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ICX - Could EXPLODE Upward And Here's Why 🧐

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ICX is at a pivotal juncture.

Price has already tested the 200Dma and selling pressure should now be weakened.

In addition ICXBTC is in exactly the same scenario - testing the 200Dma and a clear domed bottom.

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Back to ICXUSD and price has breached distribution resistance.

It could really pump here or soon - also depending on BTC.

Not advice.

註釋
This is such an interesting chart now because this was a clear impulsive breakout well in progress. It had gone too far to be a fakeout I think. And then BTC causes a bigger downside sell off.

If price does get above 200Dma then I will expect a big surge upward, but if it looks weak around this area I will exit.

I think it goes higher because the sell off interrupted a clear impulsive wave in progress and if BTC drifts up in recovery (to probably fail) then ICX can have a final surge.
註釋
/BTC finds support on 200Dma. I think /BTC gets to 0.5/ 0.618.

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註釋
ICX already punching through the local top and 100Dma again. I think this will have some good pop soon enough.

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註釋
What did I say...

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😄

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註釋
ICX looks ready to have another surge upward whenever BTC drifts up.

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