Today we review ICX. Will it reach the Fibonacci level of 0.618?
Hello everyone! Today let's take a look at the cryptocurrency ICON.
At the beginning of April, the asset had a rapid growth, resulting in a 130% increase in price, breaking the strong Fibonacci level of 0.236 and further 0.382. However, the asset failed to consolidate above the latter and began to correct.
Currently, the asset is approaching the Fibonacci level of 0.238, where the uptrend line is also located.
Therefore, it is possible to look for an entry point to a position in the range of $0.28-0.29.
The targets are the next Fibonacci levels at $0.46-$0.97 (+57%, +230% profit).
This is not a financial recommendation, and everything you do is done at your own risk.
At the beginning of April, the asset had a rapid growth, resulting in a 130% increase in price, breaking the strong Fibonacci level of 0.236 and further 0.382. However, the asset failed to consolidate above the latter and began to correct.
Currently, the asset is approaching the Fibonacci level of 0.238, where the uptrend line is also located.
Therefore, it is possible to look for an entry point to a position in the range of $0.28-0.29.
The targets are the next Fibonacci levels at $0.46-$0.97 (+57%, +230% profit).
This is not a financial recommendation, and everything you do is done at your own risk.
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Nice move