ICON
ICXUSD / ICON - I'm All Jacked Up On Mountain Dew!Hello Crypto Friends! Hope all is well. Let's see how ICX is doing on the 4 hour charts.
As you can see on our charts circled in green, we had our Golden Cross between the moving averages around April 17th and it's been a steady climb up the hill to our Fib Retracement level target of $4.27. We hit resistance at $4.90 and and came back to take a breather at the $4.27 range. We did see a dip in our purple trend line and the 50 day moving average which has been our current support lines, but ICX bounced back up above. MACD looks like it want's to move bullish but we'll wait out for the volume to consolidate and pick which way the trend will go. We'll keep a close watch and provide updates to see which way ICXUSD will swing. Stay tuned.
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We are currently long on ICXUSD.
Dates to keep an eye on for ICX:
1. Launch of ICONest webpage: May 11th.
2. ICX/ETH Decentralized exchange launch: June 30th.
Cheers!
Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.
ICX TA and MoreHere i am again with a TA of ICON (ICX)
After the correction ICX created a new handle to the cup, yesterday (05/30/2018) we had confirmation of a succesfull launch of the ICO platform.
See here: medium.com
Allso we have a new date/shedule fot the Launch of ICONest webpage
- Launch of ICONest webpage: May 11th
- Design upgrades and UI/UX optimization
- Open to the public upon completion of the main net token swap on all exchanges..
Until now, allready 6 ICO's will be created and launched on the ICX platform
ICONest is a service designed to simplify creating your own DApp project.
Development of the ICONest service is complete. Blue Whale, the first DApp built on ICON, is currently utilizing ICONest for their Token Sale. While the DApp teams partnered with ICON will be the first to use the ICONest service, it will eventually be open to the public.
In my opinion ICX is very undervalued and ready to see a new ATH soon and it wil not stop there.
Comments are welcome and normally the drawings on the chart speak for itself.
I'm just starting to publish my TA's at Tradingview and planning to do these more often, if you like these? Do follow me.
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BTC: 1NWXeH6GHSEVG7wjZEMEmLvwu2KjJMau2
icon doin it?icon is definitely in for massive gains. but is it in for something real quick? probably.
ICON (ICX) Quick bounce up looks likelyHey everyone! After a 10.91% correction from its highs, another bounce looks likely for ICON as it is once again trading around support. This trade could fall through so I recommend considering a stop loss somewhere under the support zone.
Trade Signals:
-ICX hovering around 4700 satoshi's, which has been shown to be our current support level on the 4 hour chart.
-RSI is not falling below 40, and frequently hits 70, meaning we are still in an uptrend. If the RSI drops below 30 and is unable to hit 70, it may signal the start of a short-term downtrend.
-The Stoch RSI, which identifies short-term trends, is below 0.2, indicating ICX is currently oversold.
-We are still in an altcoin cycle, and people are still very bullish. Not to mention coins are once again reaching all-time highs.
How to trade:
Buy in:
- 4600-4700 satoshi range.
Targets:
5000-5100 satoshi range, where ICX was rejected twice.
5700-6000 satoshi range, which has shown to be resistance months before.
Stop Loss (If you decide to use one to reduce risk):
-Somewhere under 4700, but I believe the chance of getting whipsawed is very high.
Thanks for viewing! If you have any thoughts, please take the time to write them down. It's how I ultimately improve my TA.
On a side note, do you believe Asia is currently doing most the selling in this market?
ICX/ BTC - Triangle Inception, Stoch RSI looks primedI love ICX, full disclosure. I think it's going to be the next Ethereum in terms of ROI, and not buying this at sub $3 is criminally negligent
That said, the triangle it has formed along support is beautiful, and last time it did this, it added nice gains
It would be a 3x back into ATH territory in terms of BTC
This isn't an overnight screamer, but it is a great long term buy IMHO
This is something I already have a long bag of, and will be adding to here
As always, this is not financial advice
Always DYOR
Can be found on twitter @firstfrontierbc
Feedback is always appreciated
ICON is Breaking from the Cup and Handle Breakout Pattern!Hey, I am back with another Technical Analysis, this time taking look at ICON.
So, Yes I have seen this C up and Handle few days ago but I wasnt sure if its gonna lead to breakout due to incoming sellers and MACD giving bearish signal.
ICON is a token with a rank of 18 in the Crypto market.
