ICX recently broke out of downtrend pattern on the daily.
Touched MA50 and currently above MA20, expecting squeeze between those 2 movinge averages (green & blue)
Now why do i anticipate a possible uptrend?
- Broken above MA20 with increasing volume (possibly with the start of Pre P-rep voting & staking).
- Bounced on MA20 (allso golden pocket on FIB retracement tool) after correction.
- Candles showing higher highs and higher lows.
- RSI broke above RSI resistance at 50 and 50 is validated as support now.
- RSI allso in uptrend.
- MACD showing uptrend.
At time of writing allready 81 million ICX staked and rising: tracker.icon.foundation/governance
If ICX breaks up, targets are:
TP1: 308 sat
TP2: 380 sat
This is not financial advice, DYOR and enjoy the show
Touched MA50 and currently above MA20, expecting squeeze between those 2 movinge averages (green & blue)
Now why do i anticipate a possible uptrend?
- Broken above MA20 with increasing volume (possibly with the start of Pre P-rep voting & staking).
- Bounced on MA20 (allso golden pocket on FIB retracement tool) after correction.
- Candles showing higher highs and higher lows.
- RSI broke above RSI resistance at 50 and 50 is validated as support now.
- RSI allso in uptrend.
- MACD showing uptrend.
At time of writing allready 81 million ICX staked and rising: tracker.icon.foundation/governance
If ICX breaks up, targets are:
TP1: 308 sat
TP2: 380 sat
This is not financial advice, DYOR and enjoy the show