Potential Cup & Handle
One way I see Icon playing out. Retraced to the 0.618 with a strong bounce. Now starting to break the downwards trend.
Daily time frame remains bullish , I think we could make it to $15-$20 before mainnet launch. Lets see if this plays out!
Daily time frame remains bullish , I think we could make it to $15-$20 before mainnet launch. Lets see if this plays out!
Note
Extended the Cup & Handle , looks like the 50 day MA is acting as strong support so this is a level that I am watching. Now would be a good entry point with stop losses set below the 50 day MA.
Also spotted what could be a falling wedge reversal if we measure off the closing four hour candles. Look for a break to the upside for a long trade.
Note
Looks like we are forming the cup and are breaking up. I still expect a bit of resistance at the 8700 Satoshi level which should form the handle. Then it should easily go up to 10000 satoshi's +
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