ICON Continues... Goes Parabolic | Support & Resistance MappedICON (ICXBTC) continues to grow now going parabolic... We shared a chart less than 3 weeks ago and we are now at 65%+ of gains but there is still lots of potential left for additional growth, you can see it here:
Now, after we buy low, all that is left is to be patient and sell while the prices move up.
EMA200 was conquered with yesterday's candle close, if ICXBTC can remain above this level, the next target is sitting at 0.00003158 followed by EMA300 at 0.00003831+.
If EMA200 (0.00002477) breaks down (prices for ICXBTC move and close below this level), then we can see lower prices around EMA10 or 0.00002136.
These are the most important support and resistance levels on the daily timeframe.
Thanks a lot for reading.
Namaste.
Icx
There is a possibility for the beginning of an uptrend in ICXETHTechnical analysis:
. ICON/ETHEREUM 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 57.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000980 to 0.000770). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000980)
Ending of entry zone (0.000770)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.001400
TP2= @ 0.001760
TP3= @ 0.002250
TP4= @ 0.002965
TP5= @ 0.004325
TP6= @ 0.005420
TP7= @ 0.006520
TP8= Free
There is a possibility for the beginning of an uptrend in ICXETHTechnical analysis:
. ICON/ETHEREUM 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 57.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000980 to 0.000770). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000980)
Ending of entry zone (0.000770)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.001400
TP2= @ 0.001760
TP3= @ 0.002250
TP4= @ 0.002965
TP5= @ 0.004325
TP6= @ 0.005420
TP7= @ 0.006520
TP8= Free
$ICX, UCTS displaying a 2D Buy signal after 8 months..$ICX
UCTS displaying a 2D Buy signal after 8 months..
Zooming in:
Testing ~1750 sats resistance level (Matching EMA50) w/ increasing volume..
Starting to cross Ichi cloud on the 1D
Looking for a potential flip at this level as continuation to ~2300 sats (20%+)
Stay ready
#ICX
ICX - prepare for reversal - just a small tradeICX is an interesting project but it’s difficult to consider a short term trading opportunity currently.
The bearish trend is so strong since the end of 2017 that it’s difficult to have a good chart overview without activating log scale option.
The weekly analysis doesn’t seem so complex. We are in a monthly descending wedge.
An important resistance zone can be indentified between 0.44/0.48$. Another one between 0.16/0.18$.
This week we failed to reverse the trend (up to now, the week isn’t finish yet), the price was stopped by the weekly 10 SMA.
You also have to consider the .oblique resistance on RSI; we are close to break it!
The ICX project now proposes staking rewards; close to 20%. It’s an important argument for investors (I’m in).
My trading plan:
- Swing Trading
- Target: 0.33
- I will open a trade after the closing of a weekly candlestick higher than the weekly 10 SMA (+/-0.135).
- Trade Risk/Reward ratio close to 10
- Money management < 2%
Last thing; I will consider carefully the BTC movements.
LONG - ICX - Trading OpportunityWeekly bullish divergence. Alts looking strong while bitcoin keeps melting away.
Entry: 0.00001915
Target 1: 0.00002117
Target 2: 0.00002417
Target 2: 0.00002732
SL: 0.00001803
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
$ICXIf you liked the $OMG and $XVG trades I shared, got another.. bit of a higher risk though.
$ICX ~ Icon. BTC paired.
Riding it's ranging bottom around 1850,
My targets:
Targets: 1900 > 1950 > 2000 > 2038> 2082 > 2174 > 2311
Have your own trade plan, own risk management. Trade safe and at your own risk.
Transparency ~ Currently holding 220,000 ICX.
ICX/USD LongLooks Like we have ha a re-test of the break out of the falling wedge. Could be a 1-2/ 1-2 wave, just about to enter the 3-3. The are alternatives that we are still in the second wave correction. We could be finishing the C wave (3-5-5) or may have just started the first wave of the C wave. Either way 0.1570 (.5 fib) and 1520 (.618 fib) are good entries with stops at 0.1470 yes that's a big draw down of 6.5 % if you are entering at the 0.1570 range or a ~11% if you enter now, so size appropriately (10% of account is ~1% risk). R:R ratios from the 0.1570 entry are at around 0.22 for the 3rd wave (R:R=7) and 0.29 for the 5th wave (R:R=13). So if you get the .618 entry you'll have a better R:R. or if entering now at 0.1653 R:R is 3 and 6.9
$ICX$ICX
Testing ~1930 sats resistance level matching EMA50 with increasing volume..
UCTS showing a Buy signal on the 1D chart...
Looking for a potential Flip here for an entry, if happens then target at ~2400 sats (20%++)
#ICX
Managing my stop losses, take profits and trades over 3commas platform for Binance has been a great experience.
I have to do a few clicks and everything is managed automatically by the platform..
Thanks