ICON (ICXBTC) Touches Strong Support - Prepares To Move UP!

Dec 19, 2018

I am seeing many signals that point to a breakout for ICON (ICXBTC), which can be traded on Binance.

Let's take a quick look at those:

• ICXBTC has now broken free of a long downtrend.
  
• Price hit Dec '17 low followed by a strong increase in trading volume. An increase in trading volume is indicative of an upcoming breakout.
  
• Price is now trading above EMA10.
  
• Bullish divergence on the MACD and RSI.
  
• These are enough signals... ICXBTC is about to move up.
  

Note: A break of the 0.0000561 support level would invalidate the above signals.

The first strong resistance will be found at 0.0000716 or 0.0000868 (MA99) if it breaks-up with good momentum.

Weekly chart:

Thanks a lot for reading.

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Namaste.

Dec 19, 2018

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