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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.
Long
by moon333
2
ICON (ICX) Big Pump Ahead After This DumpHey friends, hope you are well and welcome to the new update on ICON coin. Previously I shared idea on ICX coin where I told you that the priceline is at the support of a down channel and up to 367% move is expected. And finally, by the grace of Allah the most high, the price action of ICX started a bullish rally and produced more than 300% rally as predicted. The previous idea: If we take a look at the live chart then it can be observed that since start of the 2020 the price action turned bullish two times. 1st in the month of January when it produced more than 424% bullish rally and second when it turned again bullish from March to Aug 2020 and produced more than 550% rally. Now the price action is again moving down. So far it has retraced more than 61.8 Fib level and moving towards 0.786 Fibonacci. After the ICX team updated their road map on 1st Oct and announced the Gangnam Testnet at the end of Oct, it was expected that the Month of October will be bullish for ICON coin. But the priceline continue to move down and despite this great event, the price action was not affected. However, I have observed that the priceline of ICON coin may move more down but soon there is a 600% pump expected. So let’s try to understand how much it can be moved more down and when it can start the rally to the upside and what should be the targets. If we take a look on the daily chart then candlesticks of ICX with USD pair has formed a falling wedge pattern and further more ups and down movements can change this pattern from wedge to pennant soon. The 50 simple moving average is moving down to form a death cross with 200 SMA. And this cross can increase the sell off soon. Now if we take a look at ICX with USD pair on the long term monthly chart, then it has completed a bullish Cypher pattern and entered in potential reversal zone. Even though the priceline has completed a Cypher move in US Dollar market but I would not suggest you to place your buying order at the moment. Because the price action of ICX coin is completing the final leg of bullish Shark pattern in Bitcoin market on long term monthly chart. Therefore I would suggest to wait for the completion of this Shark’s leg and let the price line enter in the potential reversal zone of this harmonic move. The second thing I would suggest before buying the ICON coin we should keep an eye on the movement of exponential moving averages with the time period of 10 and 21 on daily chart. At this time it can be seen that these EMAs are in bear cross. Once the price action will be in potential reversal zones of Cypher and Shark as mentioned above and the EMA 10 crosses up the EMA 21 then we can place our buying orders and set the stop loss the maximum extent of potential reversal zones. The buying and sell targets as per Fibonacci sequences of Cypher and Shark harmonic patterns can be as below: Buying and sell targets of ICX with US Dollar pair: Potential reversal or buying zone: $0.3720 to $0.2557 Fibonacci projection or sell zone: $0.4636 to $0.6829 Buying and sell targets of ICX with US Dollar pair: Potential reversal or buying zone: 0.00001981 to 0.00000742 btc Fibonacci projection or sell zone: 0.00003102 to 0.00005609 btc Conclusion: Even though the priceline of ICX is forming perfect harmonic moves, but we should strictly take care of stop-loss because if the priceline will break down the PRZ levels then it can turn more strong bearish. Note: The idea above is for educational purpose only, do not take it as investment advice.
Long
by moon333
3
ICXBTC forming bullish Shark | Upto 655% big move aheadHey friends, hope you are well and welcome to the new update on ICON (ICX) coin with Bitcoin pair. On a long-term monthly chart, the price action of ICX is completing the final leg of bullish harmonic Shark pattern and soon it will be entered in a potential reversal zone. Buying And Sell Targets: The buying and sell targets according to Fibonacci sequence of harmonic Shark pattern should be: Potential reversal or buying zone: 0.00001981 to 0.00000742 btc Fibonacci projection or sell zone: 0.00003102 to 0.00005609 btc Stop Loss: The potential reversal zone area that is up to 0.00000742 btc can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per the above targets this trade has the profit possibility of 655% and as per the above-mentioned stop loss, the loss possibility is 62%. Note: The idea above is for educational purpose only, do not take it as investment advice.
Long
by moon333
3
ICXBTC formed bullish BAT and ready for bullish movePriceline of ICON (ICX) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the move of price action to see how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below: Buy between: 0.00004404 to 0.00004327 Sell between: 0.00004588 to 0.00004861 So short term trade has potential to give upto 12% profit move. Regards, Atif Akbar (moon333)
Long
by moon333
ICX ANALYSISICX ANALYSIS: ICX has grown exponentially, hitting all of my recent take profit targets. I expect ICX to top off now near weekly resistance or beforehand. I would wait until correction has come to enter. The new area of interest and support should be looked at near 2600-3000 sats. If this new local support holds, it is a strong bullish case for another attempt BACK up to weekly resistance. ICX is way thru the moving averages and long term looks fantastic! Although, right now ICX is pointing to daily overbought across the chart. Look to enter upon retrace! Possible Entries: 2800-3000 sats
by altchicasignals
1