ICX looks like it could break out soon. Can see an ascending triangle pattern forming on the 4hr with a strong upward trend, confirmed by the strong support shown in the ichimoku clouds (crypto settings). Additionally there's a golden cross forming on the MACD, and a bounce off 40 on the RSI leaves room for movement.
Note
Solid bounce off the bottom trendline. Watching for volume spike...Note
Looks like we'll be testing upper resistance soon. Not sure there's enough volume yet to push through the sell orders. Watching closelyNote
Price is still going up, but at this point I think another bounce off the resistance is more likely. I don't yet see enough volume in the books to break the sell orders. If top-line resistance breaks, expect the rally to continue.Note
Solid bounce off the resistance. Look for more price coiling and another challenge to the upside.Note
Doesn't look like we'll get the dip into the projected buy zone. Forming a pennant sub-pattern here. Looking for breakout of the pennant with enough momentum to break the upper resistance of our triangle.Trade active
Resistance Broken
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.