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ICON / TetherUS PERPETUAL CONTRACT

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ICXUSDT.P trade ideas

Zoom out on ICXIn 2018 I bought ICX at the peak of the market (I was inexperienced back then) and I have still my bags since then. However lately ICX has been doing very good, I've posted recently TA on the 4h or daily timeframe to show a triangle about to break and you can see the effect even in this monthly chart. Today I thought to zoom out and check at which point we were compared to 2018. I've found out that we are into a weekly cup&handle formation which has broke out already and, according with its target we're heading to 4USDT. However, as you can notice on the RSI there's a bearish DIV so I expect a retracement which could reach 2.43USDT if it starts in this price range or it could stop a little bit higher if we reach 4USDT first. Do not fear, the retracement are DUE and HEALTHY after such pumps. After the retracement it'll keep go up! By the end of the bull season I believe ICX might be around 7USDT if not more (depends on the bull season duration)
by Shotokhan
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