MyCryptoParadise

ICX/USDT Need to bouncing to continue the upward movement !!

BINANCE:ICXUSDT   ICON / TetherUS
πŸ’Ž ICX has undoubtedly captured significant attention in the market. Currently, it has perfectly broken out of the rounding bottom in the supply area with substantial volume. ICX is currently undergoing a retesting phase in the demand area, which precedes the supply zone.

πŸ’Ž If the retesting phase in the demand area proves successful, there is a likelihood that ICX's price will bounce, the probability of continuing its upward trajectory and reaching our target in the major supply area.

πŸ’Ž However, if ICX encounters difficulties during the retesting phase at the demand zone and struggles to maintain its position, resulting in a breakdown, the scenario shifts to a bearish movement.

πŸ’Ž In such a case, ICX may retracement to the next lower demand area. At this point, ICX would require a bounce to reclaim the area around $0.26 to sustain its upward movement. Failure to reclaim this area could lead to a continued downward movement, possibly returning to the strong support zone.

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