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ICON

ICON Trading Opportunity ICON showing signs of strength again after 36% correction from Bitthumb pump Signals: ICX having a hard time breaking through 3375 resistance, which is the 0.382 fib level RSI: Very strong. In crypto we know the RSI is very accurate at predicting short term price drops, and this one is approaching the overbought zone on the 4 hour. However, a very strong RSI can also be a good thing if volume can match. Bitcoin dominance on a decline again, we can safely assume alt season is likely here How to trade: Safe: Buy in at 3400 sat level after convincing volume allowing it to fully break out of the 0.236 resistance Sell points: 0.618 fib level, where previous resistance was Risky: Buy in at 3400 sat level after convincing breakout. Sell points: 4115 sat level If you don't agree, please leave the reason in the comments. I will read and consider all your comments and use them in my next TA's.
Long
by HD1184K
Is ICX starting a wave 5?I believe $ICX is starting its wave 5 uptrend of an Elliot wave. It should find resistance at the peak of wave 3 of this trend drop for a bit and then have one little last push up. It almost looks like a "cup and handle" is forming out from the previous uptrend we had in March with Icon. We could see (maybe even close to) the high ICON had in march of 0.00047890 satoshi's soon, but not yet. This is not financial or trading advice, I only do this for fun. Constructive criticism is always welcome
by dowdall
DIGITAL ALPHA UPDATE - ICX, Large-Cap Portfolio BuyOK, I said we had a lot of things in store for you. Here is one of many. This is our first Large-Cap Portfolio call. We will have three portfolios and we will hold ourselves accountable for our calls, unlike any other TA out there! Our three portfolios will be 1) LTC/BTC 50 trades to $1M; 2) Aggresive Micro Cap; 3) Large Cap Diversified Our assumptions are each start at $10k each and we will keep track of the progress. This is purely hypothetical and educational. We will soon link the status of each portfolio soon. So, ICX! We are moving 25% of the portfolio into ICX. We are waiting for price to touch the lower black line (support). ABCDE triangle formations usually result in a breakout. Therefore, this is a set-up for a trade. Buying during a breakout is recommended, not beforehand. This would mean a buy between 3400 and 3480. If price drops below the black support then the trade is called off. If you are more aggressive and buy before ICX breaches the top black line (resistance), a stop-loss is encouraged around 3280. Remember, join our telegram below. We will be updating portfolios, conducting LTC raffles, hardware wallet giveaways, and much more! Take care. - DA Bull
Long
by DIGITAL-ALPHA
Set up for breakout - EMA CrossingHello everyone and welcome to this analysis on BINANCE:ICXBTC . Last day's trade on BINANCE:IOTABTC proved itself successful. Let's carry on with the same strategy. Reminder on EMA crossing strategy: -RSI under 70 -EMA 26 crosses EMA 52 -Low volume on MACD (optional) -4 hours chart As you can see the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 has crossed the EMA 52 representing a start of a bullish short to mid term trend upward. Although the crossover was made few hours ago, it still confirms the start of a bullish pattern. In order to find an entry, you can switch the timeframe of the chart to 1 hour and then 15 min. That will help you determine a momentum for an entry point. Here if you take the 15 min chart you will see that we are about to have a bullish crossover on the MACD which is usually what I use to assess whether it is a good time to get in. Aggressive approach: Long at market Stop loss just under EMA 52 on the 1 hour chart Take profit under resistance level (dotted yellow line) Conservative approach: Long at EMA 12 on the 4 hour chart Stop loss just under EMA 52 on the 1 hour chart Take profit under resistance level (dotted yellow line) **This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
Long
by SamLazno
5
ICX to follow Verge's (XVG) momentum ? (+500% potential)Verge has been on a rampage the last couple of days, exploding in price with strong momentum. The strongest catalyst being the knowledge of a pending announcement of a very big partnership (announcement planned for April 17th). It is supposed to be an exclusive partnership with a lot of impact. Hence, we have ourselves an anticipatory price movement. Now, first of all, prepare yourself for the typical buy the rumour, sell the news phenomenon. Make sure you have your stop losses set. This might be a timing for the handle to start forming. Verge: ----- Could Verge be running two weeks ahead of Icon? Moving on to Icon, we see that we have been forming what seems to look like a cup & handle formation, which you can also find back in one of my previous posts on ICON: "ICX diving right into the 2nd part of a cup and handle?" (posted on March 12th) If we look at where we are today, we are seeing a continuation of that pattern forming: Given that ICX will announce its ICO platform and the IISS launch the 30th of April, we have ourselves some fundamental catalysts as well to get the price pumping. Moreover, indicators are also lining up quite nicely and are evolving similarly to Verge previously. So while Verge is currently on a rampage, ICX seems to be following a same pattern (potentially, and with like a delay of 2 weeks), AND there are fundamental catalysts to back this scenario. Of course, I urge you to DYOR, and I also make this gently request to give a thumbs up if you found this post entertaining or educational or helpful in any way :) Happy trading! ------- FYI - post published on February 28th, preceding the triangle break-out: -------
Long
by A_Cryptastic_Mind
10