ICON
$1.91 -8.18%
ICX · 24w

ICX TA on Yahoo Finance

Elrond (EGLD) has broken out from a descending resistance line and moves towards the closest resistance at $169.

Icon (ICX) has broken out from a symmetrical triangle. It is expected to continue increasing at least until it reaches $3.30.

UMA (UMA) has bounced at a long-term support level. However, it has yet to break out from a short-term descending resistance line.

Icon (ICX)

On Feb. 29, ICX reached a high of $2.69 before decreasing. It failed to break out above the February high until exactly one month later, on March 29.

So far, it has managed to reach a high of $2.88 before decreasing slightly.

The main resistance area is $3.10, being the 0.618 Fib retracement of the previous downward movement. If successful in breaking out, ICX could increase all the way to $4.92.

Technical indicators in the weekly time-frame are bullish. Both the MACD & Stochastic Oscillator are increasing.

While the RSI has generated a potential bearish divergence, it has just crossed above 70.

The wave count suggests that ICX is in sub-wave five (orange) of wave three (white).

A potential target for the top of this move is found at $4.30. The target is found using an external retracement (black) on sub-wave four and a Fib projection on waves 1-3.

After $3.30, the next potential target would be found at $4.30.

Highlights ICX is facing long-term resistance at $3.10. It has broken out from a symmetrical triangle. Elrond (EGLD)

EGLD has been decreasing since Feb. 9, when it reached an all-time high price of $216.99. Since then, it has been following a descending resistance line.

On March 26, it managed to break out above this line.

Technical indicators in the daily time-frame are bullish.

There is a hidden bullish divergence in the MACD, RSI & Stochastic oscillator. Furthermore, the MACD has given a bullish reversal signal, and the RSI has crossed above 50.

Therefore, E...

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