ICON (ICX) Will Set New High After Breaking Out This ResistanceHey friends, hope you are well, and welcome to the new update on ICON coin.
Cypher move and a 200% rally:
In the month of Oct I posted a chart, in which I showed that the price action of ICX with US Dollar pair has formed a big Cypher on monthly chart and soon it will be turned bullish from the potential reversal zone of this pattern.
Support and resistance levels:
On ICX with US Dollar pair, after the 200% move the priceline has found resistance at $0.95 and after getting rejected by this level the priceline broke down the previous support of $0.80 and after getting bounced by daily 25 simple moving average again breaking out the $0.80 resistance level.
Up channel:
On a daily time period chart, the priceline of ICX coin with US Dollar pair is moving in an up channel. After the recent bearish move, the priceline spiked below the support and used 21 exponential moving average as support and re-entering the channel right now. If the priceline will again reach the resistance of this channel then we can see an imminent move up-to $0.95.
Big Shark move:
On the monthly time period chart, ICX with Bitcoin pair has completed a big Shark pattern and now it is gearing up. So we can expect a big move soon in the BTC market and in the US Dollar market as well.
Long-term final resistance:
The ICX with Bitcoin pair has been bounced from the 0.00001400 btc support and reached the next resistance at 0.00003000 btc, after this level we have the next resistance at 0.00006100 btc and the final and key level resistance can be 0.00009100 btc because in long-term there is no significant resistance after this level.
Conclusion:
Once the priceline will break out the key level resistance and it can surpass the highest price and set the new high in the history of ICX coin.
ICXBTC
Long ICX for DeFi & Korean Cryptocurrency exposureFair warning: this is a 2017 coin.
Each time the PVD or MACD crossed up, it was a bullish sign and price moved up. Sweet!
OBV shows accumulation despite price moving down. I think. It would better best to use a USD denominated OBV.
Here is there website:
www.icon.foundation
Is ICON about to take off?Icon is about to take off imo. Price has tested big resistance at $0.8 after forming higher lows inside of an upward channel. Big pressure on the upside now on ICX
And what you think of ICX now?
Is ICON worth invest in now?
It's pretty bullish for me now
I'm longing it with 5x leverage as usual
Happy trading and happy investing
#ICX, Looking at this asset that moved slower than others..#ICX
Looking at this asset that moved slower than others across the week
Sitting above ~2k sats (trying to flip it)while volume is trying to get stronger levels
UCTS is also signalling a 1D Buy while is crossing above Ichi cloud
Upside is insane, just needs a little spark
$ICX
Icon (ICX) | A Closer Look (Long-Term Targets Inside)We looked at ICXBTC (Icon), long-term/weekly below but we will have a closer look today.
This one here is the daily chart and it is easy to appreciate how the trend is changing from bearish to bullish.
As the falling wedge was completed, prices started to move up and break resistance after resistance in the form of EMAs.
Right now, prices are trading above EMA100 (blue line) and pushing higher every day.
Here is the previous chart from January 9, with long-term targets:
You can expect more for this pair and other altcoins...
They will be now entering a new phase, the uptrend phase, where we will see higher highs and higher lows... Growth for years to come.
Namaste.
ICXUSDT a big channel breakout expectedDifferent support and resistance level:
The price action of Icon is rejected by $0.80 resistance and now moving between $0.65 to $0.80 support and resistance levels. There is also daily 25 simple moving average support at $0.65 support. If the $0.80 resistance will be broken out then the next resistance would be at $0.95.
Big up-channel:
The price action of ICX has formed a big up-channel on the weekly chart. There is a powerful bullish candlestick trying to break out the resistance of this channel at the moment.
Harmonic moves on short-term:
On the short-term 2-hr chart, 1st the price action formed a bullish BAT then completed a bullish Shark. Now the priceline of ICX is completing another bullish harmonic BAT pattern. Even though this is a very small pattern, but at this time it is very significant. Because the priceline is also trying to break out the resistance of the big channel and a bullish reversal from the potential reversal zone of this pattern may help the price action to break out the resistance of the channel as well.
