Icxbtcbuy
ICON (ICX) Bullish Divergence, possible long.ICX has been on a freefall for the past few weeks. However, each time the RSI reached oversold we have had a small bounce. This could be another one of the bounces.
Signals:
Bullish Divergence on 1 hour
A bounce from support
Buy in:
1472
Sell:
1500
Stop loss:
1454, where the previous support has been. If we bottom out here it could be anywhere from 1-6% over the next 2 days.
ICXBTC: What do you think all?Hi All,
Icon ICX Analysis: Using a Swing Trader Mentality.
Uptrend to 0.0002326 or Downtrend to 0.0001800...
60/40 split: Reversal to Target#1 0.0002336 & Target#2 0.0002790
ICXBTC has broken its Solid Support @ 0.0002056, Freefall to ICXBTC : DownTrend...
Traders are risk managers and should preserve our capital...
I'm a firm believer in the ICXBTC project and these are great entry prices...
This is not Financial advice...
Always have a checklist before entering any trade: Long or Short...
1. The Trade setup 2. The Entry 3. Initial Stop Loss
4. Exit and Trailing Stop 5. Capital size willing to risk
No Objectivity or Emotions when trading...
There are only three trend which could occur within any market...
Individual Traders focus too much on trend-line...
Instead of the overall trend in conjunction with the market sentiment...
What I look for before entering any trade:
Uptrend: Higher highs and Higher lows
Downtrend: Lower highs and lower lows
No Trend: Horizontal or sideway pattern
Keep in Mind when trading: Not to be greedy: Use Trailing Stop Loss...
3-5 Bar Declines: it's an indicator to - Buy
3-5 Bar Increase: it's an indicator to - Sell
Don't forget why you got into the crypto sphere...
Only Buy Pull Backs in projects you believe in for the next 5yrs: Long...
Majority of investors are going to sell when they break even: Short...
I firmly believe ICXBTC will make higher high on it's all time high...
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all...
Like the Phoenix we will rise from the ashes...
Happy trading People...
$ICX #ICON - DOUBLE BOTTOM - rise high or fall deepHello Lads and Ladies,
for todays first TA we are looking into ICXBTC - one of the most traded coins on Binance.
Looking at the chart we see that we are coming to the very end of a long downtrend since February marked as the blue dotted line. This has been confirmed multiple times. ICXBTC tried to break the downtrend but failed to do so many times. Moreover, we have two more important lines of support when looking at the chart. The red horizontal line and the ascending blue line.
Recently we have seen ICXBTC taking off from the blue support line, failing to beak the resistance and then once again coming back to the blue support line, doing so it seems to have formed a double bottom, which is a bullish signal and might test the downtrend resistance once again. Here comes the interesting part. Breaking this downtrend would mean a pretty huge push for ICXBTC which then would find its first target at the 61.8% or even 50% trend line. ANYHOW, does it fail to break this very strong downtrend, we will very likely see the red horizontal support as the next stop for ICXBTC.
From there on, it will have to decide pretty quick what to do and preferably break the downtrend exactly where it crosses the ascending support. Should that not be the case we will continue the downtrend.
I personally, do not believe in that bearish scenario and see ICXBTC breaking the downtrend very soon. Nevertheless, the whole market has to at least hold on the same level that this happens, otherwise it will go down again and here you already know to which point.
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Cheers, Tomas
$ICX-BTC | Is this the bottom?My Assumptions:
1. Bitcoin doesn't do any crazy moves.
2. People expected way more growth for the consensus week, since ICON has been one of the major sponsors. These short term speculators may have left the market in huge dumps during and after Consensus2018.
3. The joint venture with Line is big. But the impact wasn't as big because of Nr. 2.
4. Launch of ICONest, their ICO plattform, didn't have a bigger influence on the price, since the ICON team (or "exchanges", I don't care) still didn't manage to complete the token swap.
My Predictions :
We still have a long way to go up, as long as the team delivers and reaches milestones.
I think a lot of people saw the cup and handle pattern. At first I thought the top line is at around 46500 Satoshis and the breakout would work out a lot stronger. But meanwhile, I know the cup and handle was actually a little smaller with the top line at around 42000 satoshis. The purple lines belong to this pattern. As you can see the depth of the cup fits perfectly to the recent high of around 52500 satoshis. So the breakout around April 24th should be ignored. Using this purple trendline, I can see a descending triangle with the purple line as bottom line. The dip below (on May 11) can be ignored for this pattern, since it corrected back up very quick and big time. The fib levels seem to be important supports and resistances as well. If we see a break above the yellow line (drawn on the daily in log scale) I expect a break above the 0.236 fib level as well, which should add some additional fuel to the rocket. ;-)
My Target is a break back above the white trendline. I guess ICX is going to come back to follow this trend line, and maybe starting to form a nice ascending triangle with 52500 or 55000 as upper line. And then we will see! :-)
Possible Trades:
Buy zone: 42000-44000 satoshis
Target 1: ~10-15% profit
Target 2: ~20-30% profit
What do you guys think about this idea?
Sources :
Consensus Sponsors 2018: www.coindesk.com
Launch of ICONest: medium.com
ICX Token Swap Status: medium.com
Partnership with Line: medium.com
None of this is financial advice, of cause. I am just drawing fancy looking lines on my screen.
ICON (ICX) How far can this rally go?BTC tanks to 8500 while ICX pumps to 4800 from 3900 satoshis. What happened? Ever since the RSI has dropped below 40, we have seen a decline, but that does not mean ICX cannot rally back to previous levels.
