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ICN

ICN: A coin to watch!ICN has been in a strong downwards momentum for the last 109 days totaling in a 82% loss after an excessive pump in June unfolded. I am not going into the technicals of ICN , the project runs and is healthy. I am not basing my arguments for a potential rise on these things. Technicals are just a smokescreen in the altcoin space, whitepapers, projects, partners - just tools to create hype. Most of the coins will need years, some even decades, to have real life usage and prove their worth - the rest dies way before. So what makes the price going and this chart interesting? Basically we see three main components in every market: Market Movers, Novice Traders and Hype in three main market phases: Accumulation, Pump and Dump (Distribution), Retracement, How does this play out in the case of ICN ? Well, let's try to find the footprints in the charts. As the chart and price action suggests, we can expect to see ICN bottoming out and enter the accumulation again. While the bottom is not clear yet, it may as well go to bottom line 2 especially with the pressure of Bitcoin and the coming hardfork, I suggest to keep ICN on the watchlist. I surely will have an eye on this. Depending on how the market continues to move, I will enter preferably between bottom 1 and bottom 2 close to the BTC hardfork.
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by PlainviewCrypto
ICN buy timeThe speculative bubble on the ICNXBT pair has pretty much fully retraced. Now, the orange line and the green trendline together form a strong support area at the 450-500 level, that should hold and it has done so in the past four days. The price is now being squeezed out of the triangle formed by this support and the downtrendline, wich is a bullish signal, although in this case quite a weak one. If bitcoin keeps rising, it will lift up the entire market and provided FOMO doesn’t kick in for bitcoin, ICN should start rising versus btc again. Right now there is a lot of FUD around the utility of the ICN token, and crypto investors looking for quick profits are getting annoyed that there is not a lot of communication coming from the team. Recently however, Jani ensured investors via comments on Reddit that ICONOMI as a business is doing amazingly, compared to other crypto startups and also compared to regular startups. One example statistic: on average, 200k usd flows into BLX per day. In the future this will only go up, when the DAA management platform is released, and after that when marketing ramps up. To me, the ICONOMI team have never seemed like untrustworthy people, rather like people that want to create a fair and successful business, be the best in the game. Jani ensured us that patient investors will be rewarded, and I believe him. Therefore, this coin looks fundamentally very good, and it seems highly undervalued. The top 50 ICN wallets think similarly; they have all accumulated more coins recently, as a redditor pointed out. As for targets; around the 0.5 fib extension of the previous rally is a significant price level, as this also corresponds to a previous fib extension, the pullback level of this downtrend, and approximately the ath of ICN's dollar value. I see this as a medium term target, but the way there will no doubt be a rollercoaster.
ILong
by Repelsteeltje
3
Iconomi Might Be Close to BottomFor the last few months Iconomi has been disappointing for traders and investors. The community constantly demonstrates how frustrated those that held on to this cryptocurrency are. The few optimistic posts aside, more and more people have sold off their Iconomi, often times taking big losses (which can be seen by looking at how the cryptocurrency has been performing). This idea is here to show that at this present point in time it is really not worth it to sell Iconomi at a loss. We might have reached a bottom or at least we should be very close to reaching it. Even for those that are not familiar with Elliott Waves ( en.wikipedia.org ) the pattern should be clearly recognizable. We are reaching what is the end of a whole cycle. Furthermore we can spot a typical bubble pattern on the Iconomi chart. For reference: i.imgur.com On this bubble pattern we are also clearly at the bottom. As the "mean" shown there we can see the "Uptrend line 1" or in the worst case the "Uptrend line 2". Around the second uptrend line will be end of our free fall. Some may argue that we have yet to reach the "despair" phase, but that phase is not always present. Either way, we are close to the bottom . What happens after we "return to the mean"? There starts the first phase again. People will slowly start to accumulate Iconomi. The smart money will make a first step, since most investors will at first be insecure, which is understandable by looking at the chart history. And before we know it we will be ready for take off. Iconomi will soon have the chance to shine again. After all, the fundamentals of this cryptocurrency are solid, as opposed to a lot of other mindlessly hyped ones.
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by TALife
9
Iconomi (ICNXBT) reaching buy areaSeveral indicators pointing towards possible good buy momentum for ICNXBTn as of september 1st '17 - Daily number indicator reaching 9 with the last candle being lower then the previous two. - We are reaching the earlier bottom area of around 0.005 And there is some good news moving forward. Most important upcoming news/events: - Fiat gateway for Iconomi products - Release of debit card - Marketing push - Voting rights given to ICNXBT holders later this year
ILong
by Benedict
ICN starting another cup to make new highsICONOMI recently saw new highs after the announcement of the platform going online within the next two months. People are now taking profits and it looks like a new cup is forming like we've seen multiple times the past few months. I'm in ICN for the long run and I like to approach it from a fundamental perspective. There are a lot of bullish fundamentals such as the buyback program, which will generate buying support. (See ICONOMI Reddit for the details). For the short term I think we will see a dip, but I doubt it will go below .0005. I took some profits at what looks like a local top for now, but will always keep on to my bigger share of ICN, and look to buy back in lower. I think ICN is a very interesting crypto to look at for the longer run, and I'm sure it will rally more as soon as the platform launches. However, fundamentals such as a delay of the platform release or negative events in the wider cryptosphere can affect price in the coming months. Also keep in mind that the succes of ICONOMI depends on the succes of cryptocurrencies, so if the cryptomarket goes into a bearish decline - which means less profit on ICONOMI's Digital Asset Arrays - this will definetely increase bearish pressure on the value of ICN. Overall, if you think BTC and cryptocurrencies have utility and are here to stay for the longer term, I think it's good to have ICN as part of your portfolio, or eventually use the platform to invest in a managed array of crypto. Do your due diligence, and don't get distracted by short term technicals on this coin.
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by Merijnnij
2
ICONOMI about to launch, huge new up trend startedICONOMI is almost out of BETA, I have access to the platform, it is amazing and I believe ICONOMI will be a huge success. ICN is very undervalued, and only traded at 1 large exchange: Kraken ICONOMI will not be giving out dividends in the form of ETH but will actually buy and burn ICN the beta platform looks amazing will get new investors in the Crypto space ICN still not well known, once it gets listed on larger exchanges and or gets a USD/EUR trade option it will move up more Good info: medium.com
ILong
by MennoPietersen
4