SMAs in the long-term:
Icon with Bitcoin pair, on the weekly chart, the 7 simple moving average has started lifting the priceline to the upside. Now there are 25, 50, and 100 simple moving averages above the price action. If the price action will be able to cross them up then a big move will be triggered against Bitcoin.
Ichimoku cloud:
With Bitcoin pair. the price action of ICXis also moving below a big bearish Ichimoku cloud resistance and for any big move breaking out this cloud is very important.
Conclusion:
If the price action will start breaking out the simple moving averages resistances on the weekly chart, then it can work as a big chain reaction. Every moving average can lift the price action up and it can also lead the priceline of ICON to break out the big bearish cloud as well.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
www.patreon.com
IOST & ICXSomeone asked me to make a forecast for IOST.. personally it doesn't look too good atm to me, but in Elliott theory, there could be a leg up to 0.04, but I have a feeling it will fall back to 0.015 or even below.. eventually we could have consolidation and a new trading range around 0.02 usd, but I dont have enough info to say this or so. Atm it looks rather bearish, but you never know if btc goes up again..
ICX on the other hand looks more stable, but same case, we'll have to wait it out.
On the mid and longterm I do foresee a great potential up of-course.
Just HODL I would say.
Icon (ICX) Weekly Chart | Falling Wedge | TargetsLet's compare the left side to the right side of the ICXBTC (Icon) chart... What do you see?
We have, to the left first, a falling wedge that was followed by a 390%+ bullish wave.
We have, to the right, a falling wedge that is likely to be followed by another bullish wave...
This is how the markets work.
They move in cycles/waves.
It goes up and down, up and down...
It is going DOWN...
It is time to go UP!
Namaste.
ICX a big parabolic move expectedHey friends, hope you are well and welcome to the new update on ICX coin.
Previously I shared two ideas of ICX with you, one was a formation of Cypher pattern in USD marker and the other was the formation of bullish Shark pattern in the Bitcoin market.
The price action of Icon coin turned bullish in USD market and produced more than 100% profit rally sofar. In the meanwhile, it has also completed the final leg of bullish Shark in the Bitcoin market.
ICX with USD pair Cypher move:
ICX with BTC pair move:
An up channel formation and EMAs:
On the long-term weekly chart, in US dollar market the price action of ICX coin has formed an up channel and also using exponential moving averages with the time period of 10 and 21 as support. This time the EMAs 10 and 21 have just formed a bull cross and the priceline is turned bullish.
Different support and resistance levels:
On the long term weekly chart, the priceline of ICX has broken out the $0.46 and $0.55 resistance levels and trying to break out the key level resistance of $0.65. If the $0.65 resistance level will be broken out then there is no significant resistance that can be found up to $2.39 as per the Binance exchange. Therefore it is possible that once the price action will break out the $0.65 then it will also break out the resistance of an up-channel that has been formed on the weekly chart.
Alligator mouth and a parabolic move:
On the long-term weekly chart, the simple moving averages with the time period of 25, 50, and 100 have formed an opened alligator’s mouth and lifting the price action to the upside. This move is turning parabolic now.
Similar parabolic move expected like XLM:
The same parabolic move can be seen in the XLM chart as well, therefore we can expect that now the price action of ICX will turn more strong parabolic bullish like XLM to lead the altcoins bull run.
Conclusion:
As the price action of Icon coin has already turned bullish in the USD market but it can turn more bullish as it has just completed a big bullish Shark move in the Bitcoin market.
ICXUSDT (falling Wedge Breakout)#ICXUSDT Technical Analysis Update
Falling Wedge Breakout
ICX/USDT currently trading at $0.452
LONG ENTRY level: $0.450 to $0.456
STOP LOSS: below 0.428
Target 1: $ 0.4735
Target 2: $0.4980
Max leverage: 4X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.