They say in crypto "Buy the rumor ; sell the news" or vice versa ...i don't know which is which anyway!... So ICON foundation has some huge 2022 plans for their investors starting with a snapshot that is about to happen in about 30 hrs from now for all ICX holders(not on the exchange but custodial wallets ) in preparation for some new token(s) airdrop (ICY and ICE) that will kick off in the first quarter next year.
So i think there will be some buying that will happen in the coming few days in preparation for this...
Check their discord channel for more details
Anyway...looking at the daily TF, I think it is still in this corrective wave pattern that will either break out after brushing those plethora of resistance at 2.3 till 2.7 and continue up or comes back down for final corrective wave ,retesting at about 1.8 before continuation up.
It is still at a very good buy zone ATM
So i think there will be some buying that will happen in the coming few days in preparation for this...
Check their discord channel for more details
Anyway...looking at the daily TF, I think it is still in this corrective wave pattern that will either break out after brushing those plethora of resistance at 2.3 till 2.7 and continue up or comes back down for final corrective wave ,retesting at about 1.8 before continuation up.
It is still at a very good buy zone ATM
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.