Icon, the Korean Ethereum back in the day, one of the most hyped coins around here and one of those coins that went down 99%. From $12 all the way back towards ICO prices and that level has been defended a lot here.
Currently price made a double bottom structure at $0.11 and broke above the resistance of $0.125. Even further upwards movements were warranted in breaking the $0.145-0.15 resistance area.
Volume is starting to look strong and the higher timeframes of both the BTC and USDT pair start to look good here too.
Retest of $0.14 and $0.145 are levels to watch for potential entries.
Short term targets if these levels hold are defined around $0.18-0.185. Mid term target around $0.28-0.29.
Currently price made a double bottom structure at $0.11 and broke above the resistance of $0.125. Even further upwards movements were warranted in breaking the $0.145-0.15 resistance area.
Volume is starting to look strong and the higher timeframes of both the BTC and USDT pair start to look good here too.
Retest of $0.14 and $0.145 are levels to watch for potential entries.
Short term targets if these levels hold are defined around $0.18-0.185. Mid term target around $0.28-0.29.
Trade closed: target reached:
Target reached.
Target reached.