robkarels

ICON ICX long term targets

Long
BINANCE:ICXUSD   ICON
The yellow targets are caculated using both Fibonacci retracements and extensions, technical chart patterns and past support/resistance lines. The right chart shows the weekly cup and handle on a logarthmic scale, resulting in more emphasis on extreme (low) values. Due to the logarithmic nature, the targets should be taken with a grain of salt, but could provide guidelines when a parabolic surge occurs (e.g. ICE launch)
NFA.

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