ICX/ETH - Break it or leave it
Hello my dear friends. Here is an Idea of the ICX/ETH. This is the shorter term outlook for the aforementioned pair, the long term one I will post shortly after this idea. U see in this chart the marked resistances which ICX/ETH has to break to form some sort of bullish impulse which could create a new longer term narrative to the coin against ETH. This coin is called the Ethereum killer by the die hard maxi's. The break of the trendline will decide if they are right or wrong.
This coin is situated in a falling wedge (bullishly biased pattern) and is nearing its apex. So we have to expect a break to either side the coming couple weeks. In my opinion I think itll break up since ICX has amny developments going on and the many bullish divergences created on the weekly chart. There is also another major trendline when ICX breaks out of its small falling wedge. This trend line dates back to the conception of the ICX/ETH pair and is thus more important than ever to break. It is situated pretty high from this price so ICX may fake us out along the way and get rejected from this line. But when it breaks this major trend line, I think ICX will make its way to 10 usd plus prices very soon. If it gets rejected we may need more patience. That's all, cheers.
This coin is situated in a falling wedge (bullishly biased pattern) and is nearing its apex. So we have to expect a break to either side the coming couple weeks. In my opinion I think itll break up since ICX has amny developments going on and the many bullish divergences created on the weekly chart. There is also another major trendline when ICX breaks out of its small falling wedge. This trend line dates back to the conception of the ICX/ETH pair and is thus more important than ever to break. It is situated pretty high from this price so ICX may fake us out along the way and get rejected from this line. But when it breaks this major trend line, I think ICX will make its way to 10 usd plus prices very soon. If it gets rejected we may need more patience. That's all, cheers.
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