- The RSI has shown strong recovery concerning the coins price action
- The ICX/BTC pair was trading at 0.00004945 BTC with a gain of 12.06 %
- The 24hr trading volume in the ICX coin is $356.8 Million
The ICX coin displayed a Cup and Handle pattern in the daily time frame chart. The crucial resistance for this pattern was at the $2.3 mark, and the price has provided a strong breakout from this level. However, the crypto traders should be patient till the candle closes above the level to confirm the breakout.
The crucial EMA’s of ICX Coin indicates a solid bullish trend, with its price moving higher than the 20, 50,100, and 200 EMA.
The RSI (BULLISH) value is at 57, indicating a strong bullish momentum in the coin. Moreover, the RSI has shown a strong surge in its value, indicating the growing strength for the buyers.
ICX Coin Crypto Chart In The 4hr Time Frame
In this lower time frame, the ICX coin clearly shows a decisive breakout candle which has also managed to close above this resistance level. The price is currently providing a retest to this level, which will validate whether the breakout is genuine and give a better risk to reward entry. The Current price of the coin is $2.37, with an intraday gain of 9.58%
The moving average convergence/divergence indicator (BULLISH) shows that both the MACD line and signal lines are moving above the neutral zone (0.00), indicating the bullish sentiment in the ICX coin.
Conclusion: From the technical perspective, the ICX coin shows a great bullish outlook for its price action and indicators, providing a favorable condition for trend traders to look for good long opportunities in this coin. Thus, as mentioned above, the coin offers its traders amazing opportunities with its breakout from the Cup-handle Pattern. If the price holds above $2.3, the ICX traders can expect the nearest target to the $2.7 and $3 mark.
Support– $2.3
Resistance– $2.7