ICX/BTC Weeky chart formation

Updated

ICX/BTC seems to be forming a rising wedge on the weekly chart. After the large downturn we see price made two higher highs which is acting as the resistance level of the wedge and two higher lows with a couple close touches. Although it is a week rising wedge the decreasing volume is what is making me believe this could be the case. I don't think we will see any significant movement outside of this wedge formation for the next month or so.

Happy Trading
~Laika

Note

ICX/BTC fell through support earlier than I had thought.

Laika57

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