ICX appears to be within an Ascending Triangle pattern.ICX/BTC appears to be within an ascending triangle pattern. This type of pattern is usually bullish. I've laid out a few scenario's of what I think will happen.
Scenario 1 (Green Arrow): ICX/BTC bounces off the sideways support (around 1000 sat's) and moves to the upside breaking through the top of the ascending triangle (around 1090 sat's), of which the target area would be around 1250-1300 sat's.
Scenario 2 (Yellow Arrow's): ICX/BTC bounces off the sideways support and moves to the top of the ascending triangle pattern before getting rejected again. It could then retest the sideways support a second time before moving up and breaking out of the top of the ascending triangle and then starting its move toward 1250-1300 sat's.
Scenario 3 (Red Arrow's): ICX/BTC fails to hold the sideways support and breaks to the downside. Additionally, it could successfully hold the current retest of the sideways support, move up to the top of the ascending triangle, get rejected, then fall back down to the sideways support line before eventually breaking through it to the downside. If this occurs, I will be watching 850 sat's as a possible area of reentry, and if that fails to hold, then 790-800 sat's. (790-800 sat's was the bottom we hit back in mid August, and was the springboard for it's move to around 1450 sat's in late August.)
RSI on the 4-hour is seeing a little movement downward, but it's fairly neutral otherwise. Daily RSI is neutral for the most part. MACD on the 4-hour did get a bearish crossover around 11 PM on October 3rd, indicating a potential for more short-term downside. Daily MACD got a bullish crossover around September 20th, and the Weekly MACD also got a bullish crossover around September 24th which could indicate upward movement on a larger time frame. To go along with that, Stochastic on the 4-hour is oversold, and could see a turn-around soon. Daily Stochastic got a bearish crossover today, but that might coincide with our retest of the sideways support line, so I'm not reading too much into it, especially with the 4-hour Stochastic oversold. As always, keep an eye on Bitcoin and it's price movements as well, since it can be a major influence on alt-coin movements.
Entry: 998-1015.
Target: 1250-1300.
Stop-loss: 955.
--This is not financial advice or financial recommendations. This is merely my opinion. Do your own research and come to your own conclusions before buying/investing. I am not liable for any losses incurred.
ICXBTC
$ICX : Yellow Paper + Technical Triangle --> To The Moon ...ICX technical configuration :
- Higher Lows
- Ascending Triangle with uptrend support / EMA resistance
- Long accumulation phase
Environment :
- Token Swap will finish end of october
- Political context in Korean seems great
- Opening a desk in Frisco, USA
Waiting for Breakout
Could be brutal with Yellow Paper Part 3 coming soon
ICX bottom 80% confirmed: wyckoff accumulation in volume zoneBottom is forming. Or at least really near, my call last time for ICX was longterm accumulating sub 1000sts still intact, here are some strong signs of bottom accumulation (yet still only 80%, the other 20% is BTC price which wont show in ICX chart ofcourse)
- Volume zone accumulation with clear spring test back in August. (See volume zone chart)
- RSI also break out 1 year down trend in August. (You could see RSI chart)
These indicators are showing you the truth of what happening in the past 10 month bear market, they dont tell you possible entry price, but they tell you time to accumulate for longterm play. It was evidently in detecting supply/demand imbalance.
Note: My call are longterm call so be prepared for any flash crash test to 500 or even 300. Small position will help you navigate the psychology volatility when investing in altcoins
Longterm target: 5000 - 8000sts
ICON – ICX – 4100% Profit/loss ratio. Seriously?Hi Guys! Seriously.
We noticed that ICX has made a nice growth recently.
Let’s take a look at the technical analysis.
• Very low at Fibonacci scale
• The lowest level ever was around 850 satoshis so we can lost from the current level 200 satoshis. On the other hand, ATH was at a level
nearly at 9200 satoshis. Hypothetically, we can win 8200 st and lose only 200 st which makes the following equation 8200/200 * 100% =
4100%. WOW. This is the best profit/loss ratio we have ever made.
