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Icxusd

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.
Long
by HD1184K
4
ICXUSD / ICON - I'm All Jacked Up On Mountain Dew!Hello Crypto Friends! Hope all is well. Let's see how ICX is doing on the 4 hour charts. As you can see on our charts circled in green, we had our Golden Cross between the moving averages around April 17th and it's been a steady climb up the hill to our Fib Retracement level target of $4.27. We hit resistance at $4.90 and and came back to take a breather at the $4.27 range. We did see a dip in our purple trend line and the 50 day moving average which has been our current support lines, but ICX bounced back up above. MACD looks like it want's to move bullish but we'll wait out for the volume to consolidate and pick which way the trend will go. We'll keep a close watch and provide updates to see which way ICXUSD will swing. Stay tuned. Hit the Like Button and give us a follow if you liked our analysis. We are currently long on ICXUSD. Dates to keep an eye on for ICX: 1. Launch of ICONest webpage: May 11th. 2. ICX/ETH Decentralized exchange launch: June 30th. Cheers! Disclaimer: Our content is intended to be used and must be used for informational purposes only. We are not professionals. It is very important to do your own analysis before making any investment based on your own personal circumstances.
BINANCE:ICXUSDLong
by MannyLo
2
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?
Long
by HD1184K
ICON Is Attracting Smart Money With Hyper Connectivity PromiseThe reason smart money is flowing into Icon (ICX) is because of its promise of hyper connectivity. Icon (ICX) aims to connect different blockchains so they can communicate, transfer data and payments among one another. This also makes it a very attractive bet for smart money who can invest big in Icon (ICX) with the confidence that Icon (ICX) will be there to connect any blockchains that exist in the space let’s say 10 years from now without having to worry if a particular coin will exist 10 years from now or not. Read Full Analysis: cryptodaily.co.uk
BINANCE:ICXUSDLong
by Jefe