What is ICON?

Well, for me, it's two things:

#22 on Coinmarketcap and a trading vehicle.

Please, allow me to explain...

For those of you that are curious about the underlying technology of this cryptocurrency, make sure to check out their web page: https://www.icon.foundation/?lang=en

For those of you interested in trading it, entertain the following thoughts...

Take a look at this daily chart of ICON on Binance:

There is clearly a wedge pattern coiling up very nicely as you read this. Looking inside of the green circle, the red line indicates an area of resistance while the green line represents an area of support. Where will the price go from here? Up, or down? Let's take a look a few more things first.

The first, smaller, green circle shows us the Relative Strength Index (RSI). We're sitting at a medium-range level moving sideways, which doesn't tell us a whole lot. The second, larger, green circle shows the Moving Average Convergence Divergence (MACD). This tells us a little bit more... We recently went through a period of heavy selling, as we saw a huge selloff in the overall crypto market. However, that green arrow shows you that the downward momentum is lessening, and can easily push right back up with some much needed volume.

Here is what we get once the volume comes in:

Yeah, either a continued selloff or a shot at breaking to new highs. I'm guessing the latter will happen... Especially since we should see the crypto market as a whole pick itself back up after falling from December's highs.

Let me know what your thoughts are on ICON.
This is not financial advice, I am not a financial advisor, and don't risk more money than you're willing to lose. Always DO YOUR OWN RESEARCH!

If you're interested in trading ICON you better have an account on Binance. If you don't already have an account, you can sign up here: https://www.binance.com/?ref=18615022

Make sure to check me out on DTube and YouTube also
DTube:

YouTube: https://www.youtube.com/channel/UCNFMdmxdF3hpW6XApDsWH5g