Iconbtc
ICXBTC fighting MA / Falling wedge - Bullish action?ICXBTC is broken out of falling wedge. The possible gain is shown in the chart. Maybe we get a pullback at this stage, but we have to find out. This could give us the confirmation of the first wave of the new set of impulsive waves. Interesting trade!
ICX (ICON) going for last wave It seems like ICS is showing us a nice elliot wave. We see a nice retracement during the second wave and followed by a third wave with a factor of 1.6 of the first wave. The fourth wave seems to come to an end. If the last wave is comparable to first wave we get a nice prediction. Let's see how this develops the coming hours.
Months of consolidation come down to his moment.Daily completed an Inverse H&S since January highs. Did what looks to be a final shakeout which touched support around 3100 sats followed by a 4hr H&S with another shakeout at 3200 sats. DAily RSI Divergence up and in over sold region. I say up up and away. DYOR. THis is crypto.
#ICX/USDT (June 21)ICX seems to be well supported and will not be able to fall this June. The main trend is still up and the target should be $ 0.4 this June and $ 0.5 at the beginning of July.
ICX will be very dangerous if you go into the Ichimoku cloud because it can reach $ 0.25 and it will take a long time to reach that price range.
ICON-BTC LONG TRADE SETUPPlease manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
ICX (Y20.P3.E1).Macro.Nice trendHi All,
Observations:
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> ICON \ ICX shows a nice price action within a channel in a uptrend with higher highs and higher lows
> 1st rejection with the lead in trend line (resistance)
> The 10\20 and 50 ema have shown levels of support
> Bearish divergence has played out on the 12H as per this chart
> MR and MS are monthly resistance and support lines
Thoughts:
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> BTC dominance is dropping
> 12 Hourly chart indicator shows downward pressure still their based on the RSI, also there on the daily chart
> Looking for confluence of price reversal at these moving average levels or fib levels in the channel
> So with this context, we can use the 10, 21, or 50 ema and or the levels in the channel, to look for setups for entry (in the 6 H, 12 H time frame, as per chart)
> Triangle area is my area of interest to enter (0.28 to 0.31)
Close up view > Area of interest 0.28 to 0.31
6 HRLY chart > downward pressure still there with bearish divergence in play
12 HRLY chart > downward pressure still there with bearish divergence in play
1 Day and above chart > MACD has bullish tone
Holistic overview > observe how the trend line is playing resistance and the 1st rejection.
Possible bounce pointsIcon could see a bounce at each of the green lines. A reversal into a bullish cycle depends I think on the overall market conditions surrounding cryptocurrencies and traditional markets. If everything is on the up and up I think holding ICX can be profitable in the next bull cycle. Buying when there's fear in the market and patience helps to build great wealth.
ICXUSD: South Korea's biggest crypto is fully legal nowCrypto is now fully legal in South Korea. South Korea's biggest crypto is ICXUSDT .
It's already pumped 25% but I expect 25% more on this news, targeting $0.5/coin. But I'd wait for a pullback to buy a bit lower.
Information is just for educational purposes, never financial advice. Always do your own research.