π ICX has undeniably attracted significant attention in the market with the formation of a double-bottom pattern.
π There is potential for ICX to attempt a breakout above the resistance neckline of this pattern. A successful breakout could pave the way for significant upward movement towards our target strong resistance area.
π However, if ICX fails to break above the resistance, there is a possibility of rejection, leading the price back to the support area around 0.285 to gather new momentum.
π ICX must bounce from the support area to make another attempt at breaking above the resistance of the double bottom pattern. Failure to bounce, or worse, a breakdown below the support, could signal further downward movement for ICX.
π There is potential for ICX to attempt a breakout above the resistance neckline of this pattern. A successful breakout could pave the way for significant upward movement towards our target strong resistance area.
π However, if ICX fails to break above the resistance, there is a possibility of rejection, leading the price back to the support area around 0.285 to gather new momentum.
π ICX must bounce from the support area to make another attempt at breaking above the resistance of the double bottom pattern. Failure to bounce, or worse, a breakdown below the support, could signal further downward movement for ICX.
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Follow a team of traders with 10+ years of experience?
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