Cup and handle but will it break through major resistance?

MACD is indicating bullish, cup and handle formation is ideal and volume looks to be picking up. On the other hand, RSI has a bearish divergence and both the short and long term Fibs show major overhead resistance around 4880.

Trade fermée manuellement:

There's a strong evening doji on the 480 that closes in 30 minutes. With a possible BTC correction it is looking like a pullback before moving upward. The safe play is to close out then wait and see.

Transaction en cours:

BTC pulled back to $8700, ICX dipped under 4000 which was very close to the red dotted retrace to the Fib's 3850. Big news dropped on the rebound and ICX is surging

Commentaire:

Strong resistance is still present at the 4700-4900 level. As new lows continue to hold higher and higher after it retests resistance, it forms a bullish ascending triangle and a breakthrough to 5901-6000 is the next target.