ICNT has now formed a double top pattern, but my judgment is that this pattern doesn't necessarily mean a bearish outlook. The four-hour chart shows there is still room for an upward move, and it seems likely to continue pushing higher.
If you are a trader who prefers to operate within a range, this could be a good spot to consider a small entry and test the waters. My personal target range is between 0.53 and 0.55, as this area should serve as a relatively key resistance level. When it reaches this zone, observe the specific market reaction.
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ICNT has now formed a double top pattern, but my judgment is that this pattern doesn't necessarily mean a bearish outlook. The four-hour chart shows there is still room for an upward move, and it seems likely to continue pushing higher.
If you are a trader who prefers to operate within a range, this could be a good spot to consider a small entry and test the waters. My personal target range is between 0.53 and 0.55, as this area should serve as a relatively key resistance level. When it reaches this zone, observe the specific market reaction.