ICX/BTC In a large triangle Long timeframes show local upward movement Waiting for the rollback to the support line of the triangle with the upward breakdown
After bouncing off the demand zone, ICX continues to find resistance near the 1100 area. The slow-moving EMA as well is proving to be tough resistance and seeing that we have broken down from this supply zone, we can expect a retest of the support area below and possibly get back down to the FIB level/trendline before resuming its move higher. ICX overall does...
Technical analysis: . ICON/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . Price is in the support zone...
Technical analysis: . ICON/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . Price is in the support zone...