Hi dear friends, hope you are well and welcome to another new update on ICON (ICX) coin.
Big triangle and an expected reversal:
On a long-term weekly time frame, the priceline of Icon coin is moving in a symmetrical triangle since Dec 2020 and sofar this support is not broken down.There is also a strong support of 100 simple moving average moving with the support to the upside, therefore, the triangle’s support is so strong and not broken down even after a year. The stochastic is also suggesting that the market of ICX has been oversold therefore a power reversal is possible very soon,
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Big triangle and an expected reversal:
On a long-term weekly time frame, the priceline of Icon coin is moving in a symmetrical triangle since Dec 2020 and sofar this support is not broken down.There is also a strong support of 100 simple moving average moving with the support to the upside, therefore, the triangle’s support is so strong and not broken down even after a year. The stochastic is also suggesting that the market of ICX has been oversold therefore a power reversal is possible very soon,
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade