ICX has lifted off major support and is poised for a price increase of up to 240%.
The conditions of this trade are a stable bitcoin and a continuation of the bullish altcoin conditions seen recently.
ICXUSD ICON BROKE DOWN ON CRITICAL SUPPORT LEVEL!
ICON fulfilling the head and shoulder bearish pattern! Further consolidation is possible but It must Hold 200MA, otherwise icon will see more blood and hit around 0.3 levels
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Hey, I am back with another Crypto Analysis.
Today I took good profits out of Dot coin, over 50, I've been more greedy than usual in this trade.
I think it still has potential to rise, but I expect at least a correction.
Enough about Dot as we don't have much time as ICX is trying to break the downtrend line.
So this should be pretty quick trade, buy in the...
Can ICX break 45 cents resistance ?
ABSOLUTELY In my opinion. But first we have to breach the overhead resistance which is currently at aprox. 41 cts.
If ICX manages to pass the 2 year long resistance at 43-45 cts and hold it for a couple of days, the price will see a massive spike to 1-2 USD easily within a few weeks.
Thats just my own opinion based on chart...
This is my idea for ICON ICX. I see a lot of potential in this coin.
Fundamentals and Chart look awesome. In the beginning of 2020 the price went from 0.10 USD to almost 0.60 USD.
Since then we have seen a steady decline in price and volume.
After a quick selloff in March the price has been trending up along the lower trendline.
We should see a clear...
We have a beautiful Butterfly pattern which started from February 6th, 2019 and ended to January 3rd, 2020.
We reached our first target to the neckline (TARGET 1 at 50% Fibonacci). We should get a correction before going to our second target at ~0.45$ (TARGET 2 at 100% Fibonacci).
I think we should hit our third and last target at ~0.67$ (TARGET 3 at...
Two descending scallops in a row! Will this pattern continue with a third? Small bullish upside expected in the near/short term due to the formation of this chart pattern, as can be seen on the first descending scallop.