Short
ICX/ETH Descending triangle continuation
ICX approaching the end of a large descending triangle, typically a bearish signal suggesting continuation of our downward trend.
Watch for a downside break past bottom support and increased volume for confirmation. In this scenario, after a break down, we can expect a brief return to 5800 as support turns to resistance, followed by strong downward motion.
Target:
4500
3800
S/L:
6300
Target Date: 4/4/2018
Watch for a downside break past bottom support and increased volume for confirmation. In this scenario, after a break down, we can expect a brief return to 5800 as support turns to resistance, followed by strong downward motion.
Target:
4500
3800
S/L:
6300
Target Date: 4/4/2018
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