ICON
[189%] (LONG) ICX / USDT (W)ICON is a decentralized blockchain network focused on interoperability. With ICON’s “blockchain transmission protocol”, independent blockchains like Bitcoin and Ethereum can connect and transact with each other. This opens up cross-chain use cases that are impossible without an interoperability layer like ICON.
$ICX Inverse Head & Shoulders = Trend ReversalIcon is a fundamentally sound project, but hasn't received the love it deserves lately.
They just released IconFi, and a bunch of other upcoming catalysts could be good for this project moving forward.
Catalysts including .. Rosetta Integration = Pre-Requisite for Coinbase Listing , Revision 12, CPS, and ICON 2.0 Alphanet
It is alt season after all..
The chart pattern that is forming against the $BTC pair is an inverse head and shoulders, which indicates a bullish trend reversal.
You can also see the RSI is neutral and Stochastic RSI is oversold.
I think this token has potential to do well over the coming days.
Not financial advice.
Project website: icon.foundation
Updates: medium.com
NO levels of resistance after the 1.83 level..... ICX to fly Looking at all levels of resistance we have nothing to stop us after we break this line, reason ?? there was no price action back at start of july 2018, price fell from 13$ so fast, no levels where set, from 1.80$ - 4$ + is no levels stopping it
sell orders on the book will be hard to break as people have been holding since last bullrun.... but man ICX is primed for liftoff.
$ICX/BTC 4h (Binance Spot) Falling wedge break and retestIcon looks very bullish after that falling wedge breakout!
Current Price= 0.00001964
Buy Entry= 0.00001965 - 0.00001895
Take Profit= 0.00002331 | 0.00002670 | 0.00003269
Stop Loss= 0.00001662
Risk/Reward= 1:1.5 | 1:2.76 | 1:5
Expected Profit= +20.78% | +38.34% | +69.38%
Possible Loss= -13.89%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 480h
ICX/BTC Pairing, Direction of next levelsICX/BTC Pairing, next levels of resistance ahead to note.
High volume node at 4118 sats
Key Level 'mini POC'/0.618 fib - 4728 sats
Then the more major consolidation level up at the 6365 Sats previous highs.
First to clear the 0.382 fib and 1-1 extension of the current move with local POC holding price at current level.
$ICX #ICX Multi Year/Week Cup & Handle. Above MAs. Cup and handle forming, just like ETH a few weeks back.
We will likely see some selling / sideways before we rocket up to first level of resistance.
Short term bear, longer term very bullish market structure. Supports iH&S Thesis on ICXBTC pair.
This is a fundamentally strong project. A lot of potential here.
ICX to the 69th floor!!current price: .84
short term goal: .92 - .94
long term: $2
ICX has been trading on the lower value side ( purple line) it should be hitting the .93 target within a week. Long term goals of $2 by April, $5 target for August.
ibb.co/Br10sJW
-passing the tops trend, orange line, shows a short term pump building
ICX / BTC is forming Inverse Head and Shoulders on 1D chart!ICX / BTC is forming Inverse Head and Shoulders on 1D chart!
There are few bullish signals on ICX/ BTC , some of them are:
- we are starting to find support on 100SMA (orange line)
- it looks like Inverse Head and Shoulders is forming, which is a bullish sign
There is a high chance we will form inverse H&S and it will overlap with 200SMA. In that scenario 200SMA will act as a support + confirmed Inverse H&S is a sign for the upward movement.
Wait for the confirmation of Inverse H&S before entering or try to enter now, when we have support on 100SMA.
Targets: 3200, 3900, 4500 sats .
Remember about SL!
ICON (ICX) Will Set New High After Breaking Out This ResistanceHey friends, hope you are well, and welcome to the new update on ICON coin.
Cypher move and a 200% rally:
In the month of Oct I posted a chart, in which I showed that the price action of ICX with US Dollar pair has formed a big Cypher on monthly chart and soon it will be turned bullish from the potential reversal zone of this pattern.
Support and resistance levels:
On ICX with US Dollar pair, after the 200% move the priceline has found resistance at $0.95 and after getting rejected by this level the priceline broke down the previous support of $0.80 and after getting bounced by daily 25 simple moving average again breaking out the $0.80 resistance level.
Up channel:
On a daily time period chart, the priceline of ICX coin with US Dollar pair is moving in an up channel. After the recent bearish move, the priceline spiked below the support and used 21 exponential moving average as support and re-entering the channel right now. If the priceline will again reach the resistance of this channel then we can see an imminent move up-to $0.95.
Big Shark move:
On the monthly time period chart, ICX with Bitcoin pair has completed a big Shark pattern and now it is gearing up. So we can expect a big move soon in the BTC market and in the US Dollar market as well.
Long-term final resistance:
The ICX with Bitcoin pair has been bounced from the 0.00001400 btc support and reached the next resistance at 0.00003000 btc, after this level we have the next resistance at 0.00006100 btc and the final and key level resistance can be 0.00009100 btc because in long-term there is no significant resistance after this level.
Conclusion:
Once the priceline will break out the key level resistance and it can surpass the highest price and set the new high in the history of ICX coin.