I am seeing a clear cup and handle formation on the four hour chart. Also an article was just published that Pantera Capital a Crypto Investment Hedge Fund is holding large portion of ICX and am very bullish on this for the long term.
ICX looking to continue the alt run with a convincing break of 4350sat with the psychological cup and handle pattern.
Trade active with first target at 4800 sat where there was some choppiness before.
ICON is launching their much anticipated ico platform in less than a month on April, 30th.
Price has nearly retraced to the 0.236 fib level from its recent bull run.
Its currently sitting on an upward trend line, while forming the cup of a potential cup and handle.
It should face resistance at the 34k satoshi range, where the handle should be expected to form in...
#ICX ICON is showing strong support on the .236 and it's getting some volume.
DO not buy without stop loss. Personally I would set it around 27 on the fib.
I am not a financial advisor, just a dude playing a dude, disguised as another dude making observations.
Watching carefully to confirm a break up or down. If it breaks upwards, wait for confirmation with a candle above the previous resistance then we can expect to take profits according to the major fib levels. Ichimoku cloud showing that we have a kumo breakout and tk cross on the 30min and confirmed on the 1 hour. Note we are still in the cloud so market sentiment...
Relatively safe bet going into main net launch, at least 35% upside as it will likely break near term high as well as all time high -- going into mainnet launch on 1/24, followed by annual summit.
