ICON (HitBTC: ICXUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ICX began a wave one advance on December 5, 2019. The red wave one finished on December 9, 2019, and the red wave two correction ended on January 3 this year. The red wave three advance finished on February 4, and the red wave four correction ended on February 17. If this wave count is correct, ICX should be heading next towards the February 4 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe ICX is currently in the red wave three. The red wave three began on December 5, 2019.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
ICON is a decentralized blockchain network focused on interoperability. Coin Bureau reviewed the project back in October 2019.
(Sources: https://icon.foundation/?lang=en)How Will ICON Trade?
ICON (HitBTC: ICXUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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