Icx
ICX/BTC daily analysis 7/8/2020Good evening all and welcome to another Alt coin analysis Im trying out. I am looking at ICX/BTC and I am seeing some life in a coin that is still pretty far down from its ATH. The thing is if you are trading this you can still make a lot of money if you play your cards right. Last time I analyzed this coin was the middle of last year and that is when I put this fib on the chart. It was almost valid enough to leave on the chart but I drew a fresh one just to make sure we were covered. I also put my typical set up on the chart so lets discuss the current situation.
ICX is a double edged sword at the moment anyways. I really hope that the pump continues similar to how VET has took off. But I cannot promise the same results. Back in Feb of 2018 we were at 92000 sats. Right now we are close to 4100 sats so we still have a mountain to climb if we are going to get back to that ATH we want to see. But traders gonna trade. You can still make money on this coin but buying right now may not be the best idea and Ill explain why I feel that way...
I see we have had 3 rejections at this level in the recent past. So the .382 fib is strong resistance. If we can muscle our way above the .382 fib that should cause some fomo though so I am curious to see what the bulls can do for us. Right now we are above the 50 MA and the 200 MA and the cloud on the daily. But we were the last 2 times we attempted to break above the .382 fib.
Right now if you ask me it is all wagered on if we break above the .382 before we can advance any further. Fomo should show its face after 2 solid rejects at this level traders are watching for a breach of this level. The .382 which is approximately 4575 sats. I have my eye on that level. If you want to go long here make sure you set a stop loss. Nothing is written in stone at this point so you will be taking a risk if you want to jump into a long at this point. But Ive seen stranger things. I mean on the chart. Not the show on Netflix. Although I have see that too. Its okay. I think Ive used this joke before so lets move on. WTFDIK :)
TLDR: Alts usually move when Bitcoin is moving sideways from what I have seen over the past 17 months I have been doing analysis. Just an observation. Do you agree?
High price of Komo - Converse line above base lineHigh price of Komo - Converse line above base line
High base line price
High price of Converse line
Convergence line above base line
Simple moving average 50 above average simple moving average 100 and simple moving average 100 above average simple moving average 200
ICXBTC A boring coin that can possibly trade much higherThis pair has been trading below 0.00004044 for an extended period of time. I was tremendously frustrated but I guess with the lull in alt, this should be expected. I should have managed my own expectation.
The recent break out of the resistance level from the triangle formation saw all the EMA cutting higher. The stars seems aligned then. Now its trading near to the fateful resistance near 0.00004044 once again. Will this time be different? I believe so. A convincing break will take the short term move to a target level of 0.0000537.
Then we have to resassess the situation in the macro environment. I believe the upside potential is much greater!
Disclamer: Invest at your own risk. Do your homework.
ICON (ICX) To Go Next?If there is something we are 100% certain of now is that the altcoins market continues to grow.
I remember saying many times in the past... " This is only the beginning " when we saw strong bullish action and I truly believed it.
I am happy to see the altcoins market (cryptocurrency) growing and growing... Here we have ICON (ICXBTC).
This one is now trading above resistance in the form of EMAs... No longer resistance since prices are now above, these can be considered support on the way down when prices drop.
The way the chart is looking now, ICXBTC can easily produce a very strong jump.
Namaste.
#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.
Double Bottoms going to form; BUY OPPORTUNITYA clear double bottom going to form on 1H chart of ICXBTC
As you can see on the chart, Bottoms are on 3666 area which is bottom of ascending channel as well, so that area is a strong support.
Neckline is on 3740 area, first and short term target is 3818 but ICX has a good potential to rise up to top of its ascending channel in mid term.
So dont miss this good buy opportunity and grab some ICX.
please hit the like to support this idea
$ICX / $BTC : Putting in a possible higher low on the monthly. Some alts are starting to look good in the cryptocurrency market at the moment.
ICX is:
-Bouncing off the 0.382 fib
-Bouncing off a orderblock
-If this bounce continues it will be a higher low
-Bullish retesting off two downtrend resistance lines (see comments for more detail)
-RSI is above 50 and looks like its bouncing (see comments for more detail)
-Possibly bullish retesting off a flag pattern
-Crossing above 18 day MA on some timeframes
Grey areas are orderblocks, once price clears a orderblock and it claims it as support/resistance expect it to head to the next one.
A close under 3000 is dangerous, and can invalidate the idea in the short term because we have formed quite a strong support there.
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.
ICX/BTC BREAKOUT? [ASCENDING TRIANGLE + FALLING WEDGE] On LTF, we see that it broke out of and retested the ascending triangle it was painting.
The measured move for this is not large, about 10%, however breaking out of the more dominant falling wedge is significant.
If it decides that it wants to break out it should go much higher than 4.1k sats, at the very least retest the top at 6k.
We will need to be patient and see if they want to send it. Books look somewhat thin.
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.