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.
Icxusd
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...
ICONic Divergence for ICX in RSI MACD StochIm playing an RSI divergence trade which has been working really well lately.
For more on this RSI strategy, please see the related link below... RSI and crypto trading.
Entry at 1.63
Stop at 1.41
Target at 2.16 OR
whichever happens first, the price when RSI reaches 60, OR the 100 MA.
If target approaches, and I can catch it, I will move stop trail it instead of exiting exactly at 2.16. While I know the risk, the target can fluctuate on these counter trend RSI trades.
This trade, if correct, will net about 2.4R
questions or comments, let me know. likes are appreciated.
Travis
JMJ - UIOGD
ICON Could Have Formed Double BottomICON seem to have found the support at $1.85 area, that previously has been rejected twice, back in the beginning of April. At this support a Doji candle was formed on a daily chart and at the same time RSI has formed a bullish divergence.
This could be the point of a trend reversal, at the very early stage. Obviously it is too early to speak of an uptrend at this point, but it could be important to watch further price development.
Break above the downtrend trendline could be the confirmation of the change in trend, and perhaps result in the price reaching a new all-time high. But at the same time, daily break and close below the recently established low at $1.77 might invalidate such a bullish outlook and result in further decline.
DIGITAL ALPHA UPDATE ICX - For those bottom catchers, 65%Good day everyone! BTC on the daily is starting to show some doji action, meaning we could be close to our low. Usually we prefer hammers since the price action is faster, isn't that why we are in crypto!? For those that decided it was a good time to re-enter BTC, this trade is for you.
ICX is getting close to its bottom and we are anticipating one more minor drop for ICX, which we want to take advantage of (similar to our LTC trade). This trade has the potential for 65% return on our BTCs, tough to complain about that. Admittedly, ICX has been the most difficult cryptocurrency I have EVER charted...actually, the most difficult asset period, whether commodity, forex, stock, or crypto. There have been many surprises with ICX, but I will continue to learn from it. However, the one nice thing about ICX is that its predictability is tied to BTC. If we know where BTC is going, we know the general direction of ICX, which is what we are betting on here. After analyzing several trades: LTC/BTC, AION/BTC (near its bottom), ETH/BTC with leverage, BTC/USD with leverage, and a few others, this trade has a good mix of high return and low risk if we get the entry we are seeking. The other trades being looked at were either higher risk or 25-55% return potential. Also, I almost always use a stop-loss when trading, these types of trades I tend not too. The reasoning is the wick, which might take you out unnecessarily. We are already very close to the bottom (0.000215).
Our entry we are seeking is 0.000275. If we set a stop loss it would be 0.000254 (and then try to catch ICX at 0.00023). Our exit is 0.00044, with potential for 0.00052. If we enter at our target and exit at our first target, we are expecting 65% returns!
This was just a quick pick for everyone. Again, join our telegram so we can build up our base, for you (see link below)! We want to bring you free ICO airdrops, exclusive deals, raffles, lotteries, and more! Our group will be a fun place to catch up on the market, learn about portfolio management, while getting free stuff. Seriously, who doesn't like free stuff?
Anyways, signing off...good luck!
DA BULL
ICX Ready for Glory! ICX a solid proyect, team and nice presence in various blockchain forums make this one of our favorite longterm proyects to invest. The chart speaks for itself. We shall see a nice upward momentum going soon. I shall remind you that we are at the will of BTC so please keep that in mind!
TARGET: ($3 - $3.15)
SKOL!
ICX/USD looking for a good player in this market?ICX looking in a very good buying area! Around 2.6$ seems a very good time to buy, however if you are a risk taker and you believe that BTC will go to 6000$, then I would suggest waiting until it reaches 2.1$. Be careful with what you choose, a safe bet would be to use half of your cash now, and the other half wait to use if it falls. I would suggest for confirmation on today's candle and make a move tomorrow! If the candle closes way below the "B - 0.786 Fibonacci" line then we might see it falling a lot tomorrow. Good luck!
Ps: two fibonaccis were created in case you are confused. (A) stands for the all time high and all time low, (B) stands for fibonacci between X and Y .
ICXBTC - Buy Opportunity - 239% ROI - 24:1 Risk/RewardWith BTCUSD in consolidation mode, I've turned attention to the alt pairs leading into next week. Another coin on my radar is ICXBTC.
As you can see, there have been multiple breakout trade opportunities that have all reach target. I've left these on the chart for you to see. There is still a larger pattern in play that has not reach targets or broken key levels to invalid.
Therefore, we can assume consolidation is now occurring for the next big move UP.
Reasons to consider a BUY position:
Multiple breakout trade that indicate trend continuation
Price appears to be basing out near the consolidation zone indicating fewer sellers
Multiple consolidation zones to offer support (not all are shown)
Excellent risk to reward ratio on offer
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
ICX Long (Icon Project) Crypto analysis/ideaBINANCE:ICXUSD has a good potential to see a high climb. This could be a great long-term hold because it is so cheap and has very good potential. Their blockchain technology has solid use to improve our future by connecting multiple networks into one. This could be a great centralized hub. The current low price with sell power dying off makes this a very good buy. $ICX
Line news is huge. Great opportunity to buy in down marketI think most don't realize how big this news is for icx. linecorp.com
Line is traded on nyse adr and is a 8 billion dollar company..
Also, ICON Blockchain ID
ICON has created Blockchain ID — an identity issued through Smart Contract and can be used for verification in all communities.
In many ways, their slogan, “hyper connect the world,” says it all. ICON seeks to connect independent blockchains without the use of third-party intermediaries.
Obviously developing a blockchain that is looking toward the future where its blockchain can connect other blockchains makes sense..