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2019-07-16 09:11:10

ICON price data analysis: ICX price showing bearish signs

Icon price data analysis reveals that the ICX price has developed a short-term bearish bias trading against US dollars as it recently crushed the two hundred-day moving average (MAs) across the four-hour charts. The cryptocurrency struggled to stop the bearish momentum and formed an inverted head and shoulder pattern to start a bullish reversal. However, the bulls were short-lived as the bears gained momentum again, and the pattern was crushed. This shows that the sellers are controlling the market. Icon price chart by Trading View The indicators all signal that the chart is now bearish and continues to show a