ICON (ICXBTC) Touches Strong Support - Prepares To Move UP!
Updated
I am seeing many signals that point to a breakout for ICON (ICXBTC), which can be traded on Binance.
Let's take a quick look at those:
Note: A break of the 0.0000561 support level would invalidate the above signals.
The first strong resistance will be found at 0.0000716 or 0.0000868 (MA99) if it breaks-up with good momentum.
Weekly chart:
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Let's take a quick look at those:
- ICXBTC has now broken free of a long downtrend.
- Price hit Dec '17 low followed by a strong increase in trading volume. An increase in trading volume is indicative of an upcoming breakout.
- Price is now trading above EMA10.
- Bullish divergence on the MACD and RSI.
- These are enough signals... ICXBTC is about to move up.
Note: A break of the 0.0000561 support level would invalidate the above signals.
The first strong resistance will be found at 0.0000716 or 0.0000868 (MA99) if it breaks-up with good momentum.
Weekly chart:
Thanks a lot for reading.
Please hit like for more free analysis that can help you make better decisions when you trade.
Namaste.
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