ICX ICON is in a new uptrend channelnot a financial advice:
if icx can hold within this channel the movement is towards 3.2 again.
ICON
Icon (ICX) - April 11Hello?
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It remains to be seen if it can rise above the previous high of 2.637545532.
If you decline at the point of 2.319756656, you need a short Stop Loss.
However, it may rise along the uptrend line, so careful trading is necessary.
In the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line and continue the uptrend.
If the CCI line falls below 100 points, volatility may occur, so careful trading is necessary.
The next volatility period is around April 16th.
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(ICXBTC 1D chart)
It remains to be seen if it is supported by the 4176 Satoshi-4517 Satoshi section and can climb along the uptrend line.
If you fall below the downtrend channel, you can touch the 2773 Satoshi spot, so you need to trade carefully.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
ICX back to $3 area.ICX is currently breaking above resistance area. I bought at market few moments earlier, may be a good idea to get in!
RSI gave a buy signal.
EMA's gave a buy signal.
TP at $3 area, about 10% profit.
Good luck!
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ICXUSDT (ICON) - BULLISH SETUP ANALYSIS 🔎
- ICXUSDT brokeout above the pennant pattern's inclined resistance as expected from my previous analysis.
- The market hit a swing high and retraced.
- Price is retesting the pennant pattern's inclined resistance, horizontal support level (S1) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement was resisted by the descending trendline resistance (DTR).
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- There's a potential formation of the bullish inverse head and shoulders (IH&S) pattern.
BUY ENTRY ⬆️
- Aggressive entry : current market price (CMP).
- Conservative entry : If the inverse head and shoulders pattern is formed, a breakout above the inverse head and shoulders neckline resistance (NR) could be a bullish signal (entry).
TARGETS 🎯
- Horizontal resistance level (R1).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation : breakdown below the head's horizontal support level (S1).
- Final invalidation : breakdown below the 0.786 fibonacci retracement level.
$ICX - A realistic projectionSadly, too many moonboys in the space who have no idea how market cap works as a function of price. Especially when the supply of a token has since inflated dramatically since the ICO / mania / hype / listing phase.
Yes the overall market is growing in market cap - however there are also many more projects competing for said market cap, so it's all relative.
Do I think we see ATH this bullseason? Totally.
Do I think it happens tomorrow this month ? Unlikely.
I do see a pattern that I have laid out, following along the linear regression channel, with a rough elliot wave projection towards 4.50-4.80 area, with support areas shown.
The RSI is showing high lowers but lower highs, which may mean momentum is slowing.
Either some large fundamental news needs to come for ICX to get an unnaturally large pump in the price (like a coinbase listing for example), or we will likely see quite boring price action here.
Then again, there's always the possibility of irrational mania at some point and this could moon sooner, but as always, the easier it comes, the easier it goes, so stay prepared :)
ICX ICON is very good long term investment. Huge staking profit!ICX is another coin on our golden long-term list. We are bullish on ICON, it is very good coin. You can stake it (for example on atomic wallet) for huge profit. It is one of the best coin to staking!
If you want to know our golden list of altcoins for this bullrun and play with us on short term signals feel free to join us on our website!
Real ICONic mirrorIn ICON’s weekly price action the downward pattern from Jan 2018 to Jan 2020 is repeated as a mirror image when climbing back up. If that pattern still continues to play out next would be a fairly swift increase to around 4.5. It will be interesting to watch how things unfold. ICON is showing clear bullish signs, so let’s see.
Trade safe and take care
Cheers
Whoop
ICX in to the next range ! Global perspective:
after a nice accumilation zone Icon is building up now for a next range.
You could have like 5 short options last range and the same amount of long entry's.
If the new range settles, my goal is to take these entry's
It broke out of the 1,73 to 2,11 dollar range.
If it withstand the backtest of the 2,11 level, the new range is between 2,11 and 2,8 dollar.
ICXUSDT forming a strong bullish wave on near term.BINANCE:ICXUSDT has formed an ascending triangle and could break above the trendline. all indicators show that we are in a bullish wave and targeting these levels:
level 1: 3.30$
level 2: 4.61$
level 3: 5.89$
stop-loss level is closing 1 daily candle below 2.21$
Good luck...
BTCUSD!!! days from making new ATH'SBitcoin is looking very bullish still!! BTC is days away from making new All time highs! PA has been moving down in a nice corrective channel. The monthly candle finishes in a couple days, How strong will it finish? We could have a nice pull back in the start of APRIL before another push up. $66k first target!!!! $75k wont be to far behind!
ICXBUSD Breakout trend 4HICXBUSD Breakout trend 4H
ICXBUSD in a very symmetrical triangle around 2 BUSD.
I am hoping for an upwards breakout, but signal tells that it can go either way.
Latest price action does seem bullish.
Two major events coming up:
- 30 Apr 2021 Launch mainnet for Balanced on the ICX Network
- 31 May 2021 (or earlier) ICX Token swap service
Opinions?
ICX - ICON Alt Coin BUY Trade SetupICX - ICON Alt Coin BUY Trade Setup
ICON price today is $1.90 with a 24-hour trading volume of $119,445,970. ICX price is up 1.3% in the last 24 hours. It has a circulating supply of 590 Million ICX coins and a max supply of 800 Million. Binance is the current most active market trading it.
ICON is a blockchain technology and network framework designed to allow independent blockchains to interact with each other. ICON is supported through a cryptocurrency token, called ICX. ICON is a South Korean-based company that developed a blockchain technology and accompanying cryptocurrency token called ICX. The company bills itself as an interconnected blockchain network, allowing participants in a decentralized system to “converge” at a central point.
ICX Next stop $4!!!ICX is consolidating nicely. We have a nice flag pole with a bullish pennant forming. Next PRICE to hit will be $4 for icon.
Fundamentally everything about this project is set to explode. The staking rewards are amazing roughly 13%. You can stake on binance, iconfi, bithumb, and coinbase is definitely next!
Icon 2.0 is due for release soon. The amount of patnerships this company has is amazing. You have a couple defi projects releasing in the next two quaters, Balanced, OMM. There is also The Stakin Lossless Lottery which is focussed on betting the interests from staking instead of the principal. It is a global and borderless initiative making staking ICX a fun and potentially very rewarding experience.You can not look past this project fundamentally.
Icon ICXUSDT - Head and Shoulders + Symmetrical triangle- Icon (ICX) Rank 77 on coinmarketcap is increasing every week.
- South Korea government use ICON coin as enterprise adoption and solutions.
- Market Cap $1,166,202,128 ### 24h volume $101,688,807 ### Max Supply: Infinite.
- The price is above the HaS neckline and currently forming symmetrical triangle - bullish continuation pattern.
- Expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - For more information, please check my signature below ↓
- 3th Elliott impulse wave is now in progress, we do not really know, how strong the 3rd wave is going to be.
- Profit target is below ATH level, but of course, after a retracement - I am expecting new all time highs!
- If you want to see more of these ideas, hit "Like" & "Follow"!
Icon getting ready for a big move.ICX has been one of my favourites for some time because of the high staking rewards, but add to that the interesting price action and we have a great investment. I am of the opinion that we could see a rise towards $6-$7+ once we have a daily close above the resistance.