ICON is primed to make HUGE gains - over 2500% GAINSIcon is one of the gem many has yet to realise. This is the Korean ETHEREUM. Icon is the only one that is worth mentioning in KOREAN market as of now. LITERALLY can own 50% of Korean market when this matures as Icon is already working with huge enterprises and Korean governments now.
One reason i say this is because it is building an STO platform. this platform enables publicly listed or even SME companies (ANYONE) to join Icon network to launch tokenisation services.
And STO reminds us of ICO. what ICO helped ETHEREUM make 10000% gains.
So in long term outlook, icon can do this gains, and a wider and more regulated light.
Right now, Icon development for STO token standard is completed.
We are only waiting on STO smart contract(stabilization stage) and official STO platform in ICONest 2.0 (in development).
31st May 2020 is their next update on development. Of course STO is the only thing im mentioning here, Icon has also recently partnered LCX, which is an STO platform regulated and partnered with World Economic Forum! This is a hint for you guys.
What the chart means?
This means, every $1000 invested into ICX can potentially make you $25000. or 25X your Bitcoin holdings.
MACD in Long term is looking BULLISH! and you know when weekly shows bullish, icon can jump up to the sky. If you are not a trader and long term holder, this is def a good one to get on IMO. 100 million Market Cap for ICON is just a dream. this can go up beyond 10Billion in a bull run
This is just being conservative when it reaches near ATH of last bull run, and we know once bull run started, prices goes crazy up. and another 100x from here is not unachievable. which means every $1000 into ICX can make you $100000.
This is also under a hedge fund manager Buy Up to list of $5 currently and in a bull run its going up and beyond. Current price is only a small 0.30 cents. an easy 10X SHORT term. The chart drawn can happen sooner if development and partners start using ICON Platform. a true gem to watch for.
This is just my opinion. DYOR
ICXBTC trade ideas
Icon ICXBTC possible buying opportunity!!It looks like ICX tested 3666 sats levels 3 times. I guess we will see a little short term reversal inside the parallel channel. Buying opportunity can occur between 0,236-0,382 fibonacci levels. There is also ichimoku cloud below that fib. levels so that also should provide a support in that zone. From that buying zone there is a possible 27% short term move because of the bullish flag formation. Lets see how it goes..
$ICX, Crossing over ~3250sats level w/ spike in volume$ICX
Crossing over ~3250sats level w/ spike in volume
UCTS Showing Buy signals across all LTF (15% up since 8H signal)
Willing to see a potential R/S flip at this level as continuation toward ~4k sats similar to what happened before as you can see in the chart.
#ICX
ICX/BTC!STP Crypto Alert 5/19/20 @everyone -- Swing Trade - - - 4hour chart looking bullish - Swing Trade
Ticker: ICX/BTC
Entry: 2900-3100 sats
Take Profits:3200, 3300, 3400, 3500, 3600, 3700, 3800 --> 4500-> (measured move of the falling wedge) --> 5-7k sats is longer term target of the fib extension!
Stop Loss: 5-7% stop loss however you wish to implement (depends on your entry)
Good luck Traders!
Possible bounce pointsIcon could see a bounce at each of the green lines. A reversal into a bullish cycle depends I think on the overall market conditions surrounding cryptocurrencies and traditional markets. If everything is on the up and up I think holding ICX can be profitable in the next bull cycle. Buying when there's fear in the market and patience helps to build great wealth.
ICX Possible ScenarioIcx could break out of this descending channel and have a big move upward if bitcoin is making higher highs. If bitcoin falls lower over the coming weeks I would look to to see if ICX tests the mid line of the descending channel, or bottom support of the channel, or even break through and move down to test the .786 fib retracement of the move from Jan 10th to Feb 4th.
ICX/BTC - textbook EW structure (short term trade)After 5 - wave impulse move, price is moving in the channel, the textbook ABC correction could be finished. Targets and stop loss is also clear as a day.
DISCLAIMER : I am not currently in this trade, RRR 2 isn´t really attractive to me, price would have to go down lower to make me to enter this trade.
ICXBTC short term view on its channelsICX could be pushed to 32xx, breaking the upper resistance line an the mid-line of the lower channel. After that, price might visit 36xx and then 38xx, moving towards the upper channel line. Breaking the upper channel line, we might see 40xx soon.
No advice from me, please do your own research. I am just looking at the charts.
Possible change of trendThe price is still building the XABCD structure (which is bullish). The price is near the level CD = 1.13AB. We can start uptrend from this level or go deeper to 1.272 level.
Still there is not any factor for buying it.
So, from my previous analysis only scenario 1 is valid for me.
There is not any financial advice, just what I see on the chart.
LONG - ICX - Trading OpportunityBINANCE:ICXBTC seems to have bounced perfectly from previous support, starting what seems to be looking like the start of a reversal, managing to claim back the MA50 on the 1h chart.
Entry: 0.00003090
Target 1: 0.00003369
Target 2: 0.00003596
SL: 0.00002977
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The two scenarios for ICXThere is my analysis of the current situation on ICXBTC .
1. The local trend -> downtrend
2. Divergence in point A and C -> bearish
Scenario 1 – my current
We are going to point D, somewhere about 2857, but it is also possible to land only on the level 2996 – 3016 (strong level AB = CD). The formation XABCD is bullish , so from point D the uptrend should start.
Scenario 2 – an alternative option
If scenario 1 is wrong, and we are going up, confirmation of the uptrend will take place when a candle will be closed above 4651.
There is not any financial advice, just my two scenarios.