After bouncing off the demand zone, ICX continues to find resistance near the 1100 area. The slow-moving EMA as well is proving to be tough resistance and seeing that we have broken down from this supply zone, we can expect a retest of the support area below and possibly get back down to the FIB level/trendline before resuming its move higher.
ICX overall does look really good after carving out a couple month bottom so the upside potential is there but yet again we need to keep an eye on Bitcoin.
Thanks guys
ICX overall does look really good after carving out a couple month bottom so the upside potential is there but yet again we need to keep an eye on Bitcoin.
Thanks guys