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ICON

ICON Retrace Might Be Over | Potential Targets Mapped (50%)I was looking for something that looks like it can move quickly... ICXBTC (ICON) is just coming out of falling wedge after a fake breakdown of support... In this type of setup, it is easy to see a bullish move follow. Prices retraced to the 0.618 Fib. support of the last bullish wave. The volume on the drop was always low, signaling that the bears are nowhere to be found and this is a standard/classic retrace. Prices are now moving back above EMA10 and EMA100 while the RSI and MACD are going bullish. These signals are telling us that ICXBTC is getting done with its retrace and is likely to move higher. Conditions for change The markets are always changing... Prices are always moving down and up... Right now we have bullish signals but tomorrow it can all go wrong. So, if prices close below 0.00003250 on the daily time frame, the above signals become invalid and there can be additional drop. If prices remain above this level (the last low), we remain bullish and expect a bounce to take place and hit the last peak or just below it. Thanks a lot for reading. This is Alan Masters. Namaste.
by AlanSantana
16
There is a possibility for the beginning of an uptrend in ICXETHTechnical analysis: . ICON/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000980 to 0.000770). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000980) Ending of entry zone (0.000770) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.001400 TP2= @ 0.001760 TP3= @ 0.002250 TP4= @ 0.002965 TP5= @ 0.004325 TP6= @ 0.005420 TP7= @ 0.006520 TP8= Free
ILong
by ForecastCity
10
There is a possibility for the beginning of an uptrend in ICXETHTechnical analysis: . ICON/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000980 to 0.000770). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000980) Ending of entry zone (0.000770) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.001400 TP2= @ 0.001760 TP3= @ 0.002250 TP4= @ 0.002965 TP5= @ 0.004325 TP6= @ 0.005420 TP7= @ 0.006520 TP8= Free
ILong
by ForecastCity
10
ICXBTC formed bullish BAT and ready for bullish movePriceline of ICON (ICX) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the move of price action to see how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below: Buy between: 0.00004404 to 0.00004327 Sell between: 0.00004588 to 0.00004861 So short term trade has potential to give upto 12% profit move. Regards, Atif Akbar (moon333)
Long
by moon333
ICX.BTC (Y20.P2.E1).Macro.PotentialHi All, Continuing on with the ALT coin topic\review where I am creating a shortlist, ICON looks like another great opportunity. Its another coin and area pay attention too. I have it bouncing off the 20 Weekly EMA. I'm bullish bias with many of the ALTs and hence based on the pr evious post on ALTS.LTC, I have it going up. Close up view, on the 8 HRLY and have the 10, 20, 50 ICON. Potential bearish div. on the Stoch and RSI. Please don't forget to give me a tick\like, as I would appreciate it. Regards, S.Sari /CryptoProspa (for my reference > Macro.charts)
by ssari
1
ICX - 1 month later analysisAn update of my trading plan One month after the first analysis, let’s have an update of the trading opportunity we had. First of all, we also had a weekly higher high; normally the long term downtrend is finished; really good news for investors and bag holders. The price took the right direction; the technical analysis was not so bad but it wasn’t the toughest part of the job :) We reach the targeted area (orange circle on the chart) but I have lacked of ambition, the 0.33$ target was too low; the perfect trader would have sell only a small part of his coins at that level and let his gains run higher. I sold 60% at that level and 40% before 0.4$. I could have done much better; but I’m happy to not loss any money. Now, just a few word on the current situation. The momentum is really impressive and definitely not the time to enter. I will wait for a price correction and maybe make another analysis for the next level. if you are still in (swing trader); you are steel-nerved but don't forget to take your profit (at least a part of). You already made an excellent trade. Will you wait for the weekly EMA100 before correction? I'd be curious to hear your ideas
BINANCE:ICXUSDLong
by cryptonarsul