ICON / TetherUS
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ICX Multiple scenarios

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ICX has to make a move very soon

Now, what do we see?

Big picture shows we are at the end of the triangle, so a big move is just a matter of time.

Bearish signs:

* Ascending wedge (66 days)
Low volume
Overhead MA resistance (MA 20-100)
MACD trend is down

Neutral signs:

RSI straight at the 50 level

Bullish signs:

* Bullish pennant (114 days)
Above and supported by MA50 and MA200 support
MACD and momentum possible trendchange

Advice: no trading zone at the moment.
- Set your SL tight at the bottom of the triangle or under the MA50
- Set your alarm at the top of the triangle and get in poistion when it breaks above
Nota
Follow-Up chart 4h - still in motion

ICX - Textbook pattern

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