After hitting an all-time high at 9194 satoshis, ICON corrected down to 2590 satoshis, where it found the support represented by 76.4% Fibonacci retracement level. The support has been rejected cleanly followed by the downtrend trendline breakout.
Current price action suggests the potential reversal and a very beginning of a long-term uptrend. The ICON project is very big and holds great potential fundamentally.
From current price onwards it would be reasonable to expect strong growth, where the very first target is seen at 11k satoshi. Break above that resistance could send ICX/BTC much more higher resulting in at least 10-time growth from the current price.
Current price action suggests the potential reversal and a very beginning of a long-term uptrend. The ICON project is very big and holds great potential fundamentally.
From current price onwards it would be reasonable to expect strong growth, where the very first target is seen at 11k satoshi. Break above that resistance could send ICX/BTC much more higher resulting in at least 10-time growth from the current price.
Commentaire:
Strong move by ICON, way to go
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