• On the second chart you can see stable growth - slowly but surely - support defended 5 times
• MACD – positive trend – higher lows since a couple of months and bull’s cross over 0 level
• Weis Waves - supply has evaporated and finally, demand has shown up
• Ichimoku Cloud - far over TenkanSen & over the cloud & TenkanSen (red) crosses KijunSen(blue)
• We noticed on google trends that “icon coin” recorded significant growth in the UK
Take a look at the link
trends.google.pl
Fibonacci targets to achieve:
Target 1: 0.00002813
Target 2: 0.00004033
Target 3: 0.00005019
Target 4: 0.00006005
Target 5: 0.00007408
Target 6: 0.00009196 (ATH)
So Guys. This looks promising and what is more important it is safe.
What are you feeling towards this coin? Do you have a similar view?
Please do share your comments down below.
HUGE Hugs!
WBM Team
[ICXBTC] ICON Returns [550% – 800% + PP]I want to give another try at ICON ( ICXBTC ). We are still in an uptrend, since the last breakout, and this coin has huge growth potential. Over 800% to all time high.
Trade instructions by Alan Masters
Buy: 0.0000910 - 0.0001020
ICON ( ICXBTC ) targets for Alan Masters Trades
(1) 0.000132
(2) 0.000162
(3) 0.000196
(4) 0.000253
(5) 0.000300
Stop loss: Close below 0.0000767
GOD BLESS TODAY
Thanks god for this day, today!
Thank you for another day of grace.
Thank you god for another wonderful day...
God bless today!
Namaste.
Icon New Market Cycle Markets move in cycles. They move how they do and not how they 'should', you need to move with it.
Icon (and many more ALTs) seem to be moving into the accumulation phase/cycle since breaking out of the downtrend/markdown phase. I will look to play these new ranges formed and look for breakouts of these ranges over the next few months. In my opinion, trading ALTs is something that increases demand for BTC as most are still bought with BTC. This is beneficial for the market as a whole and in my opinion should bring some profits in Q4 2018 to those still left in the game or those returning from hibernation.
ICXBTC: holds strongThe support was set. But being such an obvious level, it is a target for an attempt of the false breakout before the confident rise. The length of the accumulation at the bottom here could be longer than for the other alts, but then eventually it must be released to a significantly higher ATH.
Not a financial advice.
ICX in a strong uptrendICX found bottom at 910 and now grows up. I have a whole bunch of patterns with many trendlines drawn. Each line cross will be supported by big volume and rapid price change (in one of directions).
We have support at 1000, smaller support at ~1026. Areas slightly below these lines are good buy zones.
Than we have resistance at 1070, 1150, 1250 (first strong resistance) and breakout area around 1370. Each resistance will become support once broken. Below each support is a potential buy zone.
If BTC is flying to the moon, ICX will fly side by side reaching 1560, 1870, 2080 and 2450. But that is absolutely uncertain possibility. Especially in time terms.
Day chart for bigger picture.
SL for bad scenario and buy back areas – 950 – 890 – 855
Fundamental analysis - I don't trust fundamental but I just happen to hear the news that one of Korea’s biggest insurance firms SK partners with ICON. Maybe true? I don't know.
P.S. Not a financial advice. For educational purposes only.
A Nice floor made on $ICX, is it the bottom?We love to see this chart. Looks like ICON just finish it's first price action wave. Which is we think that the bottom is in. Why?
1. Price is back to the level where it was started on the first day it listed on Binance. Under 10k sats is really a bargain.
2. The price action getting closer with the ichimoku cloud, which mean it's getting closer the reversal. it isn't valid yet, but can use this as additional opinion.
3. Another indicator which as you see that ParLE and ParSE again says that will be a good entry right there.
but RSI level is showing a bear sign which we're not really happy. above all R:R ration on this chart is quite great, supported by fundamental reason we think ICON is one of the coin we should play in in few weeks ahead.
ICX at all time low with a bullish divergence formingThis is the weekly chart and while there is not a ton of data on this seeing as it's relatively new, there is a bullish divergence being shown on the weekly chart. This also lines up with ICX being at an all time low from when it first came to market.
If BTC goes down, I'm sure there is room to go down well past this all time low, however, this chart independently looks like it could be a good long opportunity. Trade at your own risk and if you do, I'd suggest a stop loss 5-10% where you enter at this bottom as to not risk BTC crashing. This is not a day trading chart, this is a mid/long term outlook based on the weekly view.