The price of the ICX cryptocurrency quoted for Bitcoin ICXBTC moves in a very technical manner at a four-hour interval. The price has already formed the first wave of the ZygZak double structure, the W wave, at 0.0008686, which will now be the technical resistance for further increases. The X-wave connector was also made, with a well at 0.0005309. The upward movement in wave A pushed the price above the golden , and the internal correction of the B wave tested this outburst.
Currently, the market is in the process of creating the last wave of growth C, which should break the W wave peaks at 0.0008685 and go towards the levels of 0.0009730 - 0.001050.
In addition, the price continues to move forward in the and every attempt to break the price from the channel is defended by demand.
The increase in during upward movements confirms the scenario. Only breaking the 0.0005309 level will be the first sign of a trend reversal.
TREND and IMPORTANT LEVELS:
Main trend: UP
Intermediate trend: UP
Daily trend: UP (continuation of the trend and the possibility of breaking higher after adjustment)
- for further increases - level 0.0008450
- for continuing correction - level 0.0006589
- for the continuation of declines - level 0.0005309
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