into another kind of triangle but always a bullish one.
The fact that there was a double bottom below the 0.618 Fib level makes me think that the retracement is over and now we're into another leg up. Off course this is valid only if BTC doesn't go crazy.
To be totally sure the breakout has happened check and see if the price goes over past high. South Korean government is still using this blockchain and now is expanding it's use so I expect ICX value to reach and probably go over his own ATH of 2018
The fact that there was a double bottom below the 0.618 Fib level makes me think that the retracement is over and now we're into another leg up. Off course this is valid only if BTC doesn't go crazy.
To be totally sure the breakout has happened check and see if the price goes over past high. South Korean government is still using this blockchain and now is expanding it's use so I expect ICX value to reach and probably go over his own ATH of 2018
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ICX is pumping against despite BTC is dragging market down. At 1h the candlestick is over the ichimoku cloud, at 4h is at resistance (not shown here). If it goes over the the 4h resistance it'll probably break out
Comment:
last three lows formed a "three little indians" pattern and indeed, the last one resulted in a bigger bounce, now over the triangle's resistance!
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Congrats if you followed my TA you're in profit right now. I think that after current retracement price will go over my previous target (assuming market doesn't go red) however if you sold at the top you made at least +28% and you're still in profit despite the retracement.
Trade closed: target reached:
we're currently +39% since my call and +39% since breakout. Very good! I've an ICX bag since 2018 and I think it'll go over its past ATH (around 6$) because it's a coin with a real life usage in Korea. However my short term target has been reached so, if you entered for short term you can sell. Congrats if you followed my call!