ICON $ICX indicates bullish breakout in progress ICXBTC

As with with most crypto altcoins, ICX has been in a period of decline since January, falls almost two thirds, from a high of 0.00092 to the current price of 0.0003378. Now however there are two possible investment strategies given the resurgence of BTC. 1) Short term gains in the bull trap or 2) Invest in top coins for an extended bull run. This advice would be most appropriate in the former. Here are the 3 main indicators that I have noticed and chosen:

A - Higher low. Elliot wave analysis shows us that each low should be lower than the next low and either this is the low 2 from a 12345 motive or the bottom of a B from an ABC corrective wave. Either way, ride the subwaves 3 and 5 or C for short term gains during the possible bulltrap.

B - MACD exhaustion. Lower lows and flat lows of MACD could indicate an exhaustion of the downwave. Not only does the length of the exhaustion indicate the rebound could last longer, but an exhaustion would indicate that indicator "A" is more likely to be the start of a 12345.Furthermore, with the recent higher lows of MACD and flat price lows, it could indicate an incoming surge.

C - Huge volume spike. A huge spike in volume is an indicator of a trend reversal and the larger the volume spike in relation to the resting volume, the more likely the reversal is to be prolonged.

In conclusion, the market as a whole is either a bull trap or a bull run but, given that my personal view is that this is a bull trap, it could be worth putting money towards short term gains. Also, given these three indicators, it seems that ICON could be one to invest in, although caution and own research is 100% recommended.