Everything is on the chart! ICX is on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months!!. We need confirmation end of the week. RSI is clearly oversold on the weekly! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH...
So ICX has had a rough time in the 2-3$ range for a long time now. Overall we are still up 2000% from a year ago, Steady does it ....... right ???
With big youtuber's like Bit boy giving icx the 1st place spot for underrated/ sleeping giants out of all of the altcoins it goes with saying hes not wrong.
Sitting at around 1 billion marketcap is TINY in this cycle....
Hello Crypto traders!
Today we will talk about ICON (ICXUSD), its price action from technical point of view and wave structure from Elliott Wave perspective.
Well, ICX is in a clear impulsive uptrend within a five-wave cycle from March 2020 lows and seems like the final (5) can be now in play after we noticed nice a complex W-X-Y corrective movement in wave (4)...
In a world of competing chains, the only way we see rapid growth with ICX and break this current trajectory (given the overall crypto macro landscape remains net bullish, and alt coins are in fashion), this would be the rough path to the previous ATH and new ATH with a rough fractal.
Sometimes you've just got to zoom out a bit and sit on your hands.
A zoomed in view of the icx fractal that I made a while back. The overall target for the giant cup and handle that icx is potentially forming over the past 3 years has an overall target of roughly $200. Don't hold me to this prediction, but I think it's worth having a bag if it happens. I'm GIGA BULLISH on all altcoins right now!
To predict the future, you need to look into the past. In the past, whenever we cross on the Stochastic RSI on the daily, we increase 84-300%. We are about to have a Bullish cross again. We also stayed strong above the 20EMA meaning bullish momentum!
I will not waste this trade coming up! It will be big!!
Check out the Altcoin season chart below (Crypto Total...
$ICX is trending sideways around $2.75 the next range breakout ($2.92) would activate a new price level at $3.85. For this however, more volume must come as in the previous jumps and the RSI must defend the 48.5.
#icon #ICXUSD #ICXUSDT #Cryptoart
Based on the idea that ethereum could hit a price point of $9,000 - $12,000. If the icx/eth ratio gets to similar levels as the last crypto market cycle, then I think icx could hit a price level of $100+ on a spike.