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ICON

Icon (ICX) | A Closer Look (Long-Term Targets Inside)We looked at ICXBTC (Icon), long-term/weekly below but we will have a closer look today. This one here is the daily chart and it is easy to appreciate how the trend is changing from bearish to bullish. As the falling wedge was completed, prices started to move up and break resistance after resistance in the form of EMAs. Right now, prices are trading above EMA100 (blue line) and pushing higher every day. Here is the previous chart from January 9, with long-term targets: You can expect more for this pair and other altcoins... They will be now entering a new phase, the uptrend phase, where we will see higher highs and higher lows... Growth for years to come. Namaste.
Long
by AlanSantana
2
ICXUSDT a big channel breakout expectedDifferent support and resistance level: The price action of Icon is rejected by $0.80 resistance and now moving between $0.65 to $0.80 support and resistance levels. There is also daily 25 simple moving average support at $0.65 support. If the $0.80 resistance will be broken out then the next resistance would be at $0.95. Big up-channel: The price action of ICX has formed a big up-channel on the weekly chart. There is a powerful bullish candlestick trying to break out the resistance of this channel at the moment. Harmonic moves on short-term: On the short-term 2-hr chart, 1st the price action formed a bullish BAT then completed a bullish Shark. Now the priceline of ICX is completing another bullish harmonic BAT pattern. Even though this is a very small pattern, but at this time it is very significant. Because the priceline is also trying to break out the resistance of the big channel and a bullish reversal from the potential reversal zone of this pattern may help the price action to break out the resistance of the channel as well. SMAs in the long-term: Icon with Bitcoin pair, on the weekly chart, the 7 simple moving average has started lifting the priceline to the upside. Now there are 25, 50, and 100 simple moving averages above the price action. If the price action will be able to cross them up then a big move will be triggered against Bitcoin. Ichimoku cloud: With Bitcoin pair. the price action of ICXis also moving below a big bearish Ichimoku cloud resistance and for any big move breaking out this cloud is very important. Conclusion: If the price action will start breaking out the simple moving averages resistances on the weekly chart, then it can work as a big chain reaction. Every moving average can lift the price action up and it can also lead the priceline of ICON to break out the big bearish cloud as well. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
Long
by moon333
2
ICX completing bullish BAT | A good long opportunityHi friends, hope you are well and welcome to the new update on Icon. After the successful formation of a bullish BAT and a bullish Shark now again on small time period 2-hour chart, the price action of the ICX is completing the final leg of bullish BAT and soon it will be entered in potential reversal zone. On breaking down 100 SMA the pattern will be confirmed. There is also 200 simple moving average support below the potential reversal zone area. Possible profit and loss ratio: This trade has profit possibility of 13.5% and the loss possibility is only 2% Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
Long
by moon333
ICXUSDT a big bullish setupHey friends, hope you are well and welcome to the update on ICON (ICX) coin. Long term up-channel: The price action is moving in a long-term up channel on weekly chart and reached at the resistance. Candlesticks also having good supports of EMA 10 and 21 as well. Support and resistance levels and SMAs: The price action of ICX coin is rejected by $0.65 resistance level and moving between $0.55 to $0.65 support and resistance level. If the price action will break out the $0.65 resistance then on long-term there is not significant resistance up to $2.40. The price action also has good support of SMAs with the time period of 25, 50 and, 100. Simple moving averages on daily chart: Simple moving averages on daily chart, with the time period of 25, 50, 100 and, 200 are moving above the price action of ICON and 25 SMA is likely to cross down the price action. Ichimoku cloud: On the long-term weekly chart, the price action had a powerful resistance of Ichimoku bearish cloud but now the cloud is turned bullish, so now the priceline may break out this bullish cloud. This move can be like Ethereum when the price action of ETH found weak resistance of Ichimoku cloud on the weekly chart, then it broke out this cloud with powerful bullish divergence. Conclusion: Even though on long-term the price action of ICON is having strong resistance of an up-channel but from small to long-term the priceline of ICX is turning bullish . Once the channel on the channel on the weekly chart will be broken out then the priceline may start a powerful bull run soon. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
Long
by moon333
1
ICX a big parabolic move expectedHey friends, hope you are well and welcome to the new update on ICX coin. Previously I shared two ideas of ICX with you, one was a formation of Cypher pattern in USD marker and the other was the formation of bullish Shark pattern in the Bitcoin market. The price action of Icon coin turned bullish in USD market and produced more than 100% profit rally sofar. In the meanwhile, it has also completed the final leg of bullish Shark in the Bitcoin market. ICX with USD pair Cypher move: ICX with BTC pair move: An up channel formation and EMAs: On the long-term weekly chart, in US dollar market the price action of ICX coin has formed an up channel and also using exponential moving averages with the time period of 10 and 21 as support. This time the EMAs 10 and 21 have just formed a bull cross and the priceline is turned bullish. Different support and resistance levels: On the long term weekly chart, the priceline of ICX has broken out the $0.46 and $0.55 resistance levels and trying to break out the key level resistance of $0.65. If the $0.65 resistance level will be broken out then there is no significant resistance that can be found up to $2.39 as per the Binance exchange. Therefore it is possible that once the price action will break out the $0.65 then it will also break out the resistance of an up-channel that has been formed on the weekly chart. Alligator mouth and a parabolic move: On the long-term weekly chart, the simple moving averages with the time period of 25, 50, and 100 have formed an opened alligator’s mouth and lifting the price action to the upside. This move is turning parabolic now. Similar parabolic move expected like XLM: The same parabolic move can be seen in the XLM chart as well, therefore we can expect that now the price action of ICX will turn more strong parabolic bullish like XLM to lead the altcoins bull run. Conclusion: As the price action of Icon coin has already turned bullish in the USD market but it can turn more bullish as it has just completed a big bullish Shark move in the Bitcoin market.
Long
by moon333
4
ICXUSDT breakout setup still in play?Very weak breakout followed by a move back into consolidation range so this was a no go. But fakeouts like these can sometimes follow through on the original breakout premise with a vengeance. So yes, I think this is still in play. But I think it's better to wait for a strong signal before entering. Specifically, I'm waiting for the current candle to close near its high with decent volume. Market might leave me behind but that's okay. There will be other opportunities to buy this if a bull run materializes (e.g. look for a buy above 0.53... etc.)
by thedailychartist
8