moon333

ICXUSDT formed bullish Cypher | Upto 167% move expected

Long
BINANCE:ICXUSDT   ICON / TetherUS
Hey friends, hope you are well and welcome to the new update on ICON (ICX) coin.
On a long term monthly chart, the price action of ICX has completed the final leg of bullish harmonic Cypher pattern and entered in a potential reversal zone.

Buying And Sell Targets:
The buying and sell targets according to the Fibonacci sequence of harmonic Cypher pattern should be:

Potential reversal or buying zone: $0.3720 to $0.2557

Fibonacci projection or sell zone: $0.4636 to $0.6829

Stop Loss:
The potential reversal zone area that is up to $0.2557 can be used as stop loss in case of complete candlestick closes below this level.

Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 167% and as per above-mentioned stop loss, the loss possibility is 31%.

Note: The idea above is for educational purpose only, do not take it as investment advice.

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