ICX after breaking the $1.34 resistance, icx been grinding up towards April high.
While printing higher high and lower within is a rising wedge pattern, the Resistance line is yet to be validated. Every dips bouncing of 0.702-0.786 fib.
A rising wedge is formed when the price consolidates between upward sloping support and resistance lines.
Here, the slope of the support line is steeper than that of the resistance.
This indicates that higher lows are being formed faster than higher highs. This leads to a wedge-like formation, which is exactly where the chart pattern gets its name from!
With prices consolidating, we know that a big splash is coming, so we can expect a breakout to either the top or bottom.
If the rising wedge forms after an uptrend, it’s usually a bearish reversal pattern. However giving where the market is at, I’ve seen plenty of rising wedges break out upwards
ICX/USDT currently trading at $2.39
The ideal buy zone would be under 2.15$
Invalidation point = below $1.88 daily base
Potential targets 2.68 – 3.04 and moon long term
ICX/BTC
The real party start for icx is once icx flipped 0.000050k sat as support expect icx tp push towards $5+
While printing higher high and lower within is a rising wedge pattern, the Resistance line is yet to be validated. Every dips bouncing of 0.702-0.786 fib.
A rising wedge is formed when the price consolidates between upward sloping support and resistance lines.
Here, the slope of the support line is steeper than that of the resistance.
This indicates that higher lows are being formed faster than higher highs. This leads to a wedge-like formation, which is exactly where the chart pattern gets its name from!
With prices consolidating, we know that a big splash is coming, so we can expect a breakout to either the top or bottom.
If the rising wedge forms after an uptrend, it’s usually a bearish reversal pattern. However giving where the market is at, I’ve seen plenty of rising wedges break out upwards
ICX/USDT currently trading at $2.39
The ideal buy zone would be under 2.15$
Invalidation point = below $1.88 daily base
Potential targets 2.68 – 3.04 and moon long term
ICX/BTC
The real party start for icx is once icx flipped 0.000050k sat as support expect icx tp push towards $5+
