ICX/BTC BREAKOUT? [ASCENDING TRIANGLE + FALLING WEDGE]
Updated
On LTF, we see that it broke out of and retested the ascending triangle it was painting.
The measured move for this is not large, about 10%, however breaking out of the more dominant falling wedge is significant.
If it decides that it wants to break out it should go much higher than 4.1k sats, at the very least retest the top at 6k.
We will need to be patient and see if they want to send it. Books look somewhat thin.
The measured move for this is not large, about 10%, however breaking out of the more dominant falling wedge is significant.
If it decides that it wants to break out it should go much higher than 4.1k sats, at the very least retest the top at 6k.
We will need to be patient and see if they want to send it. Books look somewhat thin.
Note
First target reached, there is a possibility of testing the falling wedge resistance line (white) before continuing upwards.Some bullish news appears to be coming out before the end of the month.
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