After bouncing off the demand zone, ICX continues to find resistance near the 1100 area. The slow-moving EMA as well is proving to be tough resistance and seeing that we have broken down from this supply zone, we can expect a retest of the support area below and possibly get back down to the FIB level/trendline before resuming its move higher. ICX overall does...
Technical analysis: . ICON/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . Price is in the support zone...
Technical analysis: . ICON/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . Price is in the support zone...