ICON / BitcoinLong
ICX/BTC looking for a path out of Resistance
ICX/BTC stamped in a bottom and is beginning its uptrend out of a bigger falling wedge.
It seems to be consolidating in between the upper and middle Bollinger Bands, which is also in between Fib levels 0.786 and 0.618.
I think ICX will consolidate in between these levels until it reaches the apex from the new green trend line and the falling wedge resistance line.
If ICX fails to follow the green trend line, it will have support from the blue dotted line.
Good Luck!
It seems to be consolidating in between the upper and middle Bollinger Bands, which is also in between Fib levels 0.786 and 0.618.
I think ICX will consolidate in between these levels until it reaches the apex from the new green trend line and the falling wedge resistance line.
If ICX fails to follow the green trend line, it will have support from the blue dotted line.
Good Luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.