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ICON Perpetual FuturesICON Perpetual FuturesICON Perpetual Futures
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ICON Perpetual Futures

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ICXPERP trade ideas

ICX ICON inverse H&SLooks like a textbook inverse H&S. On each movement volume increase the price was moving up. At the moment still below the neckline though, so even though it looks great, it can still fail. It looks like it needs Bitcoin' to break the 3900/3950. If the neckline breaks, we need to see volume increase as well. On the right we can see a green support, that one must hold to keep momentum. Otherwise we could see a retest of that upwards trend line. Even though this one looks much better than from my previous analysis, the setup back then was good as well. And still it failed. Safest play is waiting for a breakout, a pullback and buy at confirmation. Previous analysis:
BINANCE:ICXUSDLong
by botje11
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