Still looking bullish unless it breaks THIS key support level*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
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Iconusd
ICON WILL BREAK OUT OF ITS DESCENDING WEDGE!What Is ICON?
The ICON Project aims to build a decentralized network that allows independent blockchains with different
governances to transact with one another without intermediaries. Anyone can create a new blockchain project and
join the network. A new blockchain project is free to connect with existing projects and create new unique worlds,
or blockchain multiverse. ICON itself can be viewed as both a living organism and an ecosystem.
Source: icon.foundation
-ICON has had a violent correction over the past few months...
-The Price May Take One Leg Lower (Down to $.28, Also Good Time To Buy)
-DeFi Projects Are Not Going To Die.. The Strong Projects Will See ATH Again.. HODL, Weak Hands Will Fold..
The Contemplating Crypto Collective
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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.
ICXUSDT formed bullish Cypher | Upto 167% move expectedHey friends, hope you are well and welcome to the new update on ICON (ICX) coin.
On a long term monthly chart, the price action of ICX has completed the final leg of bullish harmonic Cypher pattern and entered in a potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to the Fibonacci sequence of harmonic Cypher pattern should be:
Potential reversal or buying zone: $0.3720 to $0.2557
Fibonacci projection or sell zone: $0.4636 to $0.6829
Stop Loss:
The potential reversal zone area that is up to $0.2557 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has the profit possibility of 167% and as per above-mentioned stop loss, the loss possibility is 31%.
Note: The idea above is for educational purpose only, do not take it as investment advice.
ICXUSDT: Higher low forming?Really nice looking chart on this coin. Respecting the levels so far and looking bullish with a potential higher low forming right now. Let's see if we can form a higher high from this price. Not a really good enough probability bet (for me) right now but if buyers break 0.45 (on a daily closing basis), things could get interesting...
ICX Broke Down The Critical Level!BINANCE:ICXUSD
ICXUSD ICON BROKE DOWN ON CRITICAL SUPPORT LEVEL!
ICON fulfilling the head and shoulder bearish pattern! Further consolidation is possible but It must Hold 200MA, otherwise icon will see more blood and hit around 0.3 levels
LET ME KNOW WHAT YOU THINK!
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⚠ DISCLAIMER:
Trading Involves High Risk! Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
Don't miss the great buy opportunity in ICXUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.5885). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ICXUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 0.6736
TP2= @ 0.7319
TP3= @ 0.8037
TP4= @ 0.8713
TP5= @ 0.9578
SL= Break below S2
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ICON getting ready for a quick leg up!Hey, I am back with another Crypto Analysis.
Today I took good profits out of Dot coin, over 50, I've been more greedy than usual in this trade.
I think it still has potential to rise, but I expect at least a correction.
Enough about Dot as we don't have much time as ICX is trying to break the downtrend line.
So this should be pretty quick trade, buy in the downtrend channel or buy the breakout, 11% is a take profit from current price.
Good luck with this trade!
Tibor
ICON Quick 15m Breakout trade!Hey, I am back with another Forex idea, this time looking at ICX.
As you may know ICX is breaking out, and currently is about to perform another leg up.
So the price has been going down in a very tight selling channel, this is a indication of bears exhaustion, buy in the support area or market buy into the breakout.
Good luck with this trade, I am taking a part in it!
Cheers,
Tibor
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!
Can ICX break the 45 cents resistance ? - Absolutely!!Can ICX break 45 cents resistance ?
ABSOLUTELY In my opinion. But first we have to breach the overhead resistance which is currently at aprox. 41 cts.
If ICX manages to pass the 2 year long resistance at 43-45 cts and hold it for a couple of days, the price will see a massive spike to 1-2 USD easily within a few weeks.
Thats just my own opinion based on chart analysis, market structure and current sentiment.
Thank you,
Marc
ICON (ICX) will blow your mind this year!This is my idea for ICON ICX. I see a lot of potential in this coin.
Fundamentals and Chart look awesome. In the beginning of 2020 the price went from 0.10 USD to almost 0.60 USD.
Since then we have seen a steady decline in price and volume.
After a quick selloff in March the price has been trending up along the lower trendline.
We should see a clear breakout to the upside in the coming days or weeks. If we can break 0.40 USD with significant volume, we could see prices between 0.70 USD and 2 USD.
Happy trading.
ICON - Soon 067$ ?!!Hi,
We have a beautiful Butterfly pattern which started from February 6th, 2019 and ended to January 3rd, 2020.
We reached our first target to the neckline (TARGET 1 at 50% Fibonacci). We should get a correction before going to our second target at ~0.45$ (TARGET 2 at 100% Fibonacci).
I think we should hit our third and last target at ~0.67$ (TARGET 3 at 161.80% Fibonacci) before or during this spring 2020.
Usually a Butterfly pattern hits 161.80% of the Fibonacci before a good correction (fill again our bags).
Trade safe!
Cheers,
PS: it's not a Financial Advice.
Double descending scallop ICXETHTwo descending scallops in a row! Will this pattern continue with a third? Small bullish upside expected in the near/short term due to the formation of this chart pattern, as can be seen on the first descending scallop.
ICXUSDT has formed bullish BAT | Upto 93% profit possibilityPriceline of ICON / Tether US has formed bullish BAT pattern and entered in potential reversal zone.
RSI is oversold.
Volume profile is showing weak interest of traders here.
We also have a strong support of 0.1807 sats just beneath the potential reversal zone and price action has already hit at this support 1st time after Feb 2019.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2412 to 0.2129
Sell between: 0.3095 to 0.4117
Regards,
Atif Akbar (moon333)
ICXUSDT Risk-worthy IdeaBINANCE:ICXUSDT Broken long-term down trend, I anticipate a good move upside. If the price falls down to the support line shown in the chart, we can enter the trade for the risk is worthy versus the reward.
Please consider money management before opening any position.
Good luck.
ICX/USD - Day chart - Potential +190% for Wave 3a good case for a 1,2 on the daily scale. wave 3 would have a potential +190% move.
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