We can see ICON formed an s-h-s pattern and it is on SOS (sing of strength) according to the Wicoff principles. This increases the odds for ICON to claim.
It is creating a pennant also at SOS.
Volume is increasing inside this pennant in smaller timeframes what confirmes this accumulation. It will eventually have to decide whether it breaks upwards or downwards.
As we expect the bull run to continue until the Q1 2022, we can assume it will break upwards.
It will reach the $3.7 before it decides to keep on claiming or not. This will depend on updates in the project according to their roadmap or some news that might come across.
This is all we can say atm for this particular coin.
Appreciate the hard work by pressing like.
Happy trading,
Raf
It is creating a pennant also at SOS.
Volume is increasing inside this pennant in smaller timeframes what confirmes this accumulation. It will eventually have to decide whether it breaks upwards or downwards.
As we expect the bull run to continue until the Q1 2022, we can assume it will break upwards.
It will reach the $3.7 before it decides to keep on claiming or not. This will depend on updates in the project according to their roadmap or some news that might come across.
This is all we can say atm for this particular coin.
Appreciate the hard work by pressing like.
Happy trading,
Raf