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ICON / TetherUS

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ICXUSDT trade ideas

Ascending asymetrical triangle ICX has already tested the triangle resistance several times, the chart pattern shows we're into a trend of lower highs and eventually I think price will break out. As you can see there was a fake one but I'm convinced that this triangle will go up, even because ICXBTC pairs is into another kind of triangle but always a bullish one. The fact that there was a double bottom below the 0.618 Fib level makes me think that the retracement is over and now we're into another leg up. Off course this is valid only if BTC doesn't go crazy. To be totally sure the breakout has happened check and see if the price goes over past high. South Korean government is still using this blockchain and now is expanding it's use so I expect ICX value to reach and probably go over his own ATH of 2018
Long
by Shotokhan
Icon ICXUSDT - Head and Shoulders + Symmetrical triangle- Icon (ICX) Rank 77 on coinmarketcap is increasing every week. - South Korea government use ICON coin as enterprise adoption and solutions. - Market Cap $1,166,202,128 ### 24h volume $101,688,807 ### Max Supply: Infinite. - The price is above the HaS neckline and currently forming symmetrical triangle - bullish continuation pattern. - Expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - For more information, please check my signature below ↓ - 3th Elliott impulse wave is now in progress, we do not really know, how strong the 3rd wave is going to be. - Profit target is below ATH level, but of course, after a retracement - I am expecting new all time highs! - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
36
ICXUSDT (ICON) - POTENTIAL BREAKOUT ANALYSIS 🔎 - ICXUSDT is consolidating in a symmetrical triangle (ST) pattern . - A relatively big move is imminent. - There's a breakout potential. BUY ENTRY ⬆️ - Conservative entry : breakout above the symmetrical triangle's inclined resistancenamd horizontal resistance level (R1). - Aggressive entry : market price. TARGETS 🎯 - Horizontal resistance level (R2). - Horizontal resistance level (R3). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the symmetrical triangle's inclined support.
Long
by Chibuike_Odoh
6