Can ICON Push Past High Volume Node?Icon $ICX today pushed higher through a low volume node and ended the day at a high volume node @ 2.67. There's 1 more really 'LVN' @ 3.18 and after that the next target would be a tag of the Point of Control @ 4.00.
You can also see that price closed above the Slow MAs on the Guppy indicator and that the Guppy is starting to turn upwards. All bullish indications.
Since there's a lack of data on the daily chart, here's the 4 hour chart. You can see a midstream crossover on the StochRSI which is also very bullish when it happens midstream like this.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
ICON
$ICX/ICON Elliot Wave Analysis TA. Potential 2x in 1mo. (Not FA)Just completed corrective phase and motive phase should be next. Also Icon is oversold with it currently below long-term trendline and is therefore a good buy for the month of March. This is not financial advice and I am still learning to trade so analysis may be completely off. Do your own due diligence before investing in cryptocurrencies.
ICXBTC - falling wedge? -- volume needed to breakout.. ICX is a great project and reviewed by many experts as a good long term investment. But this chart is for short term trade maybe less than 30 days.
I am hoping to get a spike of at least 10%.. timing and profitability can be influenced by BTC and volume spike. Ichimoku cloud is bearish but the average price range should be way more than the current price (positive sign). Might go down a little before spike.. don't panic sell!!
Please hit "LIKE" to support!
Thanks
Basics of ICHIMOKU :
There are five calculations used to generate the Ichimoku Cloud:
Tenkan-sen = (9-day high + 9-day low) / 2
Kijun-sen = (26-day high + 26-day low) / 2
Senkou Span A = (Tenkan-sen + Kijun-sen) / 2
Senkou Span B = (52-day high + 52-day low) / 2
Chikou Span = Close plotted 26-days in the past.
Read more: Ichimoku Cloud www.investopedia.com
DIGITAL ALPHA Update ICX - How low can we go?Hello everyone, embrace your inner Bear. We are all Bears right now, even DA Bull is a Bear. ICX is no exception to the rule.
As BTC continues its downward spiral into the abyss of $7.5k, $6.1k, $3k levels (yes, $3k is a possibility!) we still take a look at other realms of crypto. Here on ICX I'm drawing up the potential for 0.00017 levels.
ICX recently made a move and it looked like we had a breakout happening here. Volume was moving strong, big green candles were getting drawn up, even some analysts said here it is! However, the ICX Bulls forgot to take a peak at what BTC was doing. There are no descending wedge breakouts with moon potential to be had until BTC is strong...strong like bull.
On our ICX chart here we threw an Elliot Wave sequence on and used fib levels to predict price. This showed us the potential for wave 5 to reach down below 0.00017. Take note of the dates on the bottom. Does that date range look familiar?
G20 anyone?
Stay tuned for my update on BTC in the next day or two. We at Digital Alpha have been paying close attention and will be able to show some potential price targets to nab some btcs at the bottom (fingers crossed).
That is it for now and the quiet land of crypto on March 15th. There will be plenty of fireworks to be had shortly so let's take a quick respite before we just go ape poop.
Have a great day everyone!
- DA Bull
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As always - DYOR
Digital Alpha is not a licensed financial planner, financial advisor, stock broker, investment broker, or investment advisor. Before making any trades, check with a financial planner, investment advisor, tax advisor, or anyone else that controls your finances to make sure trading is right for you. The information provided here should not be construed as individual investment advice. All information presented on this site is the opinion of the author only and is not a solicitation to buy, sell, or hold any investment or security of any kind.
Elliot's waves structure for $ICX and possible next targets!ENGLISH : ICX has been respecting the theoretical organization of Elliot's waves. I'll keep watching it and updating this post.
PORTUGUÊS : ICX tem respeitado a organização teórica das ondas de Elliot. Continuarei observando e atualizando essa publicação.
Elliot's waves structure for ICX and possible targets!
ENGLISH : Simply based on retracement from important tops, we could set a conservative target of 0.00036 (ideal correction from the Feb. 26th top), but also an audacious one like 0.00063 (ideal correction from the ATH top).
PORTUGUÊS : Simplesmente nos baseando na retração a partir de topos importantes, poderíamos chegar a um alvo conservador em 0.00036 (correção ideal a partir do topo de 26/02), mas também outro mais audacioso como 0.00063 (correção ideal desde o topo da ATH).
ENGLISH : Going back to the Elliot's waves structure, we could also set as possible targets, as long as this giant wave 2 does not go below the 62% retracement mark: 0.00038, 0.0004, 0.00043 and 0.00046. It'll depend of how voluminous will be ICX's rising. I'll keep watching and updating the post.
