lordlambo

ICX/BTC BREAKOUT? [ASCENDING TRIANGLE + FALLING WEDGE]

Long
lordlambo Updated   
BINANCE:ICXBTC   ICON / Bitcoin
On LTF, we see that it broke out of and retested the ascending triangle it was painting.

The measured move for this is not large, about 10%, however breaking out of the more dominant falling wedge is significant.

If it decides that it wants to break out it should go much higher than 4.1k sats, at the very least retest the top at 6k.

We will need to be patient and see if they want to send it. Books look somewhat thin.
Comment:
First target reached, there is a possibility of testing the falling wedge resistance line (white) before continuing upwards.

Some bullish news appears to be coming out before the end of the month.
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.