ICON / BitcoinLong
ICX/BTC following uptrend support line leading up to January 31
ICX is having a summit meeting on January 31st. As you can see the uptrend support line is very strong and every time it hits it, it has held thus far. With the previous mainnet launch, there was an extremely strong bounce off of the trend line but the resistance at 84xx-85xx was too strong and the position did not hold. With the upcoming summit meeting, some of the whales have unloaded their positions to take some profits already and as we come close to the end of the wedge that is forming with the previous all time high, I expect a strong bounce to at least the 85xx level. If it breaks this level we are headed above 100xx. ICX is a great platform that will enter the hearts of the South Korean crypto enthusiasts. It is already going to be listed on Korean exchanges and is complying with the Korean government regulations. By and hold for long :)
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