Chibuike_Odoh

ICXUSDT (ICON) - POTENTIAL BREAKOUT

Long
BINANCE:ICXUSDT   ICON / TetherUS
ANALYSIS 🔎
- ICXUSDT is consolidating in a symmetrical triangle (ST) pattern .
- A relatively big move is imminent.
- There's a breakout potential.

BUY ENTRY ⬆️
- Conservative entry : breakout above the symmetrical triangle's inclined resistancenamd horizontal resistance level (R1).
- Aggressive entry : market price.

TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.