ICNBTC - Undervalued Crypto Index Fund (+1300%)A crypto fund with "digital arrays" or indexed coins with different risk profiles that's actively been traded.
Technicals:
-MACD bullish reversal
-Kumo breach
-MMAR reversal
-Bullish trendline
Fundamentals:
- Trading only 2x book value (Under 3x is cheap)
- Digital arrays contain quality coins
- Quarterly coin burn feature to be introduced that enables ICN token holders to participate indirectly in dividend distribution (20% of profits are used to buyback tokens, 80% is reinvested)
- Only coin to be planning a Big 4 audit
- Gateway token to help new investors with instant diversification in cryptos (think ETFs)
- Affiliate marketing to start 2018
Summary: BNB Binance style utility token + affiliate marketing + Index fund to crypto + strong returns = WIN!
Trading:
Hold up to 6 months, for up to 1300%.
Will update with key resistances and key target projections soon.
Iconomi
Buy Now And You Win!As you can all see this is a clear chart that shows the setup for ICN's next wave in Iconomi's price rise. ICN has always been a great project and the crypto currency space is beginning to notice that again.
Potentential Upside Breakout for Iconomi | $1.10We broke above the bearish trend line, market may test resistance @ $1.04 if broken above we can wait and see for a move to $1.10 and/or above. Keep an eye out.
Iconomi reached the bottom!? Next leg up..Looks like Iconomi reached the bottom or is really close to it.
FA comparison to ETH and BTC returns:
*cca 1:1 = Iconomi return vs Bitcoin return which might signal local bottom, price in bitcoins is lower
*price in BTC is near to ATL
Name USD Raised Month Token Sale Price Current Token Price Token Return ETH Return BTC Return Token / ETH Return Token / BTC Return
Iconomi $10,682,516.42 Sep 2016 $0.126 $1.174 9.34x 23.24x 9.74x 0.40x 0.96x
The company looks solid though.
Probably undervalued relative to the other coins.
Might be overvalued considering present cashflow.
Including first mover advantage and potential cashflow rise in the near future probably makes it a good trading/investing opportunity considering present circumstances on the market.
Check "Link to Related Ideas" for more info.
Iconomi leaving downward channel on the upsideAfter steady decline, Iconomi has left its downward channel on the upside. More so RSI managed to curl up just above oversold area. Look for a move towards 0.0065 (horizontal red line) as a first target.
Iconomi Might Be Close to BottomFor the last few months Iconomi has been disappointing for traders and investors. The community constantly demonstrates how frustrated those that held on to this cryptocurrency are. The few optimistic posts aside, more and more people have sold off their Iconomi, often times taking big losses (which can be seen by looking at how the cryptocurrency has been performing).
This idea is here to show that at this present point in time it is really not worth it to sell Iconomi at a loss. We might have reached a bottom or at least we should be very close to reaching it. Even for those that are not familiar with Elliott Waves ( en.wikipedia.org ) the pattern should be clearly recognizable. We are reaching what is the end of a whole cycle. Furthermore we can spot a typical bubble pattern on the Iconomi chart. For reference:
i.imgur.com
On this bubble pattern we are also clearly at the bottom. As the "mean" shown there we can see the "Uptrend line 1" or in the worst case the "Uptrend line 2". Around the second uptrend line will be end of our free fall. Some may argue that we have yet to reach the "despair" phase, but that phase is not always present. Either way, we are close to the bottom .
What happens after we "return to the mean"?
There starts the first phase again. People will slowly start to accumulate Iconomi. The smart money will make a first step, since most investors will at first be insecure, which is understandable by looking at the chart history. And before we know it we will be ready for take off.
Iconomi will soon have the chance to shine again. After all, the fundamentals of this cryptocurrency are solid, as opposed to a lot of other mindlessly hyped ones.
Waiting to push the boundariesAt the moment Iconomy seems to be a sleeping beauty, that waits for starting another leg in it´s cyclic run on the logarithmic scale. Their cryptocurrency fund is doing very well, which shows Iconomi´s ability to manage such a fund smoothly in times of extreme volatility.
ICNBTC 1D CHART ICONOMI MARKET CONDITIONSIconomi has shown support on previous resistance levels, with signs of a triple bottom within a descending triangle, leading to mixed signals.
A break above current downtrend and MA50 could lead to a trend reversal, with Entry/Exit levels shown on the graph.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
ICONOMI expectations0.000720 is solid support. With upcoming btc run and segwit lockin I expect it to drop to fib786 and then drop to this support level. If it can hold it, this is most likely a good entry point.
