lordlambo
Long

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

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.

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