Icxbitcoin
ICXBTC forming bullish Shark | Upto 655% big move aheadHey friends, hope you are well and welcome to the new update on ICON (ICX) coin with Bitcoin pair.
On a long-term monthly chart, the price action of ICX is completing the final leg of bullish harmonic Shark pattern and soon it will be entered in a potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to Fibonacci sequence of harmonic Shark pattern should be:
Potential reversal or buying zone: 0.00001981 to 0.00000742 btc
Fibonacci projection or sell zone: 0.00003102 to 0.00005609 btc
Stop Loss:
The potential reversal zone area that is up to 0.00000742 btc can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per the above targets this trade has the profit possibility of 655% and as per the above-mentioned stop loss, the loss possibility is 62%.
Note: The idea above is for educational purpose only, do not take it as investment advice.
#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.
ICXBTC formed bullish BAT and ready for bullish movePriceline of ICON (ICX) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is formed:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: 0.00004404 to 0.00004327
Sell between: 0.00004588 to 0.00004861
So short term trade has potential to give upto 12% profit move.
Regards,
Atif Akbar (moon333)
ICX ANALYSIS (LAST PUSH TO 200MA)
ICX
ICX has been on a small run lately and push beyond 1800 sats. I expect one last push up to 200 MA and the short term resistance block at 1900-1950 sats. This will send RSI and Stoch to overbought and exhaust buyers. This is an important point, if this is rejected hard then a possible correct all the way back to support is probable. Otherwise, a break of the 200 MA will bring a new phase of buyers up to weekly resistance block at and over 2000 sats. Watch for the break or rejection at 1900-1950 sats before entering any new long!
ICX ANALYSISICX ANALYSIS:
ICX has grown exponentially, hitting all of my recent take profit targets. I expect ICX to top off now near weekly resistance or beforehand. I would wait until correction has come to enter. The new area of interest and support should be looked at near 2600-3000 sats. If this new local support holds, it is a strong bullish case for another attempt BACK up to weekly resistance. ICX is way thru the moving averages and long term looks fantastic! Although, right now ICX is pointing to daily overbought across the chart. Look to enter upon retrace!
Possible Entries: 2800-3000 sats
ICXBTC has hit the support of channel | Upto 367% expectedPriceline of ICON / Bitcoin cryptocurrency is moving within a down channel and now has hit the support of the channel.
RSI is oversold.
MACD turned strong bullish.
Stochastic has given bull cross.
I have defined sell targets using Fibonacci sequence:
Sell between: 0.0000448 to 0.0000752
Regards,
Atif Akbar (moon333)
A little more downside for ICXAfter bouncing off the demand zone, ICX continues to find resistance near the 1100 area. The slow-moving EMA as well is proving to be tough resistance and seeing that we have broken down from this supply zone, we can expect a retest of the support area below and possibly get back down to the FIB level/trendline before resuming its move higher.
ICX overall does look really good after carving out a couple month bottom so the upside potential is there but yet again we need to keep an eye on Bitcoin.
Thanks guys
There is a possibility for the beginning of an uptrend in ICXBTCTechnical analysis:
. ICON/BITCOIN 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 54.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. Price is in the support zone (0.0001130 to 0.0000770), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0001130)
Ending of entry zone (0.0000770)
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 the 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= @ 0.0001460
TP2= @ 0.0002060
TP3= @ 0.0002350
TP4= @ 0.0002640
TP5= @ 0.0003790
TP6= @ 0.0004720
TP7= @ 0.0005660
TP8= @ 0.0006990
TP9= @ 0.0008680
TP10= Free
There is a possibility for the beginning of an uptrend in ICXBTCTechnical analysis:
. ICON/BITCOIN 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 54.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. Price is in the support zone (0.0001130 to 0.0000770), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0001130)
Ending of entry zone (0.0000770)
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 the 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= @ 0.0001460
TP2= @ 0.0002060
TP3= @ 0.0002350
TP4= @ 0.0002640
TP5= @ 0.0003790
TP6= @ 0.0004720
TP7= @ 0.0005660
TP8= @ 0.0006990
TP9= @ 0.0008680
TP10= Free