BUY $ICN -- TRIANGLE, DESCENDING WEDGE, BULLISH BREAKOUT ?!KRAKEN:ICNXBT Triangle formation, descending wage pattern. Fib levels provide ideal entry signal as it has demonstrated strong support. ICN platform and Reddit AMA (tomorrow) should elaborate on the strengths of the platform and strategy to buyback ICN (therefore decreasing supply & increasing price)
BUY $ICN -- FALLING WEDGE, BULLISH BREAKOUT ?!It appears as if $ICNXBT is about to breakout of the falling wedge pattern. Fib retrace provide an ideal entry level and the narrow channel forming confirms strong support.
$ICN ABOUT TO EXPLODE ! —— TRIANGLE FORMATION & MACD CROSSOVERTriangle formation, MACD crossover and RSI indicating that ICN is underbought. Combined with the lack of price movement today relative to the crypto market indicates to me that ICN is about to go very bull !
Fib time signals indicate that a bullish period is about to begin.
Hold on tight.
ICN starting another cup to make new highsICONOMI recently saw new highs after the announcement of the platform going online within the next two months. People are now taking profits and it looks like a new cup is forming like we've seen multiple times the past few months. I'm in ICN for the long run and I like to approach it from a fundamental perspective. There are a lot of bullish fundamentals such as the buyback program, which will generate buying support. (See ICONOMI Reddit for the details). For the short term I think we will see a dip, but I doubt it will go below .0005. I took some profits at what looks like a local top for now, but will always keep on to my bigger share of ICN, and look to buy back in lower. I think ICN is a very interesting crypto to look at for the longer run, and I'm sure it will rally more as soon as the platform launches. However, fundamentals such as a delay of the platform release or negative events in the wider cryptosphere can affect price in the coming months. Also keep in mind that the succes of ICONOMI depends on the succes of cryptocurrencies, so if the cryptomarket goes into a bearish decline - which means less profit on ICONOMI's Digital Asset Arrays - this will definetely increase bearish pressure on the value of ICN. Overall, if you think BTC and cryptocurrencies have utility and are here to stay for the longer term, I think it's good to have ICN as part of your portfolio, or eventually use the platform to invest in a managed array of crypto. Do your due diligence, and don't get distracted by short term technicals on this coin.
ICONOMI about to launch, huge new up trend startedICONOMI is almost out of BETA, I have access to the platform, it is amazing and I believe ICONOMI will be a huge success.
ICN is very undervalued, and only traded at 1 large exchange: Kraken
ICONOMI will not be giving out dividends in the form of ETH but will actually buy and burn ICN
the beta platform looks amazing will get new investors in the Crypto space
ICN still not well known, once it gets listed on larger exchanges and or gets a USD/EUR trade option it will move up more
Good info:
medium.com
ICN 20 and 200 MA about to touch, should make a move up soonBeen watching ICN for a while and it's broken the 20 day MA and the 200 day MA is about to be crossed...should be an interesting move up from here onwards
ICN XBT on KRAKEN Short term down, then up.
Middle term down.
Long term up.
No announcements, no news scenario.
Long and StronkIconomi (I-C-N) was the only token that didn't appreciate in value along with the whole cryptospace during the BTC, ETH and DASH bull run. While the index token (ICNX that is available for buy/sell on the platform) gained 100% returns in one month and the whole I-C-O funds portfolio and the ICNP (performance fund, currently close to 9million USD worth) doubled in $ value.
Investor update was announced on Slack to be posted in the upcoming days, this aswell as more than 60 people being added for beta-testing on the Iconomi platform with new invites being given out daily/bidaily caused a price jump.
The 0.00021 level was tested multiple times but rejected to go down further albeit the FUD (random nonsense) on the Bitcointalk thread and now has moved to a moderated thread with better discussion.
When watching the initial support-resistance levels and market sells we can see that many of the I-C-O "investors" are not familiar with trading and where easily swade by FUD/FOMO and lured in to sell into whale accumulation orders.
With improvements to the ICNX buy/sell platform and launch aswell as development ongoing for the Fund Management Platform, Iconomi is a good long.
ICN/BTC Pressure buildingNot much history to go on in the chart. Respectable and anticipated project in itself.
Bought a few days ago for a long. It could still go sideways for a couple of weeks in this nice tight channel. The second red line is the all time high. If it breaks that then it's unchartered (and uncharted) territory.
