ICON (ICX) To Go Next?If there is something we are 100% certain of now is that the altcoins market continues to grow.
I remember saying many times in the past... " This is only the beginning " when we saw strong bullish action and I truly believed it.
I am happy to see the altcoins market (cryptocurrency) growing and growing... Here we have ICON (ICXBTC).
This one is now trading above resistance in the form of EMAs... No longer resistance since prices are now above, these can be considered support on the way down when prices drop.
The way the chart is looking now, ICXBTC can easily produce a very strong jump.
Namaste.
ICON
#ICX/USDT (June 21)ICX seems to be well supported and will not be able to fall this June. The main trend is still up and the target should be $ 0.4 this June and $ 0.5 at the beginning of July.
ICX will be very dangerous if you go into the Ichimoku cloud because it can reach $ 0.25 and it will take a long time to reach that price range.
ICX / Bitcoin is preparing for another bull season easy 148%+BINANCE:ICXBTC is close to validate the pattern and move upwards.
Some more volume is needed to break the resistance, watching it patiently. Target: 5000 sats
Risk:6
Reward:9
Comment below what do you think about ICON and the project itself, will be glad it !
Icon (ICX) - June 1Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
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We need to make sure we can get support above the 0.33295439 point.
Also, if it goes down, you should get support at the 0.30835875 point and the uptrend line (4).
You need to make sure you can quickly rise above section A (50EMA on the 1W chart).
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
$ICX / $BTC : Putting in a possible higher low on the monthly. Some alts are starting to look good in the cryptocurrency market at the moment.
ICX is:
-Bouncing off the 0.382 fib
-Bouncing off a orderblock
-If this bounce continues it will be a higher low
-Bullish retesting off two downtrend resistance lines (see comments for more detail)
-RSI is above 50 and looks like its bouncing (see comments for more detail)
-Possibly bullish retesting off a flag pattern
-Crossing above 18 day MA on some timeframes
Grey areas are orderblocks, once price clears a orderblock and it claims it as support/resistance expect it to head to the next one.
A close under 3000 is dangerous, and can invalidate the idea in the short term because we have formed quite a strong support there.
ICON (ICX) will blow your mind this year!This is my idea for ICON ICX. I see a lot of potential in this coin.
Fundamentals and Chart look awesome. In the beginning of 2020 the price went from 0.10 USD to almost 0.60 USD.
Since then we have seen a steady decline in price and volume.
After a quick selloff in March the price has been trending up along the lower trendline.
We should see a clear breakout to the upside in the coming days or weeks. If we can break 0.40 USD with significant volume, we could see prices between 0.70 USD and 2 USD.
Happy trading.
Icon (ICX) - May 27Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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MA that should be supported by rising: 1W 50EMA (about 0.35195927)
If it goes down, you need to make sure you can get support at 0.33295439.
If you get support at the 0.33295439 point, you are likely to rise above the 0.37715000 point.
However, I think that BTC's movement is unstable, so we need to trade carefully.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ICX (Y20.P3.E1).Macro.Nice trendHi All,
Observations:
==========================================================
> ICON \ ICX shows a nice price action within a channel in a uptrend with higher highs and higher lows
> 1st rejection with the lead in trend line (resistance)
> The 10\20 and 50 ema have shown levels of support
> Bearish divergence has played out on the 12H as per this chart
> MR and MS are monthly resistance and support lines
Thoughts:
==========================================================
> BTC dominance is dropping
> 12 Hourly chart indicator shows downward pressure still their based on the RSI, also there on the daily chart
> Looking for confluence of price reversal at these moving average levels or fib levels in the channel
> So with this context, we can use the 10, 21, or 50 ema and or the levels in the channel, to look for setups for entry (in the 6 H, 12 H time frame, as per chart)
> Triangle area is my area of interest to enter (0.28 to 0.31)
Close up view > Area of interest 0.28 to 0.31
6 HRLY chart > downward pressure still there with bearish divergence in play
12 HRLY chart > downward pressure still there with bearish divergence in play
1 Day and above chart > MACD has bullish tone
Holistic overview > observe how the trend line is playing resistance and the 1st rejection.
