Long

Icon (ICX) looks ready to run

Updated

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...

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Looks like we'll be testing upper resistance soon. Not sure there's enough volume yet to push through the sell orders. Watching closely

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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.

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Solid bounce off the resistance. Look for more price coiling and another challenge to the upside.

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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

sjb933

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