Daily Bullish Signal #ICN #ICNBTC (03-10)#ICN (ICN/BTC)
Buy : 5600-5700
Flash Sell : 5900
Short Sell : 6050
Long Sell : 6200-6400-6600-6800-7000
Stop : 5500
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ICNXBT
ICN Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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ICNBTC look for breakoutCorrection pattern of ABCDE symmetrical triangle seems to be complete. Expecting a breakout to the upside in the next days/weeks, target of around 0.00035 BTC
ICN POP: 3-10x chance
FINALLY!
After months of waiting and gearing up, ICN seem ready to pop! It's been undervalued for a long time, and I suspect bulls have been waiting for significant positive announcements. Today the announcement of FIAT deposit and withdrawals (EUR) on iconominet arrived! Expecting 5-10x from this trade.
Buy: 120-130
Target 1: 360 (x3)
Target 2: 1190 (x10)
Target 3: 1600 (x13 - unlikely)
Iconomi (ICN) - long term bull initiatingI usually don't publish charts publicly, but this one is something special.
ups:
- one of the rare with working platform
- price to book ratio 0.74 @0.00021 btc
- fiat gateway coming soon
- utility functions to be announced in the middle of March
- great, dedicated team
- millions flowing into DAAs
cons:
- little or no communication from the team (this one might as well count as an UP)
disclaimer:
I support Iconomi and hodl ICN from the ICO times. I believe, this project will be one of the most prominent in crypto space.
This is not a financial advice. Hodl, don't trade.
ICNBTC - short break time before next wave.ICN - another perspective coin with big potential x2 - x10.
ICN - Falling wedge Time to chart my longest hodl coin !
- Falling wedge on the 4H
- Positive divergence on the MACD
ICONIMI Breakout for 2018Again, very simple chart with an obvious trend. ICN breaking out after a long down trend. This is a project well worth studying the fundamentals, and critically has not been visited by the P&D gangs meaning less hype more value. Essentially, ICN is an ETH based project where ICN is used as a representative token for the whole project where ICN manage their own fund and burn ICN tokens on the basis of profits made through their Pinta Digital Asset Array Managed Fund. In addition to this, they also host other DAA managed funds where companies such as Columbus Capital manage their own fund and where you can buy directly with ETH or BTC and where you can receive the funds native token back to your wallet. Further to this, Columbus Capital will be releasing the first blockchain stock on the Irish Stock exchange titled Blockchain.ONE which will in essence be a direct fiat gateway in to Crypto.
Surely this is worth a little bit of time on your part for due diligence? From this perspective, the fundamentals are there, a critical mass of DAA's are now opening, and ICN's Price to book ratio is as follows:
"Price to Book ratio for ICONOMI closes q4 at approximately 0.82 (lowest quarter ever). ICONOMI has more company owned assets than the total market cap of the company. The S&P 500 has a P/B ratio of 3.43 ."
Also to note that 500K to 1MM is entering ICN DAA's on a daily basis. Your call....
Long ICN - IconomiSome of the top crypto-currencies by market-cap do not have a working product.
Worse there are outspoken scams.
Dumbmoney is overvalued.
Maybe Smartmoney is undervalued?
Summary: ICONOMI is an Ethereum smart contract start-up company, developing a blockchain-based digital asset management platform.
website: iconomi.net
Per the 2017 Q3 financials report they have at least $100M in crypto-currency assets.
medium.com/iconominet/iconomi-financial-report-q3-2017-45dc25f30730
As of Saturday, September 30
Top Holdings ( % change sense 9/30 )
Byteball - $2M (+270%)
Bitcoin - $4M (90%)
Lisk - $10M (140%)
ETH - $18M (240%)
Long time frame falling wedge on ICN/BTC, volume confirmed.
Entry: 0.00025
SL: 0.00019
Target 1: 0.00075
ICN Moon Plz!!!On basis of this analysis, I feel like ICN hits .000728 by the end of February or early March. What do you guys think?
ICNBTC - Undervalued Crypto Index Fund (+1300%)A crypto fund with "digital arrays" or indexed coins with different risk profiles that's actively been traded.
Technicals:
-MACD bullish reversal
-Kumo breach
-MMAR reversal
-Bullish trendline
Fundamentals:
- Trading only 2x book value (Under 3x is cheap)
- Digital arrays contain quality coins
- Quarterly coin burn feature to be introduced that enables ICN token holders to participate indirectly in dividend distribution (20% of profits are used to buyback tokens, 80% is reinvested)
- Only coin to be planning a Big 4 audit
- Gateway token to help new investors with instant diversification in cryptos (think ETFs)
- Affiliate marketing to start 2018
Summary: BNB Binance style utility token + affiliate marketing + Index fund to crypto + strong returns = WIN!
Trading:
Hold up to 6 months, for up to 1300%.
Will update with key resistances and key target projections soon.
Buy Now And You Win!As you can all see this is a clear chart that shows the setup for ICN's next wave in Iconomi's price rise. ICN has always been a great project and the crypto currency space is beginning to notice that again.
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.
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.
ICN/BTC breakout soontrade active over the yellow line,stop is the red line
Fundamentals:
- Managed DAA´s incoming
- icn added in more exchanges
- Nice returns on BLX(ICNX) and CCP(ICNP)
- Blockchain.ONE listed on traditional exchanges in the next months: medium.com
Which Support will be the airport?Support can turn into airport any moment.
If support breaks now, the next plane is going from the next support line.
bears try to pull us downbears try to take us down. we was testing an old support but retraced.
At the moment we are in a bearish phase, but remember now its cheap and good to buy.