The MACD is showing the opposite trend when compared to the price and the RSI is closer to ICX being oversold. Is this potentially a trend reversal sign or is it too small of a time frame and not significant enough slope on the trend lines?
Currently, ICON is trading very close to the $3.3 support level, that is 127.2% Fibonacci retracement applied to the corrective wave after the breakout of the uptrend trendline.
Although price went below that level previously, the weekly close remains above. Throughout this month ICX/USD has already rejected that level and could repeat it once again, potentially...