ICON is primed to make HUGE gains - over 2500% GAINSIcon is one of the gem many has yet to realise. This is the Korean ETHEREUM. Icon is the only one that is worth mentioning in KOREAN market as of now. LITERALLY can own 50% of Korean market when this matures as Icon is already working with huge enterprises and Korean governments now.
One reason i say this is because it is building an STO platform. this platform enables publicly listed or even SME companies (ANYONE) to join Icon network to launch tokenisation services.
And STO reminds us of ICO. what ICO helped ETHEREUM make 10000% gains.
So in long term outlook, icon can do this gains, and a wider and more regulated light.
Right now, Icon development for STO token standard is completed.
We are only waiting on STO smart contract(stabilization stage) and official STO platform in ICONest 2.0 (in development).
31st May 2020 is their next update on development. Of course STO is the only thing im mentioning here, Icon has also recently partnered LCX, which is an STO platform regulated and partnered with World Economic Forum! This is a hint for you guys.
What the chart means?
This means, every $1000 invested into ICX can potentially make you $25000. or 25X your Bitcoin holdings.
MACD in Long term is looking BULLISH! and you know when weekly shows bullish, icon can jump up to the sky. If you are not a trader and long term holder, this is def a good one to get on IMO. 100 million Market Cap for ICON is just a dream. this can go up beyond 10Billion in a bull run
This is just being conservative when it reaches near ATH of last bull run, and we know once bull run started, prices goes crazy up. and another 100x from here is not unachievable. which means every $1000 into ICX can make you $100000.
This is also under a hedge fund manager Buy Up to list of $5 currently and in a bull run its going up and beyond. Current price is only a small 0.30 cents. an easy 10X SHORT term. The chart drawn can happen sooner if development and partners start using ICON Platform. a true gem to watch for.
This is just my opinion. DYOR
Icon (ICX) - May 17Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me ("Like" gives me the power to post charts).
By "following" you can always get new information quickly.
Thank you for always supporting.
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We need to make sure we can get support on the uptrend line (4).
You should also make sure you can continue to receive support above 50 EMA.
I think we must get support at 0.25433100 for further gains.
If you go up, you need to make sure you can touch 50 EMA (0.35417621) on the 1W chart.
If you can get support by rising above the critical point of 0.37715000, I think there is a possibility of creating a new wave.
However, I think that trading should be done according to the flow of market conditions.
Therefore, we believe that careful trading is necessary.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Icon (ICX) - May 13Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
We will try to reciprocate with better information.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
We need to make sure we can get support at 0.25433100.
You should also make sure you can get support at 50 EMA.
If you gain support by rising to the 0.29001657 ~ 0.30835875 range, there is a possibility of further gains.
However, I think it is more likely to touch the 0.29001657 ~ 0.30835875 area and fall, so careful trading is necessary.
If you get support and rise in the 0.29001657 ~ 0.30835875 range, there is a chance of touching the 0.37715000 point.
It is important to get support at 0.25433100.
If you fall without support, I think it's a good idea to stop trading for a while and check the situation until you reach the 0.25433100 point and get support.
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See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Icon (ICX) - May 9Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
We will try to reciprocate with better information.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
Bitcoin Halving has about 4 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
There is not much left this week.
You have to watch what will happen over the weekend.
It is located near the point where the sharp drop occurred on March 12.
You need to make sure you can get support at the 0.29001657 branch.
Also, it is necessary to check if it can rise above the most important point, 0.37715000, in the vicinity of Low.
Below 0.37715000 branch is a mid- to long-term investment area.
Accordingly, we believe that careful trading is necessary.
I think it must be supported by rising above 0.37715000 points for a new leap forward.
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Rather than deciding to which point it will rise, I hope now that I can decide where to keep the profits and losses, and close the upward trend with good results.
----------------------------------------
See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section