Looking at the chart, there is clear Cup and Handle with breakout happening, ressistance of 4.600 was succesfully broken. Currently there is really a lot of Cup and Handle patterns in this market.
Taking look at indicators.
MACD gives clear buy signal, RSI is really high which shows high demand.
What more to say.. Buy now or regret later. By buy now I mean find a good position!
Hope I made your view on whats going on with ICON somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
C&H and Double bottom pattern on ICON (ICX) 1D chart$ICX @helloiconworld will release their mainnet with the following Dapps/features on 30th April
- T-Bears (SCORE dev tool)
- ICONico (ICO-Platform)
- ICONex (Mobile)
$ICX is a solid project and hold after 30th April. Roadmap for Q2 is very promising:
- ICX/ETH-Dex
- SCORE Lite (Public Channel)
- IISS Launch (ICON Incentive Scoring System)
medium.com
www.ccn.com
DIGITAL ALPHA UPDATE - ICX $63?!What is up everyone! Hello to you all, thank you for stopping by. We have a nice little piece on ICX here to present. The subject of today's little discussion is "rounding bottom". We believe ICX is in fact in a larger rounding bottom and has a smaller rounding bottom within that is just breaking out! Who doesn't love a breakout!
The large rounding bottom starts at 0.0009 and dips down to 0.000216. If the larger pattern continues up to 0.0009 then we will be watching for a very big breakout. On the average these breakouts generate around 40-45% returns (this type of return would result in a price of 0.0013 - matches up with 1.618 fib), BUT you normally take the starting price (0.0009) and subtract it from the low (0.000216), take the result (0.000684) and add it to the starting price of the formation (0.0009 + 0.000684 = 0.001584). At current BTC prices we are looking at $15/icx...keep in mind BTC/the overall market needs to be in a bull market to get that type of return, meaning BTC would most likely be at a higher price giving ICX potential prices of $15 (btc = $10k), $31 (btc = $20k), $63 (btc = $40k)! Nice.
Keep in mind, I said a smaller formation too. That formation is on the right side and displayed with 2 hour candles. The larger formation on the left is displayed using 1 day candles. Keep in mind both have volume trends (shown on the bottom) that mimic the formation, meaning this trend is checking all the boxes. The smaller trend on the right is showing breakout potential of 0.000635 using the high price, minus the low price, plus the high price formula. The other price point is 0.00069, which is the 45% return...that also happens to match up with the 0.786 fib. We are awaiting confirmation of this breakout at this moment. We are testing the previous resistance as a support and if successful then the smaller rounded bottom is in play! Now go trade!
Keep in mind, for the large cap portfolio we have not touched ICX. We are riding ICX until this formation plays out...we may have known about this formation a little earlier ;)
Thanks for reading!
DA BULL
BTW - for the XLM trade, the trade did not occur. We were not able to capitalize on it. We traded back into BTC/USD when BTC dipped below $8.7k (mid $8k region). We then re-allocated NEO, LTC, and IOTA like we said we would. Update on Large-Cap portfolio to come. Keep an eye on OMG (hint hint)
[LONG] ICXBTC, 4H ICX TA, strong targets$ICX @helloiconworld will release their mainnet with the following Dapps/features on 30th April
- T-Bears (SCORE dev tool)
- ICONico (ICO Platform)
- ICONex (Mobile)
$ICX is a solid project and hold after 30th April. Roadmap for Q2 is very promising:
- ICX/ETH Dex
- SCORE Lite (Public Channel)
- IISS Launch (ICON Incentive Scoring System)
medium.com
www.ccn.com
ICX Launching Out of a Cup and Handle!ICX is in Wave 3 right now and has also formed what looks like a Cup and Handle formation. With it's ICO -14.29% Platform launching on the 30th I expect great things to come. We made over 10% gains today alone and I see much more to come!
Wave 2 retraced to the 0.786 Fibonacci Retracement Level and completed a round bottom which I am now calling a cup and handle . Wave 3 is targeting the 1.618 Fibonacci Extension followed by a high probability Retracement to between the 0.382 and 0.5 Fibonacci zones for Wave 4 to follow the Rule of alternation in corrective patterns.
This is a great coin with strong fundamentals and the technicals look strong as well.
Target for top of Wave 3 is 0.0006900 BTC
Bottom of Wave 4 between 0.0005400 and 0.0004800 BTC
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!