💎 ICX has undoubtedly piqued our interest. Recently, ICX managed to break free from the consolidation phase and also surpassed the supply zone. This ascent was marked by a significant upward surge, bypassing the initial need for a retesting phase.
💎 However, ICX faced a stern rejection at the supply zone ranging from $0.210 to $0.216. It's plausible that ICX might retreat for a retesting phase, eyeing the Demand level at $0.188 or the lower timeframe (LTF) demand at $0.185.
💎 Upon reaching this demand zone, it's crucial for ICX to rally, crafting a bullish rejection candle to signal readiness for a resurgence and another attempt at breaching the supply zone.
💎 However, there's a downside risk. If ICX reaches the demand zone but fails to forge a rejection candle, instead crumbling through the demand level, it could spell a bearish phase for ICX. This scenario could potentially drive the price further down toward a robust support level, or even as low as the key support threshold.
💎 However, ICX faced a stern rejection at the supply zone ranging from $0.210 to $0.216. It's plausible that ICX might retreat for a retesting phase, eyeing the Demand level at $0.188 or the lower timeframe (LTF) demand at $0.185.
💎 Upon reaching this demand zone, it's crucial for ICX to rally, crafting a bullish rejection candle to signal readiness for a resurgence and another attempt at breaching the supply zone.
💎 However, there's a downside risk. If ICX reaches the demand zone but fails to forge a rejection candle, instead crumbling through the demand level, it could spell a bearish phase for ICX. This scenario could potentially drive the price further down toward a robust support level, or even as low as the key support threshold.
Trade active
Another win! #ICX up 19.53%, as forecasted!
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.