ICON / TetherUSLong
🔥 ICX Oversold Bounce After Massive Run-Up
ICX has been one of the major winners of the last week. However, price action has been negative after topping out around $0.48.
With BTC seemingly bouncing, it seems that ICX is primed for a huge upward move, just like we saw a couple of days ago.
- ICX has hit hourly oversold for the first time in weeks. Hourly oversold in a strong uptrend is a great moment to enter.
- ICX has bounced off the 0.618 Fibonacci Retracement line, which is often a strong resistance.
I'm aiming for the orange and red lines as my targets (0.40 and 0.433)
With BTC seemingly bouncing, it seems that ICX is primed for a huge upward move, just like we saw a couple of days ago.
- ICX has hit hourly oversold for the first time in weeks. Hourly oversold in a strong uptrend is a great moment to enter.
- ICX has bounced off the 0.618 Fibonacci Retracement line, which is often a strong resistance.
I'm aiming for the orange and red lines as my targets (0.40 and 0.433)
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