Likely Cause:
-The ICONest Webpage Launch was today
-Strong bounce from big support level
Buy In:
4500 satoshi range
Price targets:
4737-4800 satoshi range
5200 satoshi range (unlikely)
Stop Loss (Highly recommended)
4498 satoshi level
This rally can continue if volume keeps climbing. ICX holding past 4700 is going to be quite difficult. If it plateaus or we see bearish divergence, I believe selling out is the right move. This trade is very risky and I highly recommend the stop loss. I started posting this idea when ICX was 4500, and in around 10 minutes it rallied to 4600. Pretty crazy.
If you have any comments, please leave them below. Thanks for viewing and good luck in your future trades.
ICX Breakout soon!All Breakout indicators aligned.
My expectations are (short term):
Target 1: 51k sat
Target 2: 56k sat
Target 3: 61k sat
Higher is Possible but if we look at the charts history it bounces at allmost every resistance
In my opinion ICX is very undervalued and ready to see a new ATH -1.62% soon and it wil not stop there.
Comments are welcome and normally the drawings on the chart speak for itself .
I'm just starting to publish my TA's at Tradingview and planning to do these more often, if you like these? Do follow me.
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BTC: 1NWXeH6GHSEVG7wjZEMEmLvwu2KjJMau2
ICX TA and MoreHere i am again with a TA of ICON (ICX)
After the correction ICX created a new handle to the cup, yesterday (05/30/2018) we had confirmation of a succesfull launch of the ICO platform.
See here: medium.com
Allso we have a new date/shedule fot the Launch of ICONest webpage
- Launch of ICONest webpage: May 11th
- Design upgrades and UI/UX optimization
- Open to the public upon completion of the main net token swap on all exchanges..
Until now, allready 6 ICO's will be created and launched on the ICX platform
ICONest is a service designed to simplify creating your own DApp project.
Development of the ICONest service is complete. Blue Whale, the first DApp built on ICON, is currently utilizing ICONest for their Token Sale. While the DApp teams partnered with ICON will be the first to use the ICONest service, it will eventually be open to the public.
In my opinion ICX is very undervalued and ready to see a new ATH soon and it wil not stop there.
Comments are welcome and normally the drawings on the chart speak for itself.
I'm just starting to publish my TA's at Tradingview and planning to do these more often, if you like these? Do follow me.
Tipping Jar:
BTC: 1NWXeH6GHSEVG7wjZEMEmLvwu2KjJMau2
ICON (ICX) Quick bounce up looks likelyHey everyone! After a 10.91% correction from its highs, another bounce looks likely for ICON as it is once again trading around support. This trade could fall through so I recommend considering a stop loss somewhere under the support zone.
Trade Signals:
-ICX hovering around 4700 satoshi's, which has been shown to be our current support level on the 4 hour chart.
-RSI is not falling below 40, and frequently hits 70, meaning we are still in an uptrend. If the RSI drops below 30 and is unable to hit 70, it may signal the start of a short-term downtrend.
-The Stoch RSI, which identifies short-term trends, is below 0.2, indicating ICX is currently oversold.
-We are still in an altcoin cycle, and people are still very bullish. Not to mention coins are once again reaching all-time highs.
How to trade:
Buy in:
- 4600-4700 satoshi range.
Targets:
5000-5100 satoshi range, where ICX was rejected twice.
5700-6000 satoshi range, which has shown to be resistance months before.
Stop Loss (If you decide to use one to reduce risk):
-Somewhere under 4700, but I believe the chance of getting whipsawed is very high.
Thanks for viewing! If you have any thoughts, please take the time to write them down. It's how I ultimately improve my TA.
On a side note, do you believe Asia is currently doing most the selling in this market?
ICON at Strong Resistance |Can it Break Through 15% Gain? ICXBTCICON is one of the strongest decentralized platform projects, supported by the South Korean government and have good news at the end of this week.
ICX - Upcoming Events
30 April 2018
ICO Platform and IISS launch
Validation: 853/903
30 June 2018
ICX/ETH Decentralized exchange
Validation: 546/570
Now lets look at the technical analysis;
48.3k satoshi is a strong resistance point supported by historical ATH. If a breakout with good volume comes into play, we can see 57k satohsi values.
Enter the trade after you see the aforementioned breakout!
Disclaimer: This is not a financial advice
Note: You can follow our alert channels and all social media groups by searching CryptoCholics in the Internet.
ICON (ICX) Cup and Handle! - ICXBTCI just realised that there appears to be a cup and handle forming for ICX, also it's on the verge of possibly breaking out of its long-term trendline .
Furthermore, Icon's ICO platform and IISS will be launched sometime before 30th of April !
It's a great time to buy now, due to all these 3 reasons I've stated above, and if it for some reason doesn't break out of its soon approaching trendline, just sell and buy back after it's dip.
Good luck.
and remember,
Patience is paramount!
ICON Trading Opportunity ICON showing signs of strength again after 36% correction from Bitthumb pump
Signals:
ICX having a hard time breaking through 3375 resistance, which is the 0.382 fib level
RSI: Very strong. In crypto we know the RSI is very accurate at predicting short term price drops, and this one is approaching the overbought zone on the 4 hour. However, a very strong RSI can also be a good thing if volume can match.
Bitcoin dominance on a decline again, we can safely assume alt season is likely here
How to trade:
Safe: Buy in at 3400 sat level after convincing volume allowing it to fully break out of the 0.236 resistance
Sell points:
0.618 fib level, where previous resistance was
Risky: Buy in at 3400 sat level after convincing breakout.
Sell points:
4115 sat level
If you don't agree, please leave the reason in the comments. I will read and consider all your comments and use them in my next TA's.
ICXBTC wait to buy.ICXBTC wait to buy. We will update when it in buy zone.
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