- BTC is searching for resistance
- ALT Coins have more room to move higher
- ICX Eyes Towards 4.0 Area
The cryptocurrency market is rising higher this week with BTC 4.2%, ETH 25.6%, BNB 2.4%, DOGE 97.81%, XRP 2.83% with a total market capitalization of 2.37 Trillion USD.
Altcoins remain stronger than BTC and they keep pushing higher, while BTC is still searching resistance, so there's no evidence for the top on Altcoins yet and the Cryptocurrency market may stay up for now, maybe even during the weekend.
ICX is in a clear impulsive uptrend within a five-wave cycle from March 2020 lows and seems like the final (5) can be now in play after we noticed nice a complex W-X-Y corrective Elliott Wave movement in wave (4) with perfect support at the former wave 4 and 1.7 level.
ICX bounced sharply and impulsively with five waves on the intraday basis, which suggests more upside as part of a new five-wave cycle within wave (5) that can push the price even up to 4.0 area, especially if we see a broken channel resistance line.
ICXUSD 4h Elliott Wave Analysis Chart
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