ICON Coin (ICX) Formed Bullish Cypher For Upto 167% Bullish Rally

 Hey friends, hope you are well and welcome to the new update on the ICON (ICX) coin.

On a long term monthly chart, the price action of ICX has completed the final leg of the bullish harmonic Cypher pattern and entered a potential reversal zone.

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Buying And Sell Targets:

The buying and sell targets according to the Fibonacci sequence of harmonic Cypher pattern should be:

 

Potential reversal or buying zone: $0.3720 to $0.2557

 

Fibonacci projection or sell zone: $0.4636 to $0.6829

 

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Stop Loss:

The potential reversal zone area that is up to $0.2557 can be used as stop loss in case of complete candlestick closes below this level.

 

Possible profit and loss ratio:

As per the above targets, this trade has a profit possibility of 167% and as per the above-mentioned stop loss, the loss possibility is 31%.

 

Soon I will post a more detailed analysis on ICX.

 

Note: The above idea is for educational purpose only, do not take it as investment advice.

 

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