ICX (ICON) is moving in a well-shaped parallel channel on the weekly chart. It has been reacted well to an important level at $1.2 which is also a long-time dynamic support and the bottom line of the main channel. IF it bounces from this level and stabilizes above the EMA200 (Ideally at $1.4) we can expect the price to test the resistance at $2.5. The target price...
Quite bullish market structure. Has taken ~190+ weeks to form this, ICX is ready for a run, likely up to ~3.97 area before profit taking occurs... (1.618 fib level).. Lets hope we get a rally :)
ICX is about to breakout out of a 3 year down trend in the usd pair. A break above .618/.7 resistance zone around $2.80 would be confirmation. If ICX breaks this zone I would expect all time highs to be reached pretty quickly. Look at LRC/USD for comparison.
This baby has been a staple of mine for a couple of years now and boy am i excited for whats going to happen over the next few months.
Things to note:
1) Weekly TK cross about to happen.
2) Weekly cloud has just flipped green again.
3) 3D TK cross just occurred and has happened ABOVE the cloud (very, very bullish sign)
honestly. just hodl, we waited so many...
We have a rounded bottom accumulation which will culminate with a strong impulse in the next 2 months
I will not be surprised to see it reach above 10$ in December
👉Nice break of resistance and establishment of new uptrend
👉Break of trigger zone = new yearly highs
👉Enter on trigger break for safe entry or place orders in the lower half of demand zone for bounce
WHALE🐋
current view on $ICX
We broke out and retest successfully.
We are curently trying to break the resistance at ~2.5,
if we could flip it into support then we could expect it to go up faster.
Icon is looking extremely well here. Rounded bottom pattern which will skyrocket once completed
Believe me, the targets are realistic for this bull run
I hope you found the idea interesting:)
We can see ICON formed an s-h-s pattern and it is on SOS (sing of strength) according to the Wicoff principles. This increases the odds for ICON to claim.
It is creating a pennant also at SOS.
Volume is increasing inside this pennant in smaller timeframes what confirmes this accumulation. It will eventually have to decide whether it breaks upwards or downwards.
As...
The yellow targets are caculated using both Fibonacci retracements and extensions, technical chart patterns and past support/resistance lines. The right chart shows the weekly cup and handle on a logarthmic scale, resulting in more emphasis on extreme (low) values. Due to the logarithmic nature, the targets should be taken with a grain of salt, but could provide...
BINANCE
