ICXUSDT Technical AnalysisICON lost over 75% value last November 2021 till now. So, what will happen now? The candles are triangle and candles on down-trendline. There are 2 way at the moment. First of all candle will stay on down trendline and keep going to lose value little bit more or recent candle will close $0.75 and next candle will open-close completely above the down trend-line. Then we will have an opportunity for buy. Also one of the candle open-close completely above the support line as well. MA strategies hasn't gave us signal on daily chart, but when we look at the 3 hours chart, it just changed directions and gave us buy signal. We have got an EARLY BIRD signal from our robo advisor @EngineeringRobo couple days ago and if the candles are stay above the middle of the line of Bollinger Bands, it may keep gain more. Our next target might be our resistance line ($0.907). Let's follow our chart closely and don't forget the follow me as well.
"NFA"
Icxusdt
ICXFollowing my biased logic of What goes up, must retrace!
ICX doesn't particularly stand out, I screened it purely on +% change and low volume today. And I don't usually look up if there are any big news for the coin, but today....... I also didn't check the news.
My thesis is quite simple:
#1 ICX is in the Golden Pocket of Fibonacci Extension taken from January 24th
#2 +8% gain in 4 hours without much volume
#3 Barely broke out of the 1H Resistance (now Support)
Clearly ICX is highly speculative at the moment, but I believe it'll retrace to the 0.5 Fibonacci Extension level, which will still be within the 1H Support channel. I'll follow this with a careful trailing-stop all the way down. Expect some turbulence or side action in the Support channels.
Target #1 = 0.5 Fibonacci Extension level
Target #2 = 0.382 Fibonacci Extension level
When in trade I keep to a strict Risk Management plan and keep an eye on BTC
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
ICON (ICX) - THE TOP DIP BUY TRENDHello trading friends,
There are more coins that did breakdown depending on the last BTC trend - and depending on the green cycle BTC is still not into the long-term breakdown trend as we have not confirmed the important zones.
ICX is a coin that is interesting in the long term, and I expect there will be a time that we can see the good trend on it '
Depending on long-term cycle green - even 3 USD + is a possible trend. and the price are now 0,70
Why this chart?
This is not a trading call, manage your riks and trade depending on your setups - it is a trend chart to show you the best reader, that this coin could show interesting trends coming time, and depending on TA its on top dip buy coins, even if it breakdown more it's still interesting long term.
Have a great day.
ICXUSDT, Exactly drop to activate our buy zoneHello guys
ICX is one the amazing project in last years but in these days its not working very well
According to the chart and previous analysis, after the price supported in the area that was had 2 support zone one of the trendline and one of them was static the market started upwards movement to the key point level and because of the loss of power to break this important level we shown on chart that the price is ready to dump and exactly this event happend and now the price is in our buy zone area.
We expect the price can rise and move upwards toward the target after have some consolidation in here and take time in this zone.
At first take signal then take in long position for future and if you wanna trade in spot you can buy one step of your money in here.
If you have any question send us messages in private
Good Luck
Abtin
Previous analysis :
ICXUSDT - LONGBased on technical factors there is a long position in ICXUSDT Icon
ICXUSDT Icon
Score 1️⃣
🔵Long Now or set on Key Level 1.215
🟢Target 1 1.280
🟢Target 2 1.395
❌Stop loss 1.180
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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ICXUSDT, We need more drop to reach to buy zone areaHello evreybody
According to the chart and previous analysis, We shown on chart that the price is need to drop more because of the movement that couldnt break the key point level and drop price started from there level.
If the price drop more and come to our buy zone area we can buy one step and wait until to reach to the target that we will update it in future
We should be patient just watch
Good Luck
Abtin
ICON Update: Is it going to bounce?ICX (ICON) is moving in a well-shaped parallel channel on the weekly chart. It has been reacted well to an important level at $1.2 which is also a long-time dynamic support and the bottom line of the main channel. IF it bounces from this level and stabilizes above the EMA200 (Ideally at $1.4) we can expect the price to test the resistance at $2.5. The target price for another leg up for ICX will be around $4.36.
If it loses the support $0.65 will be the first level to hold the price.
ICX/USDT TRADING PLANNING FOR SPOTICX/USDT
I think ICX will make secondary reaction or new Higher Low before the new primary trend
So we can also call it correction, so do not be hurry
We wait and catch it dont push yourself into trading guys!
Thanks for the support!!
#indonesia #tipsfotradingplanning
Binance: ICX buy / long 1DBinance: ICX buy / long 1D
Entry: 1,6 - 1,7
SL: 1d close below 1,4
TP: 2,5
ICON is a decentralized blockchain network focused on interoperability. With ICON’s “blockchain transmission protocol”, independent blockchains like Bitcoin and Ethereum can connect and transact with each other. This opens up cross-chain use cases that are impossible without an interoperability layer like ICON.
ICON Network describes itself as a general-purpose blockchain protocol based on the native cryptocurrency ICX that can run smart contracts, adopt the BFT-DPoS (Delegated Proof-of-Stake) consensus protocol, and use an economic-governance protocol called DPoC (Delegated Proof-of-Contribution). The ICON Network is powered by a proprietary blockchain engine called 'loopchain' and has the ability to handle hundreds of transactions per second. The ICON project was started to ensure the integrity and transparency of data shared between institutions and companies, and to move mutual assets on heterogeneous blockchains without a centralized organization. In the long term, ICON Network aims to become an 'interchain' that connects multiple blockchains based on BTP technology.
The ICON blockchain is powered by loopchain, a blockchain engine designed by ICONLOOP. ICONLOOP is responsible for loopchain’s government and enterprise adoption in South Korea. Loopchain is the Seoul Metropolitan Government’s standard blockchain platform.
History lesson - ICX to 4.263 fibIs ICX repeating previous pump?
Historical indications are no guarantee, but when comparing the setup at the moment it looks nice.
This kind of chart pattern is what could be in store for ICX in the short term. This is just an idea, do not see this as advice.
If you do want in here, be sure to set an SL right under the bottom line of the rising wedge.
Grtz