ICONShort
ICX/USDT - Potential Short Scenario
Hello Traders!
ICX is currently under the MA100 on the weekly timeframe and is testing the support level of $0.26.
Based on the analysis of senior timeframes, we can assume the continuation of the downtrend. In case of one more downward wave, the market has an excellent opportunity for medium-term purchases on the asset in the price range of $0.1145 - $0.1775.
The targets for such purchases will be $0.4125 and $0.5900.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ICX is currently under the MA100 on the weekly timeframe and is testing the support level of $0.26.
Based on the analysis of senior timeframes, we can assume the continuation of the downtrend. In case of one more downward wave, the market has an excellent opportunity for medium-term purchases on the asset in the price range of $0.1145 - $0.1775.
The targets for such purchases will be $0.4125 and $0.5900.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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