PORTUGUÊS : Voltando à estruturação das ondas de Elliot, desde que essa onda 2 gigante não vá abaixo da marca de retração de 62%, também poderíamos chegar a alvos de: 0.00038, 0.0004, 0.00043 e 0.00046. Tudo dependerá de quão volumosa será a subida da ICX. Eu continuarei observando e atualizando a publicação.
ICX Breakout EW in playICX finally broke out and with some good volume.
Perfect bounce off fib levels. Volume is back and we have broken then 55EMA which is now acting as support.
I assume the current rally is due to the news of Korea allowing ICO's. Which is great news for any ICON holders :)
Target for the 5th wave is 3600 sats.
If we break below 3250, EW has failed.
I believe ICX is a solid project and long term it's going to perform well. ICO's will be launching on ICON in the near future which is sure to boost the the current price.
If you like my TA, give it a like :)
Cheers
ICXUSD - Quack, Quack, Quack, Mr. DucksworthHello Crypto Fam, we're checking back in with ICX to see where it's looking to go. There's been a small bull run the past few days as we see everyone buying back the the recent dip that everyone is attributing to the MT Gox Sell Off. Not sure if that's enough to blame for the complete sell off, but everyone has to point at something when the market goes in a particular direction right?? Anyway let's check out how ICX is doing.
If you looked at out previous post on ICX, we confirmed it was still in our downtrend channel marked in our red lines on the chart.
We're waiting to see if it can break out of the red lines to begin a reversal. Take a look at the MACD and note as always we need momentum and volume to confirm this. A small upward break in the downtrend channel won't be enough to confirm without volume.
Targets to watch:
1. A break out of the downtrend channel marked in RED.
2. A break in the $2.97 Fib levels
3. A break in $3.47
4. A break in $3.88
Grab some popcorn and hit us with a Thumbs Up button if you like our analysis. We'll be keeping a close watch.
Cheers!
ICX ICON Update Based on my technical analysis of yesterday which I predicted correctly I would like to update my thoughts on a cleaner Chart.
We broke out of the ascending triangle and hit the first target of our five wave structure. Because it retraced to the golden ratio I do not expect wave 4 to retrace lower than the peak of wave 1.
The RSI on the daily chart is making higher highs and shows strength. The RSI on the 1h chart is showing lower highs which I relate to the retracement and cool down of the Indicator before it can start its rally to the next target.
The longer term target remains at ~54750 Satoshi, if the breakout does not fail (I will rechart if that would be the case). My time cycle analysis tells me that the longer term target should be hit within the last 10 days of April.
Please let me know what your thoughts are. I will appreciate every critical view on my work.
EMA 100 is an important resistance for $ICX #Icon.ENGLISH : ICX has broken through a big falling wedge since its ATH 0.25% 0.25% , which is a good sign about its future. There's still some other things to pay attention at, tho. We can see it clearly that since the beggining of the downtrend, EMA 100 has been a strong resistance on the H4 chart, so I wouldn't believe in any uptrend rumour until the candles go above this indicator. I'd wait a little more before I take a position. Nonetheless, for those who already bought, and those who will wait, if a bullish trend is confirmed, my primary targets would be 0.000516, 0.000593 and 0.00067, after breakingthrough the important top at 0.000443.
PORTUGUÊS : ICX venceu um grande padrão em flâmula que vinha desde a sua ATH 0.25% 0.25% , que acaba sendo um bom sinal a respeito de seu futuro. Porém, ainda há alguns outros sinais para se atentar. Podemos perceber que desde o início dessa tendência de baixa, o EMA 100 tem sido uma forte resistência no gráfico H4, então eu não acreditaria em nenhum rumor de tendência de alta até que as candles vão acima deste indicador. Eu esperaria um pouco mais antes de entrar comprado. Enfim, para aqueles que já tenham comprado ou aqueles que irão esperar, se uma tendência de alta for confirmada, meus alvos primários seriam 0.00044, 0.000516, 0.000593 e 0.00067, após quebrar o topo importante em 0.000443.
ICX diving right into the 2nd part of a cup&handle? (+500% pot.)In my previous post I highlighted the downtrend that ICX is currently in, and how there is no clear indication of reversal yet.
It actually even broke the lower white triangle support and is now trying to get back in.
It could be a coincidence, it could be faith. But because of breaking that triangle for a moment there, a nice fitting cup & handle pattern might well be in the making. We are seeing slow and steady enough price movement so far, to not be speaking about a V-pattern, but something that could become a U-pattern as is typical for the cup. Moreover, we see that volume has been on the decline towards where we are now. We can probably go a couple of days before we finish that bottom in ICX. And if this scenario would hold true (remember, it is just one scenario), we could be in for a nice price bump.
To fully fill up this picture, have a look at the "CVI" (Cumulative Volume Index), it is quite typical that this index does the opposite of price, when it is preceding a trend reversal. Here we see downward price movement, and upward "CVI". This could ultimately result in a bullish break-out. Moreover, as you can see, the white triangle resistance is not that far anymore to break out. And we know what happens if we break out there.
Moreover, if we look at the MACD, we see a golden cross that has been in the making for quite some time now, it came soooo slowly, but I think it might be there: look at the light bluish dot on the 12th or March (today). Seems like an upward curve, albeit very very gently ;-)
Also, RSI (Relative Strength Index) is in the heavily oversold area now,:
Conclusion:
So... indicators are starting to point more and more in the direction of the bulls: bullish MACD, bullish RSI, divergence in "CVI" and price. And we might have a cup & handle on our plates, and we are close to the end of the triangle formation.
(Purple target line on the right upper corner is my current cup & handle target - a bit more than 500% upward potential)
Does this mean we are in the clear? No. We still do need the break-out confirmation and that goes hand in hand with a take-up in Volume, getting back in and then breaking the triangle and moving upwards on that steep upward second half of the cup! Many things could go wrong on that journey.
Risks: we can fall through to the downside, directly crushing our C&H figure. Luckily, we should be standing on the sidelines now - waiting for a confirmation of this - just a - scenario.
Best of luck.
ICX Finally broken Free 400% Profit ICONI made the call that the baseline of the correction would be found at the 0.0002550 - 0.0002600 level, and it bounced beautifully for us right off that mark.
It had been following the fibonacci levels perfectly ever since its release. After forming the descending channel that led to the baseline it bounced straight off that level and formed a new upward trend line, inside a symmetric triangle pattern. We have finally broken out of this triangle, and are making our move upwards.
Here are the new fibonacci levels for our targets:
First target is 0.0004157
It's so undervalued at this point, being $12 only 2 months ago and with such promising news coming mid April, we can be extremely bullish about this point.
We need Bitcoin to not drop much further in order to maintain our momentum.
All the best
Please note: Invest at your own risk. This is not finacial advice.
ICON (ICX) Technical Analysis after 6 week downtrendIcon is a Coin to be on the watchlist. Not just because of the great project and team behind it but because of the Movement.
It broke out of its bullish pennant and is currently in an ascending triangle. The oscillators are giving very bullish signals. What is missing unfortunately is a higher volume to signal a reversal in trend. If the support breaks, the next support will be at 26000 sats (0.786 fib retracement).
ICXUSD - But First, You Gotta Do the Truffle ShuffleHello all, lets take a look at South Korea's ICON Coin. ICX has been repeatedly beat down since it's January highs. We saw it develop its new downtrend channel on Feb 17 with a shooting star signaling the current reversal we're in and the new downtrend channel. We're have now reached the exact bottom we had in the first week of February which we were expecting to hit based on our charts.
So, the question that's on everyone's minds, "Where do we go from here?" Interesting to see that it looks like we just formed a bullish hammer at the bottom at our support level of $2.39, but with such low volume and MACD still on the negative, I'm not sold on any reversals just yet until we break out of the current downtrend channel we have on our charts. Note that we're still way below the moving averages as well.
If we do reverse at the moment (not likely, but possible) our targets to watch:
1. A break out of the downtrend channel marked in RED.
2. A break in the $2.97 Fib levels
3. A break in $3.47
4. A break in $3.88
The most important ones we want to watch would be for a break in the downtrend channel and the target at $3.88 with a good amount of volume to confirm the swings. For now, we keep watch. Hit us with a Thumbs Up button if you like our analysis.
Cheers!
ICX Finally Ready to Break ICON Icon has finally found the bottom of its channel when it bounced off the 0.0002600 Fibonnaci level. It has been following the fibonacci consistently ever since its release. We have been in a downward channel, but look to of formed a small ascending triangle which is squeezing to the very top of the channel. I believe we will either break out very imminently, or have one more small rebound before the big push.
Has ICX/USD Found Its Double Bottom? NOTE: I PULLED OUT THE CRYSTAL BALL ON THIS(I prefer to use a btc/eth pair but due to limited data i made a temporary exception)
BINANCE:ICXUSD is at its previous bottom where it seen a nice bounce last time but stayed within the downtrend channel. I have been placing buy orders within the green bar, use your own judgment on stoploss. Limited trading data on this coin but it has a very bright future considering FA. Mid term target of 15-20USD.