ICON / BitcoinLong
ICON (ICX) Technical Analysis after 6 week downtrend
Icon is a Coin to be on the watchlist. Not just because of the great project and team behind it but because of the Movement.
It broke out of its bullish pennant and is currently in an ascending triangle. The oscillators are giving very bullish signals. What is missing unfortunately is a higher volume to signal a reversal in trend. If the support breaks, the next support will be at 26000 sats (0.786 fib retracement).
It broke out of its bullish pennant and is currently in an ascending triangle. The oscillators are giving very bullish signals. What is missing unfortunately is a higher volume to signal a reversal in trend. If the support breaks, the next support will be at 26000 sats (0.786 fib